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European Investment Bank signs advisory agreement with Hydrogen Europe
- Total investment in clean hydrogen in Europe is expected to reach €470 billion by 2050
Global energy transition crucial to reach climate goals
- To achieve climate goals, electrification in heating, cooling, air conditioning and transport is needed
Turkey ranks as 5th biggest wind investor in Europe
- Policies in Europe are missing to simplify rules and procedures for permits of new wind farms, says WindEurope's CEO
Europe invests record €42.8 bln in wind energy in 2020
- Investments of €26.3 billion in offshore wind set new record
Majority support EU ban on petrol, diesel car sales
- Support for ban of petrol, diesel car sales is higher among city dwellers who have suffered from Covid-19
Turkey's Gumbel Group to invest $15M in solar technology
- Company aims to use its "made in Turkey" software for solar panels to increase solar energy efficiency in projects
Denmark to build 2 offshore wind energy hubs
- First energy hub phase of artificial island in North Sea will provide clean power to 3 million households
Equinor chosen for largest-ever US offshore wind award
-With this award, Equinor and incoming strategic partner BP will provide 3.3 gigawatts of power to New York State
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US renewable energy installation set to grow in 2021
- Solar energy will account for the largest share of new capacity at 39%, followed by wind at 31%
Good infrastructure, incentives key for Turkish EV sales
- Consequences of novel coronavirus (COVID-19) pandemic will affect the numbers of individual car ownership
Germans want more clean energy: YouGov report
- Clean energy generated more than half of Germany's electricity mix in 2020 and most Germans are in favor of more expansion
Belgium's renewable generation up 31% in 2020
- Average monthly price on the day-ahead market sees historic low of €31.9/MWh
Anadolu Agency completes Energy Journalism Training
- Online program to help foreign journalists enrich their knowledge in the energy sector successfully concludes on Sept. 9
Offshore wind sector to create nearly 1M jobs in 5 years
- Total of 17.3 direct jobs are created per megawatts of generation over 25-year lifetime of an offshore project, GWEC says
Turkey's daily power consumption hits record on July 6
- Turkey's electricity exports amount to 3,378 megawatt-hours, while imports total 6,047 megawatt-hours
2020 global oil demand to see largest fall in history
- Reduced jet and kerosene deliveries will impact total oil demand until at least 2022, IEA underlines
Oil prices see modest drop in week ending 12 June
- Oil prices up on Monday as OPEC+ agreed to cut more oil, but concerns over 2nd wave of Covid-19 is driving prices down
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Spot market natural gas prices for Wednesday, June 3
- 1,000 cubic meters of natural gas in spot market costs 1,445 Turkish liras
Spot market electricity prices for Friday, June 5
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 131.6 million Turkish liras
Turkey's daily power consumption up 0.02% on June 3
- Turkey's electricity exports amount to 936 megawatt-hours, while imports total 8,186 megawatt-hours
Spot market natural gas prices for Friday, May 29
- 1,000 cubic meters of natural gas in spot market costs 1,460 Turkish liras
Spot market electricity prices for Sunday, May 31
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 68.24 million Turkish liras
Turkey's daily power consumption up 0.44 % on May 29
- Turkey's electricity exports amount to 4,827 megawatt-hours, while imports total 8,739 megawatt-hours
US oil rig count falls eleventh week in a row
- In the past eleven weeks, the decline in US oil rig count totaled 461, according to the data
EU Recovery Strategy to boost clean, green technologies
- Budget for 2021-27 and Recovery Fund of up to €1.85 trillion enshrines green transition as main driver of economic recovery
Sustainable energy solution efforts need to scale up
- Countries must boost efforts to achieve affordable, reliable, sustainable and modern energy for all: Energy Progress Report
SOCAR AQS opens 40 wells in Turkey's gas storage project
- Around $103 million will be invested for storage expansion at the Salt Lake Natural Gas Storage Facility
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EU secures €60B investments to produce EVs, batteries
- Due to EU car CO2 targets, industry committed 3.5 times more EV and battery production in Europe than in China
Spot market electricity prices for Wednesday, May 27
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 100.4 million Turkish liras
Spot market natural gas prices for Monday, May 25
- 1,000 cubic meters of natural gas in spot market costs 1,464 Turkish liras
Oil prices up with higher oil demand expectations
- Softening of quarantine measures against COVID-19 expected to increase oil demand and push crude prices higher
