The EU Commission ratifies the German renewable energy act 2021. Hydrogen also continues to boom, with energy giants planning their hydrogen strategies. The EU’s increased climate target agreed on in April could lead to a tightening of the EU ETS in June. Commodity and CO2-prices continued to rise in April, and strong winds caused negative prices on the spot market during Easter.
March 2021 is characterised by low feed-in from renewables, like the entire first quarter of 2021. The results of the heavily oversubscribed second coal tender have also been released this month. Commodity and CO2 prices rose again in March.
Hydrogen is and remains a hot topic in February 2021 with new project announcements. Furthermore, there were outright records in the prices for CO2-certificates. Commodity prices also rose in February, while renewable power generation was weak compared to the same month last year.
There are more and more indications that the increased use of hydrogen from renewable or non-CO2-emitting sources is necessary for increased climate protection efforts. The Federal Government’s National Hydrogen Strategy aims to set the framework for hydrogen production and utilisation in Germany.
By the end of 2020, the Spanish government approved the reformation of its renewable energy (RE) auctions. More precisely they did that in order to support the achievement of their RE targets outlined in its National Energy and Climate Plan (PNIEC 2030). In this blogpost, we will discuss the consequences.
After a long back and forth, the Renewable Energy Act (EEG) 2021 was finally approved in the German parliament on 17 December 2020 and came into force on 1 January 2021. This blog post outlines the most important changes of the amendment and gives an up-to-date insight into the PPA market.
While the EEG amendment for 2021 has still not been finally adopted, the new energy balancing market started in Germany on 2 November 2020 and the EU Commission has approved the German coal phase-out. Prices on the futures market rose again in November 2020.
While the renewable energy levy for 2021 was politically capped in advance at 6.5 ct/kWh, there were major changes in the scenarios of the International Energy Agency’s World Energy Outlook 2020. With rising Corona figures, the commodity markets also plummeted again towards the end of October.