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Renewable energy surge revives Europe's power trade

2015-04-17 13:26:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The rise of renewable energy is delivering a boost to Europe's declining power market as traders get busy in short term deals to juggle unpredictable supplies of wind and solar. Exchanges show more trade as suppliers buy and sell power closer to when demand will appear, to meet their delivery obligations, because electricity cannot be stored effectively. New players are also attracted by lower capital requirements and risks. "As the percentage of renewables generation increases, the need for...

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