German Onshore Wind Subsidies Cut by 2.4%
Feed-in tariffs for onshore wind parks in Germany that were not awarded in auctions will decline by 2.4 percent from April 1, 2018, as capacity expansion was ahead of the government's target rate, Germany's energy regulator said on Friday. * Germany is shifting from a subsidy-based system to one of auctions, but very small facilities or those approved by end-2016 and starting operations by end-2018 are still eligible.
GE Mulls 12,000 global Job Cuts
General Electric Co is axing 12,000 jobs at its global power business, the struggling industrial conglomerate's latest effort to shrink itself into a more focused company. The U.S. company launched the cuts to save $1 billion in 2018, saying it expected dwindling demand for fossil fuel power plants to continue. "Traditional power markets including gas and coal have softened," GE said. Rumors of sweeping job cuts were confirmed by labour union sources on Wednesday…
FNB Says Austria Incident Not to Affect Supply
FNB, a group of German long-distance gas network operators, said on Tuesday that the explosion at an Austrian gas hub disrupting European natural gas supply should not affect German flows. "We don't currently assume any problems with the supply of gas but we are observing the situation with utmost attention," Berlin-based FNB said in a statement. The fire and explosion at Austria's Baumgarten hub curtailed flows especially to southern and southeastern borders of that country…
German Regulator Allows Higher Prices at 2018 Onshore Wind Auctions
Germany's energy regulator said on Wednesday it had set higher maximum prices for auctions next year to build 2,800 megawatts of onshore wind parks and avert the risk that low auction results could discourage sufficient building. The agency, the Bundesnetzagentur (BnetzA), has powers to fix flaws in changes enacted to the renewable feed-in law in 2017. These were aimed at cutting future income for new renewable power installations to relieve the burden on consumers…
Saudi Aramco Awards General Dynamics Offshore Security Contract
Saudi Aramco has awarded a contract to the local subsidiary of U.S. company General Dynamics as the state oil giant aims to increase security at its offshore facilities, Saudi Aramco said on Wednesday. Industry sources told Reuters in July the contract involves installing long-range integrated security systems at nine offshore sites in the Gulf. Apart from General Dynamics, Aramco received bids from other defence firms…
CWind Launches German Subsidiary
CWind announced the launch of its wholly-owned subsidiary in Germany. CWind Germany will be headquartered in Hamburg and will be responsible for the sales and marketing of CWind’s services in Germany. The company has also said it has won the license to lease employees under German law, known in Germany as ‘Arbeitnehmerüberlassungslizenz’ and is now in a position to lease employees as third party technicians to German client companies. CWind is building a leading position in the U.K.
Official Opening of Statoil’s Berlin Office
Statoil’s representative office in Berlin was officially opened on 27 November by marketing and trading senior vice president Rune Bjørnson. The opening of the office reflects Statoil’s increased ambitions in the German market. “I am very pleased that Statoil now has established a Berlin office. It marks a further step-up in Statoil’s engagement in Germany. We are looking to take an even more active part in the Germany energy discussion…
German Green Energy Law Clears Final Hurdle
Germany's upper house of parliament, the Bundesrat, approved on Friday revamped legislation on funding renewable energy, clearing the way for the law to come into force on Aug. The far-reaching law, which seeks to cap support payments for renewables without jeopardizing the country's shift towards a low carbon economy, had hung in the balance, after months of negotiations, due to wrangling with European Union authorities over its compatibility with state aid guidelines.
Is Merkel's Green Zeal Turning Brown?
German CO2 emissions up for last two years; medium-term CO2 goals in jeopardy. Use of brown coal rising during nuclear phase-out. Car emissions above EU average in big car economy. For all Angela Merkel's headline-grabbing "green revolution", Germany's image as a world leader on environmental policies is in danger of falling under the shadow of the smoke stack and a cloud of exhaust fumes. Increasing…
Germany: Deal with EU Commission on Renewable Energy Soon
German Economy Minister Sigmar Gabriel said on Monday he was confident Germany would reach an agreement with the European Commission on the renewable energy surcharge by Tuesday. "I am optimistic that this will succeed by tomorrow," Gabriel said. Brussels is looking into whether such industry discounts on surcharges, worth 5.1 billion euros a year, designed to help Germany's transition to renewable energy and paid by all other consumers…
ADM Suspends German Diodiesel Output
U.S. agribusiness giant Archer Daniels Midland Co. is temporarily halting production at its biodiesel plant in Leer in Germany because of uncertainty about the future of biodiesel in the country, it said on Tuesday. The company said it would reassess biodiesel market requirements in the third quarter of this year. Enthusiasm for biofuels in Germany and other European Union countries has waned, with Germany scaling back usage targets in past years.
Siemens Setting up Wind Power Plant in Germany
Siemens is investing around €200 million to a wind turbine manufacturing facility in Cuxhaven, Germany. A few days after announcing this project an official signing ceremony took place at the planned site of the factory. The new production will be located directly at the edge of the harbor and will have a surface area of 170,000 square meters – the size of roughly 24 soccer fields. By mid-2017 the production of nacelles for the next-generation wind turbines D7 is to begin.
German Gas Trading Grows, Euro Hubs Expand
Volumes in H1 up to a third higher than last year; Germany's huge gas storage sites benefit trading. German gas demand also boosts role of Dutch trading hub. FRANKFURT, Sept 23 (Reuters) - Gas trade is growing in Germany in line with a continental European trend which has also boosted growth in the bigger Dutch market, challenging Britain's dominance of the sector. Wholesale natural gas trading volumes in continental Europe have risen sharply in the past years…
Germany May Reduce Coal-Fired Energy to Protect Climate
Germany is considering removing some of its coal plant capacity as part of a raft of new policies to help Europe's biggest economy meet its greenhouse gas emissions goals, a state secretary at the economy ministry said on Wednesday. Chancellor Angela Merkel's cabinet is to decide on Dec. 3 on a programme that is likely to include steps to boost energy efficiency and possibly reduce coal generation…
Spot Up On Colder Weather, Lower Renewables
European spot power prices rose on Friday, on forecasts for a drop in renewable power production and colder weather in Germany which boosted electricity demand expectations. German baseload (24 hours) power for delivery on Wednesday rose 6.9 euros to 42.25 euros ($53.9) per megawatt-hour (MWh). The equivalent French contract was 50 cents up at 47.25 euros per MWh. Wind power production was expected to drop by 780 MW in Germany between Tuesday and Wednesday and by 390 MW in France.
Germany Adds 1,723 MW Onshore Wind Capacity
Germany adds 1,723 MW of onshore capacity in Jan-June; BWE/VDMA see 3,300-3,700 MW total 2014 installations. Total end-2014 capacity could be over 37,000 MW. Germany added 1,723 megawatts (MW) of onshore wind power capacity in the first half of 2014, bringing the installed total at the end of June to 35,389 megawatts (MW), engineering association VDMA and wind industry group BWE said on Tuesday.
Germany Wants Robust Single Energy Market
Europe's energy union needs to be bolstered by EU laws binding on each nation, Germany said in a policy paper seen by Reuters that sets it at odds with Britain. The European Commission, the EU executive, is expected to publish proposals on a more closely-linked single energy market in the coming weeks as part of a drive to curb dependence on Europe's dominant energy supplier Russia. Germany's position…
Shell to Install Hydrogen Vehicle Fuelling Pumps in Germany
Shell will install a nationwide network of hydrogen fuelling pumps at retail sites in Germany from 2016, in an effort to accelerate the growth in Europe of this low-carbon alternative transport fuel. Shell, which opened its first hydrogen fuel station in Germany in 2011, has signed a declaration of intent with its H2 Mobility Germany joint venture partners and Germany’s federal transport minister, Alexander Dobrindt.
GE Interested in German Offshore Wind, Eastern Europe
General Electric, fresh from taking on the offshore wind business of rival Alstom, is positioning itself in Germany's expanding offshore wind sector and looking at eastern Europe. "German offshore wind has become very important for us," Carlos Haertel, chief executive for GE Germany & Austria, told Reuters in an interview. "Onshore wind in eastern Europe and the Balkan countries is currently interesting, especially in Poland and Romania," he said.
Austrian Power Prices to Rise if Separated From German Market
The head of Austria's energy regulator said he is concerned about likely price rises if the European energy watchdog ACER decides next month to separate Austrian and German power markets, which have been bundled together since 2002. "We would appeal against this if they decide this plan," the head of Austria's E-Control, Wolfgang Urbantschitsch, told reporters on Tuesday, adding he expected prices to rise "noticeably" in Austria.