Energy Update
Offshore wind prices have dropped much faster than they were forecast to do. A decade ago, prices as high as 21 cents per kWh were the norm in North Sea offshore wind.
Sept 14 (Reuters) - U.S. crude oil stocks fell last week,
confounding expectations that inventories would rise to make up
for the previous week's drawdown, which was the biggest in 15
years, data from the U.S. Energy Information Administration
showed on Wednesday.
NEW YORK, Sept 14 (Reuters) - Oil prices extended losses on
Wednesday, falling about 2 percent, after data showing large
weekly builds in U.S. petroleum products offset a surprise draw
in crude stockpiles.
COPENHAGEN, Sept 14 (Reuters) - A Danish political watchdog
on Wednesday asked the national audit office to investigate the
role of key parties involved in the share market flotation of
offshore wind farm developer DONG Energy, including
Goldman Sachs.
LIBREVILLE, Sept 14 (Reuters) - The African Union says it
plans to send observers to help Gabon's Constitutional Court
with a legal complaint lodged by opposition leader Jean Ping,
who accuses President Ali Bongo of cheating to secure victory in
an election last month.
As Tesla founder Elon Musk promises to change the world, starting with a giant battery factory in the Nevada desert, investors from Toronto to Tokyo are quietly developing the next-generation technologies that may actually get him there.
PARIS, Sept 14 (Reuters) - France's CGT trade union on
Wednesday urged energy sector workers to join a Sept. 15
nationwide strike against labour reforms which the organisation
has said will curb workers rights and make it easier for
companies fire employees.
The Inter-American Development Bank (IDB) last week said that it will provide $103.4 million in financing to enhance geothermal power and transmission capacity in Nicaragua.
Siemens AG is preparing for a surge in German utility-scale energy storage demand to help balance the renewable power onslaught straining the country’s grid.
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