DTE Energy increases its five-year plan to spend $6.5 billion on data centers power demand
Oct 30 – DTE Energy raised its capital investment plan for the next five years by $6.5 billion. This was due to an increase in electricity demand by data centers, and to efforts to modernize utility assets. DTE's third-quarter profits also exceeded Wall Street expectations thanks to higher revenues from its electric division.
Havells led funding round secures $171 Million for India's Goldi Solar
Goldi Solar, India's largest manufacturer of solar modules, announced on Wednesday that it had raised $142,1,000,000 ($171,000,000) in growth capital, led by the electrical equipment giant Havells India. Shahi Exports and SRF Transnational Holdings are among the high-net worth individuals and companies that invested in this round.
Blueleaf Energy India Plans to Receive $75 Million from UK Development Finance Body
British International Investment, the UK's Development Finance Institution, announced on Wednesday that it would invest 75 million dollars to help Blueleaf Energy expand in India, a renewable energy platform owned by Macquarie Asset Management. The funds are intended to speed up the deployment of clean energy in Asia.
German wind downturn boosts spot prices
The European immediate prices were lifted on Tuesday by the expectation of a sharp decline in German wind energy generation. This will turn the country into an importer the next day. The German signal is positive. LSEG analyst Xiulan Xiulan said that wind supply has decreased significantly. He also cited rising German demand.
A2A CEO: Milan's data center capacity will increase tenfold within five years
The Chief Executive of A2A, an energy group, said that data centres in the financial capital of Italy, Milan, are expected to increase their capacity by around two gigawatts over the next five-year period, which is a tenfold rise from the current levels. A2A, a utility that will provide the electricity needed…
India announces $77 billion hydroplan as China builds upstream Dam
Central Electricity Authority, India's power planning agency, has developed a transmission plan worth 6.4 trillion rupees (77 billion dollars) to move over 76 gigawatts in hydroelectric capacity out of the Brahmaputra Basin by 2047. This is to meet the rising demand for electricity.
EDP accelerates solar and battery projects in Australia following government awards
The Portuguese utility EDP said that it expects to speed up its solar and storage battery projects in Australia, after receiving government awards for revenue generation over the long term. EDP Renewables Australia, a subsidiary of EDP, was awarded two generation revenue schemes through the government's Capacity Investment Scheme.
German spot contracts rise on low wind output
The German spot electricity price increased on Tuesday, amid expectations that wind power production would increase slightly. However, levels will still remain below the seasonal averages. Analysts at Engie Energy Scan said that low wind generation was supporting prices across North-West Europe, except in France.
German and French spot price diverge
On Tuesday, wholesale prompt power prices on Europe's major markets diverged with Germany down and France up. "The signal is negative for Germany." In a note about the day to come, LSEG analyst Xiulan said that wind supply would show a constant upward trend throughout the day. He also predicted a fall in French generation.
EUROPE GAS - European prices flatten as market searches for impetus
Dutch and British gas rates traded sideways on Monday morning in the absence news that would have influenced either direction. However, cooler weather with less wind is expected to support prices. LSEG data shows that the benchmark Dutch front-month contract was 32.31 euros per Megawatt Hour (MWh) or $11.14/mmBtu at 0834 GMT.
Report: Nuclear projects slow down after record-breaking output in 2024
The World Nuclear Industry Status Report released on Monday said that the record-breaking level of nuclear power production in 2024 would be difficult to maintain due to the lack of investment required, aging plants, and disruptions to projects. Various countries are re…
French price increases prompt but strike has little impact
The wholesale European power prices increased on Thursday, as a result of a strike in France that removed some nuclear power from the market. However, a decrease in German wind energy generation was more significant. The signal for Germany is positive. In a day-ahead outlook…
China's fossil-fueled power generation in August rose to its highest level in decades
Data and records from the Statistics Bureau showed that China's fossil-fuelled electricity generation in August rose to its highest since at least 1998. This was to compensate for a fall in hydropower production to meet summer demands, according to data. The rise in demand was a result of China's most extreme summer ever…
German spot price Monday is impacted by higher wind supply
On Monday, a surge in wind energy generation in Germany will offset a reduction in solar output to drive down baseload electricity prices. LSEG data shows that the German and French baseload power contracts TRDEBD3,TRFRBD3 had not been traded by 825 GMT Friday. LSEG data…
Spain increases the cap on grid investments through 2030
Sara Aagesen, Energy Minister of Spain, said that the Spanish government intends to raise a limit on how much investment companies can make in electricity grids until 2030. She expects trunk network investments to be worth 15,94 billion euros (13.59 billion euro). The massive blackout in Spain and Portugal that occurred on April 28…
Octopus Energy, a British company, partners with a Chinese wind turbine manufacturer
Octopus Energy, Britain's biggest electricity supplier, has signed a contract with Chinese wind turbine maker Ming Yang Smart Energy. This could lead to the installation of the first Chinese-made turbines in Britain. The UK is trying to increase its renewable energy to meet climate targets…
French spot prices rise as renewables supply declines
The price of French prompt electricity rose dramatically on Thursday, following predictions that renewable energy generation would be reduced. Naser Hashemi, LSEG analyst, said: "A relatively large decline in wind and solar power has offset the slight decrease in consumption.
Italy may struggle to achieve 2030 green goals according to a study
A study released on Saturday showed that Italy may not be able to achieve the carbon emission targets set at EU level because of delays in green transition areas such as renewable energy generation and energy storage. The report prepared by the energy group Edison, and think tank TEHA…
The impact of rising renewable supply on spot prices
On Monday, the price of baseload electricity is expected to fall in Germany due to an increase in wind and solar energy generation. LSEG data shows that the German and French Monday basis power contracts were not traded by 1021 GMT Friday. LSEG data show that the day-ahead…
Spot prices are depressed by the sharp rise in wind energy supply
The European spot electricity prices fell on Tuesday, as the strong growth in German wind energy supply combined with the expected increase in solar power availability outweighed any slight rise in demand. LSEG data revealed that the German contract for day-ahead electricity fell by 42%…