France’s energy ministry granted last week contracts to 79 winners in its first round of large-scale solar photovoltaic power plants, which account for a total of 500 megawatts capacity, Kallanish Energy learns.
European spot power prices for day-ahead delivery were blown down by a forecast that wind power generation would increase significantly in Germany on Friday, while consumption is expected to fall due to milder temperatures.
Norway’s state-run oil and gas firm Petoro said Wednesday that this year’s European demand for natural gas is likely to be in line with 2016 levels, while prices are expected to remain under pressure, Kallanish Energy learns.
Germany’s utility group E.ON reported on Wednesday its worst-ever net loss in 2016, which amounted to €16 billion ($17.1 billion), as the company was “freed from past burdens” related to its fossil fuels conventional business, Kallanish Energy learns.
After facing numerous structural challenges amid a “very difficult” economic, policy and regulatory environment, Germany’s E.ON announced on Wednesday its plans to reduce net debt by roughly €7 billion ($7.5 billion) in the medium term.
Planning officers at the UK’s Nottinghamshire County Council recommended on Monday the approval of a planning application submitted by Dart Energy for exploratory drilling in the East Midlands of England, Kallanish Energy reports.