The European Energy Exchange (EEX) said on Tuesday its Phelix-DE power contract for Germany is fast becoming the new benchmark product for German power trading 49 terawatt hour (TWh) since its launch in April, Kallanish Energy learns from the company.
U.S.’s industrial conglomerate GE said Thursday it build its first wind farm in Australia’s Queensland, through a deal with local energy firm AGL Energy to supply 123 turbines and service the project for 25 years.
Analysts at India Ratings (Ind-Ra), a Fitch Group company, believe low solar bids have little financial buffers to face challenges such as cost overrun, increased interest rate and counterparty delays, but robust capacity additions, nevertheless, will continue.
Germany’s electricity regulator Bundesnetzagetur, also known as the Federal Network Agency, has released the details of the country’s second onshore wind power auction, in which 1,013 megawatts (MW) were awarded.
Brazilian development bank BNDES has granted its first-ever financing facility for a solar photovoltaic (PV) power generation project, approving some BRL 529 million ($163 million) in funds for the Pirapora I project, Kallanish Energy learns.
ACWA Power, a power generation developer owned by eight Saudi conglomerates, said Tuesday it has signed a power purchase agreement with the government of Egypt for three solar photovoltaic (PV) power plants.
Japanese conglomerate Hitachi is pressing ahead with its UK nuclear power plant project, as its wholly-subsidiary Horizon Nuclear Power holds a series of events in August amid public consultation on the construction of Wylfa Newydd.