Turkey's daily power consumption down 0.65% on May 25
- Turkey's electricity exports amount to 5,534 megawatt-hours, while imports total 1,255 megawatt-hours
Spot market electricity prices for Tuesday, May 26
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 24.4 million Turkish liras
Spot market natural gas prices for Sunday, May 24
- 1,000 cubic meters of natural gas in spot market costs 1,459 Turkish liras
Electricity industry calls policy makers for green recovery
- European recovery strategy should help accelerate the transition to a cleaner future, Eurelectric said
Oil prices gain slight up with demand signs
- In the past ten weeks, the decline in US oil rig count totaled 446, according to the data
Turkey's daily power consumption down 12.3% on May 24
- Turkey's electricity exports amount to 4,170 megawatt-hours, while imports total 2,665 megawatt-hours
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Spot market electricity prices for Monday, May 25
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 38.20 million Turkish liras
Spot market natural gas prices for Saturday, May 23
- 1,000 cubic meters of natural gas in spot market costs 1,475 Turkish liras
Turkey's daily power consumption down 22.2% on May 23
- Turkey's electricity exports amount to 4,117 megawatt-hours, while imports total 4,541 megawatt-hours
Spot market electricity prices for Sunday, May 24
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 9.32 million Turkish liras
Spot market natural gas prices for Friday, May 22
- 1,000 cubic meters of natural gas in spot market costs 1,472 Turkish liras
Turkey's EXIST to launch products for nat. gas market
- Natural gas market participants can make transactions on weekly products, Energy Exchange Istanbul (EXIST) said
Turkey's daily power consumption down 6.91% on May 22
- Turkey's electricity exports amount to 2,001 megawatt-hours, while imports total 5,792 megawatt-hours
US oil rig count falls tenth week in a row
- In the past ten weeks, the decline in US oil rig count totaled 446, according to the data
Oil prices rise with fall in US crude inventories
- If quarantine measures against COVID-19 start to soften in June, crude demand is set to increase to push prices higher
Nuclear power remains crucial during Covid-19 pandemic
- Int. Energy Agency report shows nuclear power is important source of Europe's power system flexibility during COVID-19
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Brent oil stabilizes above $30 despite pandemic woes
- Between Monday and Friday, Brent oil prices fluctuate between the lowest at $28.86 to peak of $32.49
Energy savings at home are crucial during COVID-19
- Turkey's inavitas suggests steps to prevent wasting energy at home during COVID-19 pandemic
Oil prices up at week ending May 15
- Global oil prices gain due to surprise decline in US stocks after 15 successive weeks of increases
Oil mkt. rebalancing gradually, still fragile, IEA head
- May's report shows 8.6 million-barrel-per-day oil demand fall for 2020 from prior forecast in April of 9.3 million barrels
April, an extraordinary month for oil markets: IEA
- OPEC crude oil output in April rises by 2.38 million barrel per day (mb/d) month on month to stand at 30.73 mb/d
Global oil production down in April 2020
- OPEC crude demand is expected to be 24.3 million barrels per day, 5.6 million barrels per day lower than 2019
Spot market electricity prices for Wednesday, May 13
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 108.99 million liras
Spot market natural gas prices for Monday, May 11
- 1,000 cubic meters of natural gas in spot market costs 1,472 Turkish liras
Turkey's Aksa to build 240 MW gas plant in Uzbekistan
- When completed the combined natural gas cycle power plant is expected to produce 2 billion kWh of electricity annually
EU to provide €112 million for low-carbon projects
- A total of 12 low-carbon energy projects will benefit from European Union funding
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Turkey's daily power consumption up 20% on May 11
- Turkey's electricity exports amount to 3,817 megawatt-hours, while imports reach 6,619 megawatt-hours on Monday
No. of electric vehicles set to be over 1 Bln by 2050
- Renewable-based electricity vehicles offer significant opportunities to reduce local, global emissions, IRENA report says
Energy prices of EU households increase in 2019
- Taxes and levies in the EU made up 41% of the electricity price and 31% of the gas price
Europe's steel industry must invest €100B for CO2 cuts
- Technology transition needs to start within the next 5-10 years to meet European climate targets by 2050
ESCAP, IRENA to cooperate for sustainable solutions
- Organizations will recommend energy transition to governments as integral part of economic recovery efforts from COVID-19
CO2 emissions from energy use in EU falls in 2019
- CO2 emissions are major contributor to global warming and account for some 80% of all man-made EU greenhouse gas emissions
Spot market electricity prices for Wednesday, May 6
