In Europe, more emission allowances are to be taken out of the market in order to allow for higher CO2-prices. China opens its national emission trading market in 2017 thereby creating the world’s biggest carbon market.
Continue reading
In Europe, more emission allowances are to be taken out of the market in order to allow for higher CO2-prices. China opens its national emission trading market in 2017 thereby creating the world’s biggest carbon market.
For 2016 capacity additions for wind energy are projected to lie between 4.2 GW and 4.5 GW. Furthermore the most recent PV tender brought forward average remuneration rates of less than 7 cent/kWh.
Only projects in Denmark have been successful in bidding for the 50 MW of green field PV. And they did so by offering prices almost 2 cent/kWh lower than the ones in the last national tender in Germany. In the Danish cross-border tender, no German bid has been submitted however.
E-mobility is regarded as a significant part of long-term energy concepts. When checked with reality, the goals of the German government to have 1 million electric vehicles on the streets by 2020 seem overambitious.
The introduction of a spot market mechanism in China would allow for more efficient power plant dispatch based on actual cost of generation.
Conventional power plants suffer from low spot market prices. When capacity leaves the market, the remaining power plants might however see higher margins again.
The Chinese wind turbine manufacturer Envision placed an investment in the German battery storage company Sonnen.
As set out in the 13th Five-Year-Plan for Energy of China, the government steps in and cancels the permitting as well as the construction process of coal-fired power plants across the country.