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Chinese European Energy News

Category: Europe (page 1 of 7)

Weekend and 1st of May result in record low electricity prices

The price for base load delivery of power was -24.27 EUR/MWh on Monday, 1st of May, its lowest value for 52 months. The reason for this price is low demand combined with high wind feed-in. On both Sunday and Monday, the price for peak load was below the price for base load.
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The end of coal in the EU – at least partly

Sun ries behind coal power station ( Credit: Phil Noble/Reuters ) Eurelectric, the European association of the electricity sector, has decided by a large majority that its members will not build new coal-fired power plants from 2020 onwards. However climate protection goals can only be achieved by decommissioning coal-fired power plants.
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Profitability of non-subsidized offshore wind farms

Projekt Meerwind SÜD | OST (WIND MW) 1380 MW offshore wind power plants forego state subsidies. According to the experts at Energy Brainpool, the average revenue for non-subsidized offshore wind farms will grow from around 53 EUR/MWh in 2025 to around 76 EUR/MWh in 2035.
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Offshore tender in Germany: Average remuneration rate of only 0.44 cent/kWh

Projekt Meerwind SÜD | OST (WIND MW) The first tender for offshore wind power in Germany ended with a surprising result. The weighted average mean of the price in the auction was 0.44 cent, the lowest bids with 0 cent/kWh and the highest with 6 cent/kWh.
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Germany’s CO2-emissions: Between ambition and reality

Sun ries behind coal power station ( Credit: Phil Noble/Reuters ) Total greenhouse gas emissions of Germany in 2016 rose by 4 million tons compared to 2015. The reduction target for emissions of 40 percent by 2020 will not be attainable with current measures. An annual decline of 40 million tons until 2020 would be necessary to achieve the target.
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Addition of 8.4 GW of new wind power until 2018 in Germany

strom-2030 (© istockphoto.com/NI QIN) With 8840 MW of wind power successfully approved by the end of 2016, this capacity could still be remunerated through the regular and fixed feed-in tariff. Only 5 percent of the approved capacity aims to take part in the tendering procedure.
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European energy transition advances, though slower

In 2016 electricity consumption did not decline further and the investment in new solar and biomass facilities decreased. Due to less electricity generation from coal and more from natural gas, CO2-emissions in Europe went down by 4.5 percent.
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Win-win situation: E-mobility decreases emissions and accelerates expansion of renewables

The switch towards E-mobility in Germany allows for an additional PV and wind capacity addition of 63 GW, as well as an emission reduction in the private transport sector and the power generation by 70 percent.
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The call for a coal exit in Germany is getting louder

Sun ries behind coal power station ( Credit: Phil Noble/Reuters ) Within a short amount of time the Green party, the German Federal Environmental Protection Agency and the WWF have expressed the opinion that the phase out of coal energy should begin soon. Different groups and players have said and proven with scientific papers that without an ambitious plan to get rid of coal as a source of energy Germany’s climate goals cannot be fulfilled.
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Dreaming of the copper plate: How physics and power trading diverge

Power-poles Germany as a central hub of the European power trading is a net electricity exporter. A detailed analysis however reveals pronounced differences between Germany’s electrical neighbors, as well as between commercial schedules for power trade and actual physical power flows in the grid.
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Development of negative power prices in Germany

The number of negative spot market prices for electricity decreased in 2016. However, the price level of negative hours has simultaneously been dropping down further.
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E-Mobility and the Blockchain: The „Car eWallet“

Innogy Innovation Hub, the bank UBS and the automotive supplier ZF want to simplify the payment procedures for electric cars at charging stations with their new development: The payment system “Car eWallet”. The three companies use blockchain technology for this new system.
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