Renewable Energy

The CEO of Swedish utility Vattenfall said on Tuesday that the uncertainty caused by trade tariffs may slow down growth in Europe's energy demand as companies stop investing in new factories. Trade barriers are the most significant threat to large industrial clients who operate on global markets. Vattenfall CEO Anna Borg commented on the first-quarter results. The company reported a underlying profit of 8.5 billion Swedish Crowns ($886.4 Million) from January to March. This is down 21% compared to 10.7 billion crowns the year before. The company said that underlying earnings were boosted last year by sales of offshore wind...

Energy security is a major issue for Australian voters, who are concerned about rising electricity bills and gas shortages. Australia is the second largest LNG exporter in the world, with sales of A$69 billion ($44 billion) last year. With sales of A$69.9 billion ($44.92 billion) in 2013, Australia was the world's No. 2 LNG exporter. It is also the most polluting nation per capita within the OECD. Both the Liberal-National Coalition, led by Peter Dutton and the centre-left Labor Party of Prime Minister Anthony Albanese, and its conservative counterpart, the Liberal-National Coalition, have pledged to lower gas prices for consumers...

The European electricity price was expected to fall over the remainder of the week, as a surplus of thermal energy more than offset the rising demand. Renewables were also less available after the holiday weekend. Marcus Eriksson, LSEG analyst said: "With improved thermal we expect a slashing of the highest price day-on-day and an overall bearish outlook." By 0815 GMT, the French baseload day-ahead traded at 64.41 euros per megawatt hour. The average price of the current week was 48 euros. Germany's baseload day-ahead position has not traded. Four-day delivery Friday, meaning Tuesday, closed at 95 Euros. The French nuclear...

On Monday, the strong gains in wind energy supply across the region put downward pressure on spot prices as they offset the growing demand and reduced solar power supply. LSEG data shows that the German baseload electricity for Tuesday at 0845 GMT was 67.50 Euros ($76.83). The French power of the day was 18.25 Euros/MWh. The prices were lower than the closing values of 103.75 and 68 euros, respectively, last Monday. Both contracts were traded on Friday, but for delivery Monday. Riccardo Paraviero, LSEG analyst, said: "Wind surges (again) on Tuesday painting a firmly negative outlook for German electricity prices."...

The Public Power Corporation of Greece plans to invest 5,75 billion euros ($6.4billion) in Western Macedonia to create a green technology and energy hub for Greece as well as southeastern Europe. The plan includes the construction of a 300 megawatt, 2.3 billion euro data center at Agios Dimitrios. PPC stated that the facility could potentially be scaled up to 1,0MW depending on the level of demand. The company intends to also invest 1.2 billion Euros in developing solar parks on ex-mining sites in Western Macedonia. These solar parks will provide a combined power of 2,130MW. Additional 940 million Euros will...

European forward curve contracts fell on Thursday, following lower gas and carbon prices. This was after President Donald Trump announced sweeping new tariffs that could cause concern in the manufacturing industry. Analysts at Energi Danmark say that the European carbon market has a bearish outlook, as tariff concerns, uncertainties about possible market reforms, and technical signals are all contributing to a negative trend. Further price drops should be expected. They said that further price drops should be expected on Thursday as part of a general downward trend. "The (power) market is likely to follow the fuels and carbon markets down....

The European power price fell on Tuesday, as wind volumes are expected to increase in the coming days and demand is also expected to decrease due to rising temperatures. LSEG analyst Florine Eengi predicted net exports for Germany. She also mentioned an increase in solar power. By 0810 GMT the French baseload electricity contract for Wednesday had reached 34.3 euros ($37.06 per megawatt-hour (MWh), while at that time, the German day-ahead power contract had not been traded after closing at 97.3 euro/MWh. LSEG data shows that the German wind power production is expected to double on Wednesday to 22.2 gigawatts...

Three people familiar with the matter said that Masdar, an Abu Dhabi renewable energy firm, is looking to acquire a stake in TotalEnergies’ Portuguese renewables assets. One source said that any deal would be likely done through Saeta Yield. This is the green energy company Masdar purchased last year from Canada’s Brookfield. Could not determine the size of the stake Masdar was interested in. Masdar's spokesperson stated that "While we don't comment on market speculations, we continue exploring opportunities in the area as we expand toward our global goal of 100 gigawatts before 2030." TotalEnergies has declined to comment. Masdar...

The German spot electricity contract for Friday dropped sharply on Thursday, as the wind power supply and demand were expected to increase due to warmer weather. As of 0923 GMT, the German baseload was down 37.1% to 67 euros per Megawatt Hour (MWh). The French baseload day-ahead was not traded with a range of bids and asks between 21 euros to 25.25 euros. According to LSEG analyst Naser Hahemi, the combination of a rise in wind power and a decline in consumption in Germany on Friday resulted in a reduction in residual load day-over-day. LSEG data shows that the German...

The German wholesale power market traded at a higher price on Wednesday due to lower forecasts for wind production. Meanwhile, the French equivalent price fell sharply amid falling demand and was trading at only half Germany's price. LSEG analyst Naser Hashemi discussed bearish factors across the region. He cited forecasts of weaker consumption, and added that German gas supply has improved. The German power price for the day ahead was 1.7% higher at 105.5 Euros ($115.01 per MWhr) at 855 GMT. The French baseload for tomorrow fell 17.7%, to 58.0 Euro/MWh. LSEG data revealed that Germany expected wind output to...

The European spot electricity prices for Wednesday are mixed. On Tuesday, the German spot price rose due to a decline in wind power generation. However, the French spot price dropped because of lower demand forecasts. The German power price for the day ahead rose by 12.8% at 0958 GMT to 103.75 Euros ($113.59 per MWh). LSEG data shows that the French baseload rate for the day was 72 euros/MWh - down 13.8%. Guro Marie Wyller, LSEG analyst, said: "The wind output in Germany decreased further (on Wednesday), and is well below the normal level for this time of year." LSEG...

The head of grid operator 50Hertz stated on Monday that plans by parties seeking to form Germany's new government to reduce electricity network fees could cost up to 6 billion euros per year. According to an agreement document, the conservatives in Germany and the Social Democrats (SPD), to lower electricity prices, agreed to reduce electricity taxes for all consumers by half and to halve transmission network fees. This was a first step to permanently cap network fees. In a press conference, CEO Stefan Kapferer stated that six billion euros was the amount needed to halve network fees for transmission system...

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...

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...

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...

Malaysian palm futures rose by more than 2% in the past 24 hours, following gains made by rival edible oils. A positive U.S. report about world agricultural demand and supply estimates also helped. By midday, the benchmark contract for palm oil delivery in April on the Bursa Derivatives exchange had risen 102 ringgit or 2.22% to 4,695 Ringgit ($1,051.28) per metric ton. The Malaysian market was closed for a holiday on Tuesday. A Kuala Lumpur based trader reported that the Crude Palm Oil Futures were lifted due to a stronger oilseeds rival market and a positive World Agricultural Supply and...

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...