-
1 week ago | 
bloomberg.com | Ruth Liao |Eva Brendel |Stephen Stapczynski
Pipework inside the Oresundsverket natural gas-fired power plant, operated by Uniper SE, in Malmo, Sweden, on Thursday, March 13, 2024. The mothballed power plant was set to be dismantled but now the Swedish grid operator wants the facility operational again as the war in Ukraine has upended Sweden's defense policy and is forcing a rethink of energy security plans. Photographer: Carsten Snejbjerg/Bloomberg(Bloomberg) -- Uniper SE signed a 13-year deal with Woodside Energy Group Ltd.
-
1 week ago | 
bloomberg.com | Eva Brendel |Joe Wertz
While the dust’s behavior and impact on energy generation is hard to predict, forecasts show German solar output dropping from over 36 gigawatts on Wednesday to below 25 gigawatts on Thursday. (Bloomberg) -- A plume of Saharan dust is set to curb solar generation in parts of central and southern Europe in the coming days, supporting power prices.
-
1 week ago | 
energyconnects.com | Lars Paulsson |Francois de Beaupuy |Eva Brendel |Eamon Farhat
The days have only just started to get longer, but renewables output is already so strong that it’s forcing Europe’s nuclear reactors to make costly adjustments. Solar is set to flood the region’s grid and send power prices plunging in the coming months, forcing atomic plants to dial back.
-
1 week ago | 
bloomberg.com | Lars Paulsson |Francois de Beaupuy |Eva Brendel |Eamon Farhat
In France 70% of electricity still comes from 57 atomic reactors. (Bloomberg) -- The days have only just started to get longer, but renewables output is already so strong that it’s forcing Europe’s nuclear reactors to make costly adjustments. Solar is set to flood the region’s grid and send power prices plunging in the coming months, forcing atomic plants to dial back.
-
2 weeks ago | 
news.bloombergtax.com | Priscila Azevedo Rocha |Eva Brendel
European natural gas prices erased an earlier jump as traders digested Donald Trump’s 90-day pause on tariffs, signaling persistent concerns that the unfolding trade war will hurt the economy and global energy demand. Benchmark futures hovered below €34 a megawatt-hour on Thursday afternoon, wiping out the morning’s 8% advance that came on the back of Trump’s tariff pause. They’re still trading about 18% lower since Trump’s initial announcement last week.
-
2 weeks ago | 
news.bloomberglaw.com | Priscila Azevedo Rocha |Eva Brendel
European natural gas prices erased an earlier jump as traders digested Donald Trump’s 90-day pause on tariffs, signaling persistent concerns that the unfolding trade war will hurt the economy and global energy demand. Benchmark futures hovered below €34 a megawatt-hour on Thursday afternoon, wiping out the morning’s 8% advance that came on the back of Trump’s tariff pause. They’re still trading about 18% lower since Trump’s initial announcement last week.
-
2 weeks ago | 
bloomberg.com | Eva Brendel |Lars Paulsson
Commodity traders thrive on volatility and high prices. (Bloomberg) -- Danske Commodities A/S said profit plunged by almost 50% last year as mounting geopolitical risks made Europe’s natural gas market hard to trade. Adjusted earnings before taxes sank to €186 million ($204 million) from €359 million a year earlier, according to the Danish firm, a unit of Norway’s Equinor ASA.
-
2 weeks ago | 
bloomberg.com | Priscila Azevedo Rocha |Eva Brendel
A gas storage Facility in Muhldorf, Germany. Photographer: Krisztian Bocsi/Bloomberg(Bloomberg) -- European natural gas prices erased an earlier jump as traders digested Donald Trump’s 90-day pause on tariffs, signaling persistent concerns that the unfolding trade war will hurt the economy and global energy demand. Benchmark futures hovered below €34 a megawatt-hour on Thursday afternoon, wiping out the morning’s 8% advance that came on the back of Trump’s tariff pause.
-
3 weeks ago | 
financialpost.com | Eva Brendel
Germany’s ambitious plans to ramp up defense and infrastructure spending will drive “major pivot” in power demand during the next few years, according to Goldman Sachs Group Inc. (Bloomberg) — Germany’s ambitious plans to ramp up defense and infrastructure spending will drive “major pivot” in power demand during the next few years, according to Goldman Sachs Group Inc.
-
3 weeks ago | 
bloomberg.com | Eva Brendel
Germany’s ambitious plans to ramp up defense and infrastructure spending will drive “major pivot” in power demand during the next few years, according to Goldman Sachs Group Inc. The country’s recently approved fiscal stimulus could trigger up to €2 trillion in investments over ten years, analysts led by Alberto Gandolfi wrote in a report.
