Wind power

Warm Weather and Wind Power Generation favor the Gas Situation in Europe

European countries continue to draw blue fuel from underground natural gas (GNG) storages at minimal rates, and wind power generation in the region exceeds 30% of the total, reaching one of the highest levels since 2022, data from Gas Infrastructure Europe shows and the European Wind Energy Association.

Gas Prices in Europe Fall below 70 Euros/MWh for the First time since the Beginning of Russia’s Invasion of Ukraine

Natural gas in Europe continues to fall in price at the start of the new year, falling below €70 per megawatt-hour (MWh) for the first time since the beginning of the military invasion of Ukraine, which Russia launched on February 24, 2022.

Gas, electricity prices hiked

Natural gas and electricity prices have been hiked, authorities have announced, citing rising costs globally.

Electricity prices for households were increased by 20 percent, effective Sept. 1, the Energy Market Regulatory Authority (EPDK) said in a statement.

Under the new tariff, households will pay 173.5 Turkish Liras/100 kilowatts per hour.

Wind, solar energy saves Turkey $7 bln in imports

Wind and solar power generation has lowered Turkey's import bills by preventing $7 billion of fossil fuel imports in the last 12 months, London-based Ember said in a report.

In the following months, approximately $700 million in savings is expected each month if the gas price remains the same, the think-tank predicted.

US offshore wind power lease sale nets record $4.3 billion

Energy companies bid a record $4.37 billion on Feb. 25 for leases to develop wind power off the U.S. east coast, authorities said, after sales key to America's renewable electricity ambitions.

The six sites are in an area called the New York Bight and total 488,000 acres (197,500 hectares), making it the biggest U.S. renewable power auction ever.