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Prices drop due to falling demand and temperature increases
The European power price fell on Wednesday, as the consumption is expected to drop sharply due to rising temperatures. LSEG's analysis showed that German exports of power were down, while the availability of thermal power stations was not significantly different. LSEG data shows that…
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First Solar launches legal action against JinkoSolar for forecasting higher sales in 2025
First Solar, a solar panel manufacturer, forecasted higher sales for the current year and reported a rise of its fourth-quarter profits on Tuesday. It also announced that it had taken legal action against JinkoSolar over patent infringement. Extended trading saw shares up by 3.8% to $153.00.
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Chinese Competition regulator meets with Mercedes-Benz, Alibaba
The State Administration for Market Regulation, SAMR, announced on Wednesday that China's regulator of the market held a seminar on fair competition, with representatives from seven companies. These included Alibaba and LONGi. The statement stated that the executives who attended the symposium on February 2nd discussed the market…
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Morocco approves green hydrogen projects worth $32.5 bln
The Moroccan government's green hydrogen committee approved projects worth 319 billion dirhams (32.5 billion dollars) on Thursday. These projects aim to produce ammonia and steel, as well as industrial fuel. The Moroccan committee selected Ortus of the United States, Acciona from Spain and Nordex from Germany to produce green ammonia.
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Vestas: US Import tariffs Will Raise Domestic Electricity Prices
President Donald Trump's import tariffs will ultimately result in higher electricity prices for U.S. consumers, wind turbine maker Vestas warned on Tuesday, adding it could not absorb the extra costs.Wind turbines include components and materials sourced globally, making the sector…
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US tariffs and Europe's slowdown change global solar panel trade
Trade data revealed that solar panel manufacturers in Laos, Indonesia and Cambodia, which are mostly owned by Chinese companies…
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Republican US lawmakers support IRA energy tax credit
Republican U.S. legislators sent a letter on Thursday to the chair of the House Ways and Means Committee expressing their…
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Enel to focus on buyback of shares after strong Q1
Enel's management stated on Thursday that it is focused on introducing an share buyback program and negotiating a renewal…
Latest news
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Wind energy company EDPR expects its core recurring profits to rise 13% by 2025
EDP? EDP? Portugal's EDP, the renewables division of EDP, announced earlier that it had a net loss for its first quarter…
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Document: Mali is pressed to pay an 'enormous debt' for a regional dam
A letter obtained by reveals that Mali owes over $94 million to an entity which manages a dam, which provides electricity to Senegal…
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Coal India will invest $3 billion in clean energy projects for a boost to renewables
Coal India said it would set up clean energy project of around 4.5 gigawatts for a cost 250 billion rupees ($3 billion) as…
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Palm prices end higher due to strong buying activity
After seven sessions of losses, palm oil futures in Malaysia closed higher Thursday. They had fallen to their lowest level since September.
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Norwegian utility Statkraft halts new green hydrogen developments
Statkraft, Norway's largest utility and state-owned company, announced on Thursday that it had stopped developing green hydrogen…
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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.
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Wind energy company EDPR's profits fall 24% despite high revenues
EDP Renovaveis (the world's fourth-largest wind energy producer) announced on Thursday that its first-quarter profit had…
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Wind energy company EDPR's profits fall 24% despite high revenues
EDP Renovaveis (the world's fourth-largest wind energy producer) announced on Thursday that its first quarter net profits…
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US tariffs and Europe's slowdown change global solar panel trade
Trade data revealed that solar panel manufacturers in Laos, Indonesia and Cambodia, which are mostly owned by Chinese companies…
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Bunge reports Q1 profit beating as uncertainty over tariffs fuels demand
Bunge Global, a grain trader and processor, posted a lower-than-expected first quarter profit decline on Wednesday due to increased export demand.
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Palmettos end lower due to production growth and lacklustre demand
Malaysian palm oil futures fell for the seventh consecutive session on Wednesday and reached their lowest level since September…
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India relaxes rules on coal supply to increase power generation capacity
India changed its rules on Wednesday to allow independent power producers to sign long-term contracts to supply coal to the country.
Solar
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Report: Solar power will account for 84% of the new US electricity added in 2024.
A report released on Tuesday stated that solar energy contributed 84% of the new electricity generation capacity to the U.S. grid in the past year.
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Chinese Competition regulator meets with Mercedes-Benz, Alibaba
The State Administration for Market Regulation, SAMR, announced on Wednesday that China's regulator of the market held a seminar on fair competition…
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First Solar launches legal action against JinkoSolar for forecasting higher sales in 2025
First Solar, a solar panel manufacturer, forecasted higher sales for the current year and reported a rise of its fourth-quarter profits on Tuesday.
