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Energy prices will ‘remain high and volatile until at least 2023’
Gas and electricity prices will “remain high and volatile until at least 2023” according to long term forecasts quoted in a draft of the European Commission’s communication on energy prices due to be published next month.
read more... 21/02/2022
Swiss plan hydropower reserves, back-up plants to ensure lights stay on
Switzerland plans new hydropower reserves and two or three back-up power plants after officials warned the country would be without power for nearly two days in a worst-case scenario if it does not strike an electricity deal with the EU.
read more... 18/02/2022
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Fortum picks up 800GWh Finnish PPA
Chemical manufacturer Borealis has signed a power purchase agreement (PPA) with Fortum to source 800 gigawatt-hours of electricity from two onshore wind farms to be built in Finland.
read more... 18/02/2022
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Enel inks solar tracker deal with Comal as part of plant reconversion plans
Enel has reached a deal with Italy's Comal to install a solar tracker factory at a giant power plant it is converting into a green energy hub as part of plans to cut its carbon footprint.
read more... 18/02/2022
Daily (18.02.2022): Oil prices fell by about 2% on Thursday amid hopes of more Iranian oil supply
Crude oil prices corrected lower on Thursday amid signs of progress in talks in Vienna to resurrect the Iranian nuclear deal that could pave the way for more crude exports from Iran. Hence, Brent crude fell by $1.84, or 1.9%, to settle at $92.97 a barrel. U.S. WTI crude dropped by $1.90, or 2.0%, to settle at $91.76.
read more... 18/02/2022