Electrical transmission networks (TSOs) in Germany said they mastered a solar eclipse around midday on Thursday across northern Europe and related fall in solar power output without problems, having prepared for the event months in advance.
China has sent officials to inspect coal inventories and crack down on illicit hoarding at ports, following a surge of physical coal prices and tight supplies in the market ahead of the peak consumption season.
Japan's biggest oil refiner Eneos Holdings and trading house Sojitz Corp said on Thursday they will build a 204 megawatts (MW) solar power farm in Queensland, Australia.
By Reuters Staff
2 Min Read
OSLO (Reuters) - Norway will start testing on June 15 its first power interconnector with Britain, North Sea Link (NSL), Norwegian transmission system operator Statnett said on Tuesday.
The testing of the cable follows the opening last month of Norway’s first direct power link to Germany, the 1,400 MW NordLink interconnector.
Both Germany and Britain aim to benefit from Norway’s vast hydropower resources to help to balance their intermittent wind power, while Norway can import cheap surplus renewable energy to save water in its hydropower reservoirs. Norway’s electricity is almost all hydropower based.
Norway is already connected to the Netherlands via the 700 megawatt (MW) subsea interconnector NordNed and to Denmark through the Skagerrak connection.
By Reuters Staff
2 Min Read
BRASILIA (Reuters) - Brazil’s worst drought in almost a century has driven up spot electricity prices 40% this year, raising costs for large industrial consumers which negotiate directly with supplies, electric market executives said.
Energy contracts for the second half of this year and for 2022 have soared, along with a jump in spot prices used in short-term operations that could reach the maximum of the regulatory ceiling in the coming months, they told Reuters.
This could result in a sharp increase in costs for large industries that have not signed contracts in advance to meet all their energy demand, the experts added.