South Africa's $5.8 billion Project Aims to Produce Low-Cast Green Ammonia
A $5.8 billion project on South Africa's east coast seeks to use the country's infrastructure and cheap renewable power to make some of the world's cheapest green ammonia for clients in Europe and Asia, an executive said.South Africa is vying with other African nations, including Egypt, Morocco and Namibia, to meet rising demand in the European Union and Asi
Poland's PGE will spend $63.8 billion in new strategy
PGE, Poland's largest utility, plans to invest 235 billion Zlotys (63.80 billion dollars) by 2035. It will focus on renewables and gas-fired plants as well as energy storage. PGE's core profit is expected to increase from 11 billion Zlotys (in 2024) to 17 billion Zlotys (in 2030) and 30 billion Zlotys (2035), as a result.
German utility RWE announces partnership with tech giant Amazon
The German utility RWE announced on Thursday a strategic framework deal with tech giant Amazon, in which the utility will deliver clean energy and receive cloud services in exchange. Cloud services include artificial intelligence and data analysis in exchange for electricity provided by RWE's solar and wind facilities.
Prices of EUROPE Gases rise slightly due to expected weakening in wind output
The Dutch and British wholesale prices of gas rose slightly Thursday morning, as the wind output was expected decrease. Also, LNG send-out decreased. According to LSEG, the benchmark Dutch front-month contract for the TTF hub increased by 0.15 euros to 35.95 Euro per megawatt hour at 0837 GMT. The price of August increased by 0.04 euros to 36.19 euro/MWh.
French up on demand impulse, German spot on more wind.
On Thursday, European spot power prices were mixed. Germany was down due to wind power additions, and France was up due to rising local demand. Future delivery contracts didn't trade after a day that saw nuclear power gains. In a research report, LSEG analyst Guro-Marie Wyller stated that "wind power output will increase in Germany tomorrow…
South Africa's Hive project, worth $5.8 billion, aims to be the leader in low-cost ammonia production
An executive revealed that a $5.8 billion South African project located on the east coast aims to use cheap renewable energy and the country's infrastructure to produce some of the cheapest green ammonia in the world for clients from Europe and Asia. South Africa competes with other African nations including Egypt…
World Bank will end nuclear energy ban, but still debate upstream gas
Ajay Banaga, president of the World Bank, said that its board had agreed to lift a ban on financing nuclear energy projects for developing countries. This is part of an effort to meet the growing demand for electricity. Banga sent an email outlining the bank's new energy strategy to its staff…
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 EDF spokesperson confirmed…
White House aide: US Energy Loan Office should fund oil and gas
A White House aide stated on Tuesday that the U.S. Energy Department loan office should finance oil and gas infrastructure. Jarrod Agen said, "One of our biggest problems is that the loan program office was used in the past for many of these renewable energy projects" at a Politico Energy conference.
NextEra CEO: Renewables are needed to bridge the gap between expanding gas power and increasing renewables
NextEra CEO John Ketchum said on Tuesday that renewable energy sources such as wind and solar power will be needed to meet the rapidly increasing energy demand in America, despite near-term challenges to increasing natural gas capacities. At the Politico Energy Summit, the head of Florida's…
India extends waiver on transmission charges for energy storage projects to June 2028
The power ministry announced on Tuesday that India will waive all inter-state transmission fees for projects involving electricity storage until June 2028. This is in response to the country's ambitious goals of boosting energy storage and achieving its clean energy targets. Power producers are paid by purchasers, who are typically distribution companies.
Demand for wind turbines in Germany is returning, despite a lower supply.
The European wholesale electricity price rose on Tuesday, as the demand increased from its low level during the Monday holiday. LSEG's analysis predicted that Germany will be an importer in the near future, but noted on the negative side the fact that solar and coal energy volumes would increase.
Shanghai's solar conference focuses on losses and pricing reform
The mood will likely be subdued when the largest solar energy conference in the world kicks off on Tuesday in Shanghai, as Chinese solar panel manufacturers grapple with the oversupply of panels and price reforms. The majority of solar farms in the world are powered by modules and cells made in China.
Prices for gas in Europe are little changed despite maintenance in Norway and higher wind forecast
Dutch and British wholesale prices of gas were not much different on Monday morning. The gas balance was tightened due to maintenance in Norway but higher wind output is forecast. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub fell by 0.12 euro to 36.15 Euro per megawatt hour at 0844 GMT.
French spot prices rise with return of demand
On Tuesday, the French baseload electricity prices are expected to increase as demand is expected to return after both countries have returned from their Monday holidays. LSEG data shows that the French baseload electricity price for Tuesday at 0828 GMT was 30 euros ($34.30 per megawatt-hour (MWh), up 27.7% compared to last Monday.
The US solar energy market will slow down as Washington shifts its priorities
A report released on Monday by the top solar trade association predicts that the number of new solar energy installations in the United States will decline over the next five-year period as the industry struggles with a federal policy shift favoring fossil fuels and tariffs. According to…
The power demand forecasts are lower than expected on Mondays
German and French spot rates were not traded on Friday morning, but the demand for wind power is expected to be reduced due to the dual holidays. LSEG data shows that the German and French Monday basisload power contracts had not been traded by 847 GMT. LSEG analyst Florine Engl stated that…
Where is the money that the EU promised to workers in order to go green
The latest data available from the European Commission shows that the EU member states spent only EUR735 millions ($840 million US), the total amount of the fund, between March 2021 and March 2025. The Just Transition Fund is failing to provide adequate assistance for workers who are out of work, said Ciaran Mulooly.
The price of gas in Europe is rising due to maintenance work done by the Norwegians and a lower wind forecast
The wholesale gas prices in the Netherlands and Britain rose on Thursday, supported by continued maintenance in Norway and forecasts for lower wind output. Meanwhile, the market is monitoring developments between Russia and Ukraine. LSEG data shows that the benchmark Dutch front-month contract…
The IEA predicts that global energy investment will reach a record $3,3 trillion by 2025.
The International Energy Agency (IEA), said Thursday, that despite geopolitical tensions and economic uncertainty, a surge in clean energy expenditure is expected to lead to a record $2.89 trillion in global energy investments in 2025. The IEA's annual World Energy Investment Report stated that clean energy technologies such as renewables…