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 81.41 million liras
Spot market natural gas prices for Monday, May 4
- 1,000 cubic meters of natural gas in spot market costs 1,415 Turkish liras
Global renewables use 1.5% higher than last year: IEA
- Share of renewables in global electricity generation jumped to nearly 28% in Q1 2020 from 26% in Q1 2019, IEA says
Turkey's daily power consumption up 18% on May 4
- Turkey's electricity exports amount to 2,552 megawatt-hours, while imports reach 5,507 megawatt-hours on Monday
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Jobs in renewables to reach 42 million globally by 2050
- In 2050, energy efficiency sector could employ 21.3 million people, according to IRENA report
Spot market electricity prices for Tuesday, April 28
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 125.61 million liras
Spot market natural gas prices for Sunday, April 26
- 1,000 cubic meters of natural gas in spot market costs 1,376 Turkish liras
Oil prices sees slight fall with oversupply concerns
- Due to coronavirus-related cumulative rising supply, oil producers are desperately seeking additional storage
Turkey's daily power consumption down 5.06% on April 26
- Turkey's electricity exports amount to 4,828 megawatt-hours, while imports total 7,873 megawatt-hours on Sunday
US oil rig count falls sixth week in a row
- In the past six weeks, the decline in oil rig count in the U.S. totaled 305
Turkey's daily power consumption down 4.39% on April 25
- Turkey's electricity exports amount to 3,923 megawatt-hours, while imports total 7,564 megawatt-hours on Saturday
Spot market electricity prices for Friday, April 24
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 84.13 million liras
Spot market natural gas prices for Wednesday, April 22
- 1,000 cubic meters of natural gas in spot market costs 1,368 Turkish liras
Turkey's daily power consumption down 0,2% on April 22
- Turkey's electricity exports amount to 5,006 megawatt-hours, while imports total 1,134 megawatt-hours on Wednesday
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Decarbonization needs investment of up to $130 trillion
- Renewable energy can support resilient and equitable recovery, IRENA report shows
Brent oil remains low at week ending April 17
- Low oil demand results in greater oil supply glut and decrease in prices
Global oil production up in March 2020
- OPEC crude demand in 2020 is forecast at 24.5 million barrels per day, around 5.4 million barrels per day lower than 2019
Global oil supply set to dip by record 12 mb/d in May
- Global oil demand in 2020 will fall by 9.3 mb/d versus 2019, erasing almost a decade of growth, according to IEA
Turkey, China, US to build pumped-storage hydro plant
- Turkish, Chinese and US firms due to invest around $1.5B in dam project in Isparta to build pumped-storage hydro power plant
Eni stands with Italy against coronavirus
- Eni launches series of initiatives to help local health facilities in areas it operates to combat COVID-19
Solar, storage to see 20% fall with COVID-19 impact
- Wood Mackenzie 2020 revises down solar installations by 18% from pre-coronavirus levels from 129.5 GW to 106.4 GW
Onshore wind gets €13bn for new onshore projects in 2019
- Over 10 GW is for new onshore wind investment projects, with strong interest in Europe
Clean energy accounts for 72% of 2019 power expansion
- Renewables expand by 7.6% last year with Asia dominating growth and accounting for 54% of total additions
Spot market electricity prices for Sunday, April 5
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 19 million Turkish liras
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Spot market natural gas prices for Friday, April 3
- 1,000 cubic meters of natural gas in spot market costs 1,454 Turkish liras on Friday
Turkey's daily power consumption down 0.19% on April 3
- Turkey's electricity exports amount to 6,689 megawatt-hours, while imports total 6,541 megawatt-hours on Friday
US oil rig count falls by 62 for week ending April 3
- The drop followed decline of 40 oil rigs the week before
Spain submits ambitious 2030 energy plan
- WindEurope suggests that Spain's ambitious 2030 National Plan is an example for other countries to follow
Global offshore wind capacity hits record installation
- Additional 6,1 GW of new global offshore wind capacity installed in 2019, 'record installation': Global Wind Energy Council
Siemens Gamesa secures onshore turbine in Sweden
- Turbines will operate up to 6.2 MW capacity, producing record high annual energy, company said
Spot market electricity prices for Saturday, March 28
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 106.2 million Turkish liras
Spot market natural gas prices for Thursday, March 26
- 1,000 cubic meters of natural gas in spot market costs 1,458 Turkish liras on Thursday
Siemens Gamesa to provide clean electricity to Vietnam
- Siemens Gamesa will supply 25 units of turbine for the Hoa Thang 1.2 wind farm, one of the largest in Vietnam