Sweden to add 1.2 GW of wind this quarter

25/10/2019 08:58 Wind


Sweden will install 2 GW of wind power capacity this year, including 1.2 GW in the fourth quarter alone, according to an update by the Swedish Wind Energy Association (SWEA).

At the end of September, the country had 8.2 GW of wind in operation, including 190 MW offshore. It also had over 4.6 GW of onshore wind parks under construction.


SWEA expects capacity additions of 1.66 GW and 1.76 GW in 2020 and 2021, respectively.


The association, also known as Svensk Vindenergi, is forecasting a doubling of wind power generation in Sweden by 2022. Annual power generation by wind farms will hit 39,939 GWh by then under the base case scenario in the quarterly update, which is also SWEA’s official forecast. Generation in 2019, 2020 and 2021 will stand at 20,747 GWh, 28,274 GWh and 34,362 GWh, respectively. In 2020 Sweden will have 14.3 GW of wind capacity.

Source: renewablesnow.com

Russian company to initiate feasibility study of undersea gas pipeline in 2020

09/12/2019 09:01:00

Russian company Gazprom is set to initiate the feasibility study in the first quarter of 2020 for laying down undersea pipeline starting from Persian Gulf to Pakistan, India and Bangladesh initially that will ultimately end to China after touching Myanmar and Thailand, a senior official of the Petroleum Division privy to the development told The News.


Spain will hit 68% renewable power in 2030, but needs more flexibility - BNEF

09/12/2019 08:59:00

Spain will be able to meet 68% of its electricity demand with renewable energy by 2030 and 88% in 2050, according to a report co-authored by Bloomberg New Energy Finance (BNEF) and Spanish renewables and infrastructure group Acciona SA (BME:ANA).


Daily (06.12.2019): German spot power down 26% on Thursday on strong wind output

06/12/2019 09:46:00

Crude oil prices evolved differently on Thursday, with WTI prices ending flat and Brent slightly up as traders awaited a decision on output from major oil producers. Brent crude rose by 39 cents, or 0.6%, to settle at $63.39 a barrel, after a hike of 3.6% in the previous session. WTI crude remained unchanged at $58.43 a barrel on the NYMEX, after surging by 4.2% the previous day. A committee of oil producers led by Saudi Arabia and Russia recommended on Thursday that the group increase their current oil production cuts by 500,000 barrels a day.