Renewable Energy

Malaysian palm futures closed higher on Monday for the fifth session in a row, boosted by a stronger Chicago soyoil price and firmer crude prices. The benchmark contract for palm oil delivery in April on the Bursa Derivatives exchange gained 84 Ringgit (1.96%) to close at $4,373 Ringgit ($978.30). In the last four sessions, it has gained 2.36%. Anilkumar bagani, the commodity research director at Mumbai's Sunvin Group, said that crude palm oil futures were up on Friday, following gains in Chicago soyoil contracts. Bagani said that the U.S. president Donald Trump's tariffs against Mexico, Canada, and China have pushed...

German prompt power prices for Monday fell on Friday, pressed by an expected increase in wind power supply throughout Europe and lower demand. German baseload power for Monday was down 3.1% at 71 euros ($ 74.50) per megawatt hour (MWh) by 0951 GMT while the French baseload power agreement for Monday had not traded by that time, LSEG information showed. Week on week the residual load is expected to extend losses in Germany and throughout the region on Monday due to the fact that of greater wind power supply, stated LSEG analyst Riccardo Parviero. German wind power output was anticipated...

Shell's head of downstream and renewables Huibert Vigeveno will step down after Thirty years with the energy major and be changed by expert Machteld de Haan, the company said on Thursday. De Haan, who signed up with Shell in 1998 and has been executive vice president of Shell's chemicals and products organization considering that 2023, will take on the function on April 1. Shell likewise stated that head of trading Andrew Smith, who formerly reported straight to Vigeveno, will be designated director and join the executive committee together with de Haan, in a sign of the growing significance of oil,...

Solar power surpassed coal in the European Union's electrical energy mix for the very first time last year, while wind power's share plateaued, data from energy think tank Ember revealed on Thursday. The EU is seeking to increase its renewable power generation as part of efforts to cut emissions and reach its environment targets in addition to cutting its reliance on fossil fuel imports to assist enhance energy security. Solar generation supplied 11% of the EU's electrical energy mix in 2024, up from 9.3% in 2023 and overtaking coal which was up to less than 10% for the very first...

India's palm oil imports in December plunged 41% from a month previously to a ninemonth low, as a rally in prices to a 21/2year high triggered refiners to increase purchases of rival soyoil readily available at a discount, a leading trade body stated. Lower palm oil imports by India, the world's greatest buyer of veggie oils, might weigh on benchmark Malaysian palm oil rates, but support U.S. soyoil futures. Palm oil imports in December was up to 500,175 metric lots, the lowest because March 2024, the Solvent Extractors' Association of India (SEA) stated in a declaration on Tuesday. Imports of...

Jose Maria Cofreces is the owner of a guesthouse in northwestern Galicia, one of Spain's. most picturesque regions and a significant tourist draw. It is also among the windiest parts of the nation, and. that has made it a magnet for developers of giant wind turbines. that can stand greater than 50-storey tower blocks. Cofreces is among those at the lead of opposition in. Galicia. Echoing the tactics of rural communities across Europe,. the protesters have utilized the courts to obstruct plans they say. encroach on their way of living and the environment. Part of what we offer here is...

French timely power rates were anticipated to be mixed on Monday as development in wind supply was seen eclipsing the little gains in demand in Germany, while French wind output is anticipated to fail. French baseload power for Tuesday was at 139 euros ($ 141.85) per megawatt hour (MWh) at 1015 GMT, LSEG data showed. The agreement for Monday was untraded on Friday. German day-ahead power had yet to trade after closing at 117.50 euros/MWh on Friday. The residual load in Germany is expected to reduce on Tuesday as wind power output is on the rise and more than outweighs...

European prompt power prices were mixed early on Thursday with increased wind supply weighing on the German cost, while the French rate acquired as temperature levels were seen falling in the nation, increasing need expectations. German baseload power for Friday was down 9.1% at 112.50 euros ($ 116.03) per megawatt hour (MWh) since 0931 GMT. The French day-ahead baseload was up 24.2% at 113 euros. German wind power output is expected to rise by 4.5 gigawatts (GW) to 26.3 GW on Friday, while supply in France is seen dropping 6.4 GW to 4.2 GW, LSEG data revealed. Residual load in...

