Eamon Farhat

1 week ago | bloomberg.com | Eamon Farhat

(Bloomberg) -- Ireland became the latest European country to put an end to coal-fired power generation, with Spain and Italy set to follow soon. The last coal plant in the country has officially closed in County Clare, after more than 40 years in operation, state utility ESB said in a statement. Also this year, Italy will shut two major stations, and Spain’s remaining ones will be decommissioned or transformed into gas plants, according to nonprofit Beyond Fossil Fuels.

1 week ago | financialpost.com | Eamon Farhat

Advertisement 1Hotter weather in Europe this summer risks driving up demand while causing output from hydropower and nuclear plants to fall, according to research firm Energy Aspects. Article content(Bloomberg) — Hotter weather in Europe this summer risks driving up demand while causing output from hydropower and nuclear plants to fall, according to research firm Energy Aspects.

1 week ago | bloomberg.com | Eamon Farhat

Air conditioning units in Seville, Spain. Photographer: Marcelo del Pozo/Bloomberg(Bloomberg) -- Hotter weather in Europe this summer risks driving up demand while causing output from hydropower and nuclear plants to fall, according to research firm Energy Aspects. Higher-than-usual temperatures across western Europe next month could add about 3 gigawatts of extra demand, it said, while generation from hydro and nuclear power is expected to take a hit of a similar dimension.

1 week ago | bloomberg.com | Eamon Farhat

Extreme heat in Madrid, June 16. (Bloomberg) -- Increasing power demand to cool homes in Spain is putting pressure on energy prices after the country’s grid boosted its reliance on gas generation in the wake of a massive blackout. The output of Spanish gas-fired power plants has jumped 58% since the April 28 nationwide outage, according to data from Entso-E.

1 week ago | bloomberg.com | Lars Paulsson |William Mathis |Eamon Farhat

Vor mehr als einem Jahrzehnt verließ Daken Engmann den Stromhandel bei JPMorgan, um auf einer 53 Hektar großen Farm in den Wicklow Mountains südlich von Dublin Bio-Rinder zu züchten. Nun kehrt er zurück — getrieben vom Boom der erneuerbaren Energien, der die Strommärkte in Europa kräftig durchrüttelt. Mit einem Masterstudium in Ökonometrie bereitet sich Engmann auf ein Umfeld vor, das sich von früheren Jahren deutlich unterscheidet.