European spot electricity prices for Wednesday delivery fell on Tuesday on an expected jump in German wind power production as well as falling demand in France and Germany as temperatures continue to rise.
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WARSAW/BRUSSELS (Reuters) - Poland’s biggest power producer PGE confirmed a deal on Wednesday to develop offshore wind farms with Denmark’s Orsted in another sign the country reliant on coal is fast becoming a hot destination for renewable energy investors.
FILE PHOTO: General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain September 5, 2018. REUTERS/Phil Noble/File Photo
Poland was the only EU member not to commit to climate neutrality by 2050 when the bloc set the target in 2019 and the government has long courted political support from interests in coal, which provides more than 70% of the country’s power.
European spot electricity prices on Monday fell for the day-ahead as French demand is expected to ease and average temperatures are forecast to rise in France and Germany.
Energy Transfer LP said on Thursday it had created a new business to ramp up efforts to develop alternative energy projects, as the pipeline operator aims to reduce its carbon footprint.