European prompt power prices for Monday were untraded on Friday due to expectations of rising wind power supply throughout the region, other than in Germany, and lower demand. The German and French baseload power agreements for Monday had actually not traded by 0957 GMT, according to data put together by LSEG. German wind power output was anticipated to fall by 550 megawatts (MW) on Monday to 36.7 gigawatts (GW), while French wind output was anticipated to get 4.7 GW to 12.8 GW, LSEG information revealed. Week-on-week, German recurring load is anticipated to increase [on Monday], while CWE's is anticipated to...

Malaysian palm oil futures reversed losses to close higher on Thursday after heavy early morning profittaking activities weighed down the market. The benchmark palm oil agreement for February shipment on the Bursa Malaysia Derivatives Exchange acquired 64 ringgit, or 1.32%, to 4,920 ringgit ($ 1,109.36) a metric lot at the closing. Futures prices fall with heavy early morning selling activities. Overnight weak point in soyoil at the Chicago exchange likewise dragged the futures lower, stated a Kuala Lumpur-based trader. India's palm oil imports in November fell 0.4% from October to 841,993 metric loads, the Solvent Extractors' Association of India said...

Germany's network regulator on Wednesday said it authorized 4,098 megawatts (MW) of brand-new onshore wind power capability in a quarterly auction hung on November 1, which was 1.5 times oversubscribed. The Bundesnetzagentur, under a quick to make sure appealing returns for financiers in low-carbon electrical power systems while keeping a lid on costs for customers, mentioned high interest in a statement. The very positive trend in bidding will be reflected in a considerable commissioning number as from next year, stated Klaus Mueller, president of the authority. The regulator will hold auctions for 10,000 MW each year approximately 2028. This takes...

European spot power prices for Wednesday jumped as wind supply was expected to fall throughout the area, with Germany forecast to come in at less than a. third of Tuesday's level. German day-ahead baseload power jumped 68.5% to. 241 euros ($ 253.77) per megawatt hour (MWh) at 0942 GMT, after. reaching a contract high given that June 25 at 250 euros previously,. LSEG information revealed. The equivalent French agreement was up 29.2% at 169. euros/MWh, after reaching a contract high considering that late April 2023. at 177 euros earlier, LSEG data showed. ( Wednesday's) rate forecast is decisively bullish, stated....

Malaysian palm oil futures extended losses for a second straight session on Thursday as slow need pressured rates. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange moved 59 ringgit, or 1.36%, to 4,295 ringgit ($ 954.44) a metric ton at the close. The agreement lost 0.25% on Wednesday. Traders are waiting for indications of market healing after the recent rout, nevertheless, demand stays weak and continues to put pressure on costs, stated Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. Authorities in Indonesia have actually also been checking out ways to curb utilized cooking...

Malaysian palm oil futures closed up on Friday, although they posted a 5.41% weekly decrease, snapping gains from the previous week. The benchmark palm oil agreement for March delivery on the Bursa Malaysia Derivatives Exchange acquired 41 ringgit, or 0.95%, to 4,374 ringgit ($ 972.65) a metric heap at the close. The futures seen shrugging off weakness in early trade as India, the most significant edible oil importer on the planet stepped up palm oil buying and purchased around 100,000 metric lots of palm oil in the first two working days in 2025, stated Anilkumar Bagani, head of research study...

Malaysian palm oil futures extended losses in heavy morning trade on Thursday, tracking weakness in rival soyoil at the Chicago Board of Trade exchange. The benchmark palm oil agreement for February delivery on the Bursa Malaysia Derivatives Exchange lost 7 ringgit, or 0.14%, to 4,849 ringgit ($ 1,093.84) a metric lot by the midday break. Futures costs fall with heavy early morning selling activities. Overnight weakness in soyoil at the Chicago exchange also dragged the futures lower, said a Kuala Lumpur-based trader. Soyoil lost 0.99% at the Chicago Board of Trade. Dalian's most-active soyoil agreement rose 0.3%, while its palm...

Malaysian palm oil futures fell on Wednesday, dragged down by weak point in competing veggie oils while a stronger ringgit included pressure to the contract. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange lost 38 ringgit, or 0.75%, to 5,037 ringgit ($ 1,148.17) a metric load at closing. The agreement is taken down by the easing of soyoil rates in the Dalian Commodity Exchange and the Chicago Board of Trade, a Kuala Lumpur-based trader stated. Dalian's palm oil contract climbed 0.72%, while its most-active soyoil contract slipped 0.25%. Soyoil was down 1.23% at the...

India's imports of thermal coal plunged by about a third on an annual basis in October, according to information analytics companies Bigmint and Kpler, due to slowing power generation and higher clean energy output. Deliveries into the world's second-largest coal importer plunged 31.8% to 13.56 million metric tons, Bigmint information showed. This was the fastest rate of contraction in fifteen months, and the first successive decrease because July 2023. Traders expect Indian purchases to pick up in the coming weeks, however that will not be enough to raise total annual imports above 2023 levels as deliveries are anticipated to fall...

Malaysian palm oil futures slipped partially on Thursday, reversing early gains due to rising premiums over gasoil and Indonesia's proposition of a 50%. palm oilblended biodiesel. The benchmark palm oil contract for January. shipment on the Bursa Malaysia Derivatives Exchange was down 2. ringgit or 0.04%, to 4,915 ringgit ($ 1,114.77) a metric ton by. the midday break. The agreement had actually risen about 2% earlier in the session. Futures were not able to hold gains on different factors,. beginning with palm oil's rising premium over gasoil, and then. Indonesia has proposed B50 biodiesel mix in 2028, said Anilkumar. Bagani,...

Indonesia's chief economic minister Airlangga Hartarto said on Thursday he is positive palm oil production can be improved in coming years to meet the nation's increasing need for biofuel. Indonesia's mandated biodiesel blend will rise to require a. 40% palm oil-based fuel next year, up from 35% at present. Increasing the necessary mix to 40% may result in palm oil. utilized for energy increasing to 13.9 million metric heaps, from the. approximated 11 million heaps required this year with B35, Indonesia's. biofuel producers association APROBI had actually previously approximated. Production of the vegetable oil in Indonesia has been. stagnant recently...

Malaysian palm oil futures inched higher on Monday, as a weaker ringgit and technical buying supported the market. The benchmark palm oil contract for January shipment on the Bursa Malaysia Derivatives Exchange increased 14 ringgit, or 0.31%, to 4,550 ringgit ($ 1,044.30) a metric heap throughout the midday break. The unrefined palm oil futures market recovered from early losses to close higher at the midday as it was supported by technical purchasing and a weaker ringgit, a Kuala Lumpur-based trader said. The ringgit, palm's currency of trade, damaged 0.46%. versus the dollar, making the commodity less expensive for purchasers. holding...

Vietnam will modify its national power development plan, known as PDP8, to include alternatives for atomic energy and hydrogen, the Minister of Industry and Trade said on Monday. The PDP8 will be amended in a way to likewise add more renewables to the mix, consisting of solar and wind, Nguyen Hong Dien informed the National Assembly at a meeting in Hanoi. The PDP8, approved in May in 2015, would raise the country's total installed power generation capability to over 150 GW by 2030 from over 80 GW at the end of in 2015. Nevertheless, overseas wind and LNG development targets...

A team of experts encouraging Indonesia's presidentelect Prabowo Subianto are reviewing a. plan to enforce levies on sugar imports to help finance the. nation's bioethanol programme, a member of the group stated on. Thursday. Broader adoption of biofuel, both palm oil-based biodiesel and. in ethanol fuel, becomes part of the energy shift program by. Prabowo who will take workplace on Oct. 20. Indonesia, nevertheless, does not have adequate production of. sugarcane, the primary bioethanol feedstock, for its domestic. need and still relies on imported sugar. Meanwhile, production expense of bioethanol in Indonesia is. presently higher than production cost of gasoline...

Malaysian palm oil futures ended higher on Tuesday, bouncing back after 2 consecutive sessions of decreases, buoyed by Indonesia's strategy to hike its October reference rate. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange got 14 ringgit, or 0.35%, to 4,009 ringgit ($ 963.47) a metric load at the close. The agreement had actually shed 3.71% in the past 2 sessions. Indonesia's transfer to trek the crude palm oil (CPO) recommendation price by $54 to $893.64 per load for October supported Bursa Malaysia Derivatives palm oil prices, with the marketplace trading 50 points higher...

Malaysian palm oil futures ended more than 2% lower on Friday, snapping a. sevensession rally due to a stronger ringgit, however still. accomplished a weekly gain. The benchmark palm oil agreement for December. shipment on the Bursa Malaysia Derivatives Exchange fell 100. ringgit, or 2.41%, to close at 4,052 ringgit ($ 983.02) a metric. heap. The contract logged a weekly gain of 5.19%. Palm oil rates fell due to a stronger ringgit, which may. curb need in the short-term, said David Ng, a proprietary. trader at a Kuala Lumpur-based trading company Iceberg X Sdn Bhd. . Traders are likewise liquidating...