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Axpo signs Serbia’s first long-term PPA for 105 MW of wind powerPhoto: Interenergo

Axpo signs Serbia’s first long-term PPA for 105 MW of wind power

February 3, 2023 | Maja Žuvela
Electricity | Renewables | Economy | En.vision

Swiss utility Axpo has signed a debut 10-year power purchase agreement (PPA) in Serbia with the developers of a 105 MW wind farm to be built in the eastern Krivaca region, it announced on Friday....


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German Cal 24 gains EUR 5 amid rising gas, CO2 pricesPhoto: ACER

German Cal 24 gains EUR 5 amid rising gas, CO2 prices

February 3, 2023 | Isaac Bah, Montel
Electricity

Germany’s benchmark power contract for delivery next year rose more than EUR 5 on Friday, tracking higher prices in the gas and carbon markets and reacting to a technical correction from Thursday’s losses....


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Front gas rises 2% on cooler outlookPhoto: TAP AG

Front gas rises 2% on cooler outlook

February 3, 2023 | Julia Demirdag, Montel

European gas prices rebounded on Friday as the temperature outlook for next week flipped to below the norm, after slightly warmer weather had been forecast on Thursday....


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EUAs jump 7% ahead of looming compliance deadlinePhoto: Roman Peklaj

EUAs jump 7% ahead of looming compliance deadline

February 3, 2023 | Rachael Burnett, Montel
CO2 emissions

European prices gained almost 7% for the second consecutive bullish week on technicals and hedging ahead of April’s compliance deadline....


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Sege eyes construction of 150 MW solar farm in western KosovoPhoto: Montel

Sege eyes construction of 150 MW solar farm in western Kosovo

February 3, 2023 | Montel
Electricity | Renewables

The Kosovo-based company Solar Energy Group Europe (Sege), a subsidiary of the Rockland Group, has applied for a construction licence for a 150 MW solar farm in western Kosovo which will cost almost EUR 100m....


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Long-awaited Croatian renewables regulation expected soonPhoto: Montel

Long-awaited Croatian renewables regulation expected soon

February 3, 2023 | Dalibor Dobric
Electricity | Renewables | Energy policy

An energy approval ordinance for renewables projects will enter its public debate phase during February, economy ministry officials told investors at a meeting in the Croatian Chamber of Commerce (HGK) this week....


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Russian gas flows to Europe will rise 3% todayPhoto: Gazprom

Russian gas flows to Europe will rise 3% today

February 3, 2023 | Marcin Czekanski, Montel

Russia will export roughly 49mcm of gas to Europe on Friday, up 3% from Thursday’s levels, pipeline operator data showed....


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Oil prices fall amid continued economic growth concernsPhoto: Montel

Oil prices fall amid continued economic growth concerns

February 3, 2023 | Robin Newbold, Montel
Oil and oil derivates | Economy

Oil prices were falling on Friday amid economic growth concerns, with yesterday’s upside momentum fading....


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German Cal 24 drops 2% after hitting 2-week highPhoto: ACER

German Cal 24 drops 2% after hitting 2-week high

February 2, 2023 | Niels C Sorrells, Montel
Electricity

Germany’s benchmark front-year power contract hit a two-week high above EUR 190/MWh on Thursday before retreating amid a lack of signals from other markets to lose 2% on the day....


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Gas prices fall as temperature forecasts revised upPhoto: TAP AG

Gas prices fall as temperature forecasts revised up

February 2, 2023 | Marcin Czekanski, Montel

European front-month gas prices were falling on Thursday with chances of a cold spell next week fading as temperatures were revised up....


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