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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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Power grid flexibility vital to ‘avoid blackouts’
Batteries and hydrogen can provide the necessary flexibility for Europe’s electricity grid to avoid blackouts in an energy system increasingly dominated by intermittent wind and solar, said Maroš Šefčovič, the European Commission vice-president in charge of foresight.
read more... 14/02/2022
Daily (09.02.2022): European spot electricity prices spiked on Tuesday amid French nuclear output cut
Oil prices extended losses on Tuesday as the progress of nuclear deals between Washington and Tehran could result in more Iranian oil supply on the market. Hence, Brent crude fell by $1.91, or 2.1%, to settle at $90.78 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude dropped by $1.96, or 2.1%, to settle at $89.36.
read more... 09/02/2022
Catalonia plans to reach 62 GW of renewables under 2050 energy strategy
The Catalan government on Friday presented its 2050 energy road map, saying the region will need to install 12 GW of new renewables by 2030 and reach close to 62 GW of installed capacity by mid-century to achieve energy independence and a full decarbonisation of its electricity system.
read more... 08/02/2022