Renewable Energy








Asia

North America

Environment

Prices largely stable but market risks persist

The Dutch and British wholesale prices of gas were mostly stable on Friday, as Norwegian flows stabilized and the low demand allowed storage to be refilled. However, the tighter market conditions continued to support these prices. LSEG data shows that the benchmark Dutch front-month contract was up 0.26 euros at 35.18 Euro per megawatt hour or $11.68/mmBtu at 0816 GMT. Auxilione, a consultancy, said that with the June contract ending on Friday, market attention is now shifted to July. The Dutch July contract increased by 0.14 euros to 35.40 Euro/MWh. The British front-month contracts were down 1.21 pence, at 83.25...

Environment

What is in the Republican tax plan and spending plan

The Republican-led House of Representatives passed a comprehensive budget package which would meet many of the priorities of President Donald Trump. Next, the Republican-led Senate will take up the package with likely significant changes. The nonpartisan Congressional Budget Office has summarized the main elements of this package. According to them, the deficit would increase by $3.8 trillion over a period of 10 years. The estimates of CBO and Joint Committee on Taxation for some elements below are likely to be revised in the coming weeks. Tax Breaks and Tax Cuts (Cost: $2.2 trillion) Makes permanent lower income tax rates that...

Renewable Energy

Prices for Europe GAS hit a six-week high due to tighter supplies, Middle East and Ukraine concerns, and concerns about tighter supply.

The Dutch and British wholesale prices of gas rose on Wednesday to their highest level in over six weeks, boosted by a lower Norwegian supply, the competition for liquefied gas, and concerns about peace talks in Ukraine and unrest in Middle East. The benchmark Dutch front month contract rose 0.48 euros to 37.63 euros per Megawatt Hour at 0813 GMT. This was its highest level since 7 April. The British contract for the month of June increased by 1.29 pence, to 90.31 p/therm. This is the highest price since April 4. Day-ahead gas rose 0.70 pence to 90.50 p/therm. A...

Environment

Trump Administration to audit billions of energy grants awarded by Biden

The Trump administration announced on Thursday that it would audit grants of $15 billion awarded to projects involving the power grid, manufacturing supply chains and other infrastructure during the Biden Administration. Donald Trump has pushed for domestic oil, gas and coal production while also halting the construction of offshore wind farms and taking measures to relax regulations on fossil fuels. Last week, the Republican Trump administration proposed to cut billions of dollars from funding for renewable energy projects and electric car chargers. The DOE has been reviewing the billions that were rushed through the door in the last days of...

Pollution

US EPA sends a proposal for biofuel blend volume to White House for review

The U.S. Environmental Protection Agency sent a proposal rule to the White House, asking for its review. It outlines the amount of biofuels that oil refiners will have to blend into their fuel starting in 2026. Since President Donald Trump's inauguration in January, the politically powerful oil and fuel lobbies have been waiting for this proposed rule. This will be the first opportunity for the Republican President to demonstrate his support for the biofuels policies, which have historically pitted Big Oil against the Farm Belt. This dynamic changed in the run-up to the proposed rule. A coalition of oil and...

Renewable Energy

What is in the Republican health and tax plan and what's not?

Republicans in Congress released the first drafts of a sweeping package to reduce taxes and spend less, which would satisfy President Donald Trump’s call to do so. However, many details need to be worked out. Here's a summary on what they've proposed so far and what has been left out. Budget estimates for the next ten years are provided by both the Joint Committee on Taxation (JCT) and the Congressional Budget Office. What's in the Bottle? Permanently extends the lower tax rates that Trump's Tax Cuts and Jobs Act of 2017 will expire in 2025. Increases the standard deduction from...

Renewable Energy

The Trump cuts in funding force the US Renewable Energy Research Lab to lay off staff

The National Renewable Energy Laboratory, a research division of U.S. Department of Energy, which focuses on renewable energy sources such as wind and solar, announced on Tuesday it had laid off 114 workers due to federal budget reductions, stop work orders, and new directives. Why it's important The reduction in staff at NREL in Golden, Colorado, reflects a broader trend of cuts to the Department of Energy's workforce under President Donald Trump. According to NREL's website, the staff reduction is about 3% of its 3,675 employees. KEY QUOTE "NREL's Mission continues to be crucial for achieving an affordable and secured...

Renewable Fuels

ADM closes soybean processing plant at Kershaw, South Carolina

Grains merchant Archer-Daniels-Midland will permanently close its soybean processing plant in Kershaw, South Carolina, later this spring as part of a cost-cutting and consolidation push announced earlier this year, the company confirmed to on Monday. ADM has cut jobs and downsized some operations ever since February, when it announced that it would be cutting costs by $500 to $700 millions over three to five year. Dane Lisser, ADM's spokesperson, said: "After exploring many alternatives, we have determined that our Kershaw crushing plant does not align with our future operating needs." Still reeling from a scandal that sent the stock price...

Power Markets

Morgan Stanley seeks Goldman Sachs' help to sell PNE stakes, sources claim

Morgan Stanley and Goldman Sachs are exploring the possibility of selling their majority stake in German renewable projects developer PNE. This could lead to a bid being made for the 1,09 billion euro ($1.17 billion), firm. One person said that Goldman Sachs is already contacting potential private equity investors about their interest in Morgan Stanley’s 50.06% stake, currently valued at around 543 million Euros, in PNE. The people added that the deliberations are still at an early stage, and it is not certain if a deal will happen. Morgan Stanley, Goldman Sachs, and PNE declined to comment. According to German...

Renewable Energy

Louis Dreyfus continues to plan for North America oilseeds despite tariff storm

The CEO of the global crop merchant said that despite tariff tensions, he expects Canadian vegetable oils to continue to flow to the United States. The use of tariffs by U.S. president Donald Trump as a key economic and diplomatic instrument has strained ties with trading partner countries including Canada and Mexico. Washington's tariff offense has upset the U.S. agriculture sector, which depends heavily on North American commerce, including large quantities of canola oils and fertilisers from Canada. After rapid investment in renewable vegetable oil-based diesel, uncertainty over U.S. policy has clouded the future for agribusiness companies. LDC CEO Michael...

Renewable Energy

Commodities ignore Trump's noise and focus on fundamentals of trade: Russell

The best way to navigate the challenges that the U.S. president Donald Trump's inconsistent and erratic trade policies are posing for the global commodity markets is to ignore the noise and concentrate on the fundamentals. While the media focuses on every headline-grabbing announcement or social media post regarding new and retaliatory duties from the U.S. president and his administration the commodity markets continue to do what they have done in the past: adapt to rapidly changing conditions. It's important to distinguish between commodities that are already affected by Trump's policies and those likely to be impacted in the future. There...

Renewable Energy Equipment

Microsoft's VP of corporate affairs says that US wind and solar power still has room for growth in data centers.

Microsoft Vice President for Energy Bobby Hollis said at the CERAWeek conference in Houston, on Wednesday, that the U.S. still has a lot of room to expand wind and solar power development, especially in the Midwest wind-corridor and the sunny southwest. The rapid proliferation of Big Tech’s energy-intensive cloud and AI data centers is shaking the stagnant U.S. electricity industry. It has pushed the country's consumption to a new high and raised questions about the future of carbon-free renewable power. Hollis said, "We think that there is still a long way to go before renewables are a significant part of...

Europe

Environment

The German wind energy supply nearly doubles, lowering the spot price

German spot electricity prices fell sharply Thursday, as the wind power supply was forecast to double in Germany and demand to decline. At 09:29 GMT, the German baseload contract for Friday had fallen 39.1% to 48.75 Euros per Megawatt Hour (MWH). The French equivalent contract increased by 133.3% to 21 euros/MWh as the renewable production in France is expected to fall and nuclear power is less available. According to LSEG analyst Florine Engl, residual load in Germany is expected to decrease on Friday as a result of a significant increase in wind energy supply. Exports are also expected into the...

Electric Utilities

Iberdrola's unions have called for more than 9,000 employees in Spain to go on strike

Iberdrola's unions have called for 9,000 workers to go on strike in Spain on Friday in order to demand more money and shorter working hours. This would be the first time in the history of the company, which spans over 100 years. The largest utility in Europe raised its employees' wages by an average of 2.8% from 2021 to 2024, while inflation was at 19%. The representative added that talks have been going on since January. The union representative stated that this would be the first strike in the history of the company. The cost of the project is small...

Energy Markets

The rising supply of wind power has an impact on the spot price

The European spot electricity prices for Thursday dropped on Wednesday as the wind supply in Germany and France was expected to increase. German baseload for the day ahead fell by 2.7%, to 80 euros per megawatt-hour (MWh), at 0934 GMT. The French baseload for the day ahead has fallen by 61.1%, to 9.15 Euros/MWh. LSEG analyst Florine Engl stated that the increase in wind energy supply is causing a decrease in residual load in Germany, France, and Belgium this Thursday. The Czech Supreme Administrative Court announced on Wednesday that it had lifted an injunction which prevented a South Korean company,...

Western Europe

South-East Asia

Refined Products

Profit booking on weaker edible oils rivals, palm oil ends lower

Malaysian palm futures continued to fall on Thursday as investors booked profits, and the prices of competing edible oils dropped. The benchmark contract for palm oil delivery in August on the Bursa Derivatives exchange fell 44 ringgit or 1.11% to 3,904 Ringgit ($923.59) per metric ton. Anilkumar bagani, the head of research for Mumbai-based Sunvin Group, said that palm oil futures had been trading lower due to profit taking, low energy prices, and weakness in other vegetable oil markets, such as those in China and the U.S. Dalian's palm oil contract, which is the most active contract, fell by 0.37%...

Renewable Energy

China allows Brazil's ethanol-by-product in the wake of Lula visit and US-China trade dispute

Brazil signed protocols on Tuesday with China to allow the export of an ethanol-by-product used as animal feed. This is a challenge to the U.S. market dominance amid the ongoing China/U.S. Trade Standoff. This deal is outlined in an official document from the Brazilian government. Animal feed is highly valued for distillers dried grains, especially for pigs and cattle. In an interview on Monday, the president of Brazil's National Corn Ethanol Union said that Brazil and China had been working together since 2022 to reach a sanitary accord for DDG exports. He added that current "broad political shifts" are a...

Renewable Energy

Equinix Malaysia looks for alternative energy sources amid anticipated electricity tariff hike

The Malaysian data centre company Equinix announced on Wednesday that it was looking into alternative sources of energy, as it anticipates an increase in domestic electricity rates to raise its costs. The Malaysian government announced previously that it would increase electricity rates by 14.2% this July. Equinix Malaysia's managing director Cheam Tat Inn said that the company was looking into a variety of renewable energy service providers during a tour of the completed second phase of their data center in Cyberjaya. Cheam didn't specify the renewable sources used or a time frame. Equinix Malaysia operates two data centers, Cyberjaya, and...

Renewable Energy

Palm oil records weekly loss due to firmer Ringgit and weak demand

Malaysian palm futures have reversed their gains from earlier in the week, due to a stronger ringgit, and weak demand on key markets. Prices also fell for the entire week. The benchmark contract for palm oil delivery in July on Bursa Derivatives Malaysia Exchange dropped 0.79% at the close to 3,880 Ringgit ($911.23) per metric ton. The contract dropped 4.36% in the last week. Anilkumar bagani, head of commodity research at Mumbai-based Sunvin Group, explained that a stronger ringgit, and a lack of enthusiasm in the face of expectations of an increased inventory of palm oil in Malaysia for April,...

Environment

China shifts its focus to Europe to export used cooking oil as US tariffs impact shipments

Due to high tariffs, China's exports of used cooking oil to the United States - its biggest buyer - are expected to plummet in the coming months. Sellers will be forced to divert shipments elsewhere or to Europe, according to industry players. The Trump administration has imposed a 125% tariff on Chinese UCO imports starting this month. Three UCO traders in China said that the U.S. shipments, which were worth $1.1 billion last fiscal year, have been falling. The last cargoes are expected to arrive around the end of March or early April, before the trade grinds to an abrupt...

Renewable Energy

VEGOILS - Dalian oils and Malaysian palm oils have seen a strong week of gains on the back of a strong physical demand.

The price of Malaysian palm oils rose for the third session in a row on Friday. This was due to strong demand before Eid al-Fitr, an Islamic holiday. Also, rival vegetable oil prices were strong. The benchmark contract for palm oil delivery in June on the Bursa Derivatives exchange gained 108 Ringgit or 2.5% to $4420 ringgit (US$996.62) per metric ton. The contract rose 1.03% in the last week, marking its first weekly increase in three. A Kuala Lumpur based trader stated that "Today crude palm oil future prices are up due to strong physical demand because of the holiday...

Energy Markets

Palmetto prices rise after three sessions of bargain-buying losses

After three sessions of losses in a row, Malaysian palm oils futures rose on Wednesday. This was due to bargain hunters after the contract reached a two-month low. The benchmark palmoil contract for June delivery at the Bursa Derivatives Exchange increased 0.33%, closing at 4,259 Ringgit ($962.05) a metric ton. When prices reached the lowest point of the day, they were too low to ignore. "We saw a great deal of bargain-hunting today. A lot of buyers came out and there was also a good amount of (short)covering," said Paramalingam Supramaniam of Selangor brokerage Pelindung Bestari. Intertek Testing Services, a...

Renewable Energy

Palmetto prices rise after three sessions of bargain-buying losses

After three sessions of losses in a row, Malaysian palm oils futures rose on Wednesday. This was due to bargain-hunting after the contract reached a two-month low. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange rose by 0.75% to $4277 per metric ton ($966.34). This week, the contract has fallen by 2.97%. When prices reached the lowest point of the day, they were too cheap to ignore. "We saw a great deal of bargain-hunting today. A lot of buyers came out and there was a (short)covering as well," said Paramalingam Supramaniam of Selangor brokerage Pelindung Bestari....

Renewable Energy

Malaysian palm oil drops, rivals follow suit

The price of palm oil in Malaysia fell for the third time on Tuesday, to its lowest close in almost two months. This was due to lower prices for rival vegetable oils at Dalian and Chicago and weaker export data. The benchmark June palm oil contract on Bursa Malaysia's Derivatives exchange lost 58 Ringgit or 1.35% to close at 4,247 Ringgit per metric ton, its lowest price since January 27. Anilkumar bagani, head of commodity research at Mumbai-based Sunvin Group vegetable oils brokerage, said: "The sentiments in palm oil are bearish right now because it has been forced by the...

Renewable Energy

Palm firms worried about low production but demand is weak.

Malaysian palm futures rose on Thursday, supported by lower production levels but capped by persistent concerns about demand from key import countries. At the close, the benchmark May palm oil contract on Bursa Derivatives Exchange rose 52 ringgit or 1.16% to 4,533 Ringgit ($1,022.10) per metric ton. The contract fell by 2.98% over the last three sessions. The palm oil market is resilient, despite the recent sell-offs due to uncertainty in global markets over tariffs. Production hasn't picked up since March and demand remains a concern, said Paramalingam Supramaniam of Selangor brokerage Pelindung Bestari. "Even if the production picks up...

Energy Markets

Palmettos end higher but caution over US tariffs cap gains

Malaysian palm futures rose Thursday, following the movement of rival oils in Dalian and Chicago, but caution about U.S. Tariffs limited gains. The benchmark contract for palm oil delivery in May on the Bursa Derivatives Market gained 63 ringgit (1.43%) to close at $4,480 ringgit (1,012.43) per metric ton. Anilkumar bagani, research head at Mumbai-based Sunvin Group, says that the market remains cautious due to confusion regarding U.S. Tariffs on Mexico and Canada. The direction of the soy oil, rapeseed, and canola futures are also unclear from the North American, European, and Asian markets. Chinese futures, however, were trading slightly...

Renewable Energy

VEGOILS - Palm tracks Chicago soyoil; inventory data is awaited

Malaysian palm futures rose Wednesday, ending two sessions of losses. The market was awaiting the Malaysian Palm Oil Board (MPOB)'s data. The benchmark contract for palm oil delivery in May on the Bursa Derivatives Exchange gained 69 ringgit or 1.59% to close at $4,418 ringgit (US$997.97) per metric ton. A Kuala Lumpur trader stated that "the futures will attempt to recover some yesterday's loss before resuming their direction, while waiting for the MPOB data next Monday." On March 10, the MPOB will release its monthly statistics. The Chicago Board of Trade's (CBOT) soyoil price rose by 0.77%. Dalian's palm oil...