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Post-2030 coal output likely within Berlin’s expectations

Germany could have between 13.2-14.7 GW of coal generation capacity after 2030, according to data from analysts and Montel, closely matching government documents showing a need for up to 14 GW.

read more... 09/08/2024

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Daily (08.08.2024): Oil prices rose by over 2% on Wednesday as Libyan production woes offset Chinese demand weakness

Oil prices experienced a significant rise on Wednesday, spurred by production challenges in Libya despite diminished demand from China. Consequently, Brent and WTI crude advanced by over 2%, closing at $78.33 and at $75.23 a barrel.

read more... 08/08/2024

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Greece-Bulgaria gas link operator to press on with expansion to 5 Bcm/year

The operator of the gas interconnector between Greece and Bulgaria is to continue with plans to expand its capacity from the current 3 Bcm/year to 5 Bcm/year despite a lack of market interest in booking additional capacity.

read more... 08/08/2024

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BW ESS, Penso Power and Shell sign long-term UK BESS tolling agreement

Energy storage operator BW ESS and energy storage site developer Penso Power have signed a seven-year tolling agreement with Shell for their Bramley BESS.

read more... 08/08/2024

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Romania approves CfD scheme with reduced solar quota in 2024 tender

The Romanian Ministry of Energy has given the thumbs up to the country’s Contracts for Difference (CfD) scheme that aims to facilitate the allocation of 5 GW of wind and solar capacity via competitive tenders through 2025.

read more... 08/08/2024

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