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.
3 Min Read
PARIS, Feb 10 (Reuters) - Offshore wind investments in the European Union and Britain in 2020 were more than double the level projected at the start of the year and should continue to grow in 2021, an industry group said on Wednesday.
The record 26.3 billion euros ($31.9 billion) invested in offshore wind projects in Europe last year was a figure not expected until 2025, Guy Brindley, financial analyst at Wind Europe, said.
“The investments we saw in 2020 were a lot higher than what we were expecting for the required build-out at this stage, so it is a very positive number,” Brindley said.
Final investment decisions late in the year for projects like the Dogger Bank wind farm in the Netherlands boosted the final tally. Only around 10 to 15 offshore wind farm investment transactions a year are approved.
2/5/2021
By Forrest Crellin
PARIS, Feb 5 (Reuters) - French soft wheat shipments outside
the European Union in January fell for the second month in a row
as loadings for China dropped after a strong first half of the
season, an initial estimate based on Refinitiv data showed.
Soft wheat exports by sea to destinations outside the EU and
Britain came to 561,000 tonnes in January, the seventh month of
the 2020/21 season. That was below the 797,000 tonnes recorded
in December and the season s high of 877,000 tonnes in November.
Last month s volume also marked the lowest soft wheat
shipments outside the EU for a January since 2016/17, the
By Reuters Staff
2 Min Read
PARIS, Feb 4 (Reuters) - European prompt electricity prices gained on Thursday on lower demand ahead of the weekend. German baseload power for the day ahead ticked up 2.2% to 51.10 euros ($61.25) per megawatt hour (MWh) at 0932 GMT. The equivalent French contract added 4% to 51.75 euros. Paris-based European spot power exchange Epex Spot traded 53.8 TWh on its day-ahead and intraday power markets in January, 2.1% more than a year earlier. Of the January total, the French day-ahead segment traded a new monthly record of 11.7 GWh, 11.3% up on the same month last year. Consumption in Germany is forecast to ease by 670 megawatts (MW) on Friday to stand at 62.8 gigawatts (GW).
By Reuters Staff
2 Min Read
PARIS, Feb 3 (Reuters) - European spot electricity prices for Monday delivery rose on Wednesday as power generation from wind turbines is expected to decrease in Germany and France. German baseload power for Thursday added 10.9% to 50.20 euros ($60.32) per megawatt hour (MWh) by 1024 GMT. The equivalent French contract jumped 20.8% to 50 euros/MWh. German wind power is set to fall 6 gigawatts (GW) on Thursday to 16.8 GW, Refinitiv Eikon data showed. French wind power is expected to tumble 5.5 GW to 3.2 GW, the data showed. French nuclear availability was unchanged at 84.1% of maximum capacity. The restart date for the Gravelines 3 reactor was pushed back two days until Feb. 7.