Report: Global CO2 emissions in energy reached record levels last year
The Energy Institute's Annual Statistical Review of World Energy showed that global carbon dioxide emissions in the energy sector reached record levels for the fourth consecutive year last year, as fossil fuel consumption continued to rise even as renewable energy also hit record highs.
German down as renewables decrease
The spot price of German wholesale power increased on Wednesday, despite forecasts that wind and solar energy output would be lower. In France, the spot price fell, despite projections that wind power generation and demand will increase. At 0840 GMT, the German day-ahead…
The afternoon session saw a reduction in gains due to nuclear-related factors
European power forwards retreated from their early gains Wednesday on concerns about possible corrosion of the French reactor Civaux 2. However, prices were still significantly higher than previous closing levels. ASNR later stated that further testing is required. An…
Maguire: Eastern Europe's secretive surge in solar power generation
In Europe, the discussion of solar energy generation is dominated by Germany and Spain. Solar capacity in the nine largest producers of solar energy in Eastern Europe grew at a pace that was more than twice as fast as the rest of Europe over the last five years. This has…
Maguire: Eastern Europe's secretive surge in solar power generation
In Europe, the discussion of solar energy generation is dominated by Germany and Spain. Solar capacity in the nine largest producers of solar energy in Eastern Europe has increased at a pace that is more than twice as fast as the rest of Europe over the last five years.
China's thermal energy generation fell 2.3% on an annual basis in April
Official data released on Monday showed that thermal power generation in China fueled primarily by coal fell by 2.3% in April. It also dropped 4.1% between January and April. This is in line with the expectation that China's fossil fuelled power production could drop in 2025, for the first dip in 10 years.
Uniper to build first solar farms in Sweden as part of renewables push
The German utility Uniper said that it is building its first two solar farms in Sweden, as part of an overall company effort to invest in renewable energy. Uniper, in partnership with Solgrid and the solar producer, will develop Segaas & Segerhult Solar Farms, which are…
Wood Mackenzie warns that Australia will not meet its renewable energy target.
Wood Mackenzie, a consultancy, said that Australia will fall well short of its target to generate 82% of electricity from renewable sources by 2030, due to state-level rollbacks and grid connection delays, as well as inadequate investment. Australia is one of the most…
As Q4 losses and debt rise, Raizen seeks refuge in its core business
Nelson Gomes, the CEO of Brazil's Raizen, said that the company is returning to its core business, including sugar and alcohol production. This was a day after Raizen reported a net loss for its fourth quarter of 2,5 billion reais (444.2 million dollars). Raizen's Net…
German prompt price falls amid weak demand
The wholesale price of German spot electricity dropped on Thursday due to the fact that France was celebrating a holiday and the weekend. France was largely closed for the commemoration of Nazi Germany's defeat in World War Two. This has withdrawn a sizeable amount of…
The price of gas in Europe has risen to a record high for a week due to increased demand and the Norway gas outage
The wholesale gas prices in the Netherlands and Britain rose on Tuesday morning as the weather in Norway was cooler and less windy, and the market tightened. Meanwhile, the need to fill gas storages continued to support the price. The benchmark Dutch front month contract rose by 1.37 euros to 34.07 euro per megawatt-hour (MWh)…
Gas stocks in Europe could be more stressed this summer due to less hydro and wind.
The wind speed and lower hydropower stock in Northwest Europe could increase demand for gas-fired and coal-fired electricity generation this summer, at a moment when Europe needs to replenish storage that has been depleted following the winter. LSEG data revealed that…
Gas prices in Europe are rising on the back of lower renewable energy forecasts
The Dutch and British wholesale gas price increased on Thursday morning, as temperatures and renewables are expected to drop at the weekend and the quieter trade before Easter. LSEG data show that the benchmark Dutch front-month contract rose by 0.24 euros to 35.66 euro per megawatt hour.
The annual earnings of energy trader Danske Commodities have fallen by 48%
Danish energy trader Danske Commodities announced a 48% decline in profits for the year 2024, mainly due to volatility in gas prices. This was partly caused by EU regulations to fill storage 90 percent before winter and the stoppage of Russian transit gas via Ukraine.
Ember reports that renewables will provide 32% of the global electricity by 2024.
A report from the energy think-tank Ember on Tuesday revealed that renewable power generated a record 32% global electricity in 2017. The overall electricity demand increased 4%, driven by heatwaves, data centres, and other factors. Euan Graham, Ember's electricity and data analyst…
Octopus Energy, a British company, has bought a stake in the East Anglia One windfarm
Octopus Energy, a British company, announced on Thursday that its Octopus Energy Generation division had purchased a 10% share in the East Anglia One Wind Farm, which is one of the largest operating wind farms in the world, supplying electricity to around 700,000 households a year.
Israeli Firm Gets Final Permit for US Wave Energy Demo
Eco Wave Power, an onshore wave energy technology company, has received a final permit for the construction and demonstration of its wave energy technology in San Pedro, California.The Revocable Permit 25-05 by the Port of Los Angeles was executed on behalf of the Executive Director, Eugene D.
Shell cancels onshore and solar wind projects in Brazil
Shell has announced that it will discontinue its solar and wind energy generation projects in Brazil as part of "portfolio adjustments", the company stated on Thursday. The move is made in an unfavorable climate for renewable energy investments in Brazil. Projects have been unable to be implemented because of a lack of demand…
Government data shows that Britain's greenhouse gases emissions decreased by 4% between 2024 and 2025.
The government released preliminary data on Thursday showing that Britain's greenhouse gases (GHGs) will fall by 4% between 2024 and 2025. This is due to the closing of the last coal-fired plant in the country, and the reduction in emissions from the industrial sector. Britain's goal is to achieve net zero emissions in 2050.
Sources say that Elliott met with BP investors in order to discuss further changes.
Two shareholders have confirmed that Elliott Management, an activist investor in BP, has met with several of the company's largest shareholders to form a consensus on more changes. These could include cost reductions and a possible leadership reshuffle. BP's stock has performed worse than rivals Shell…
