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Green shoots appear in Germany, Italy’s power market

Bloomberg Italy and Germany showed signs that they’re beginning to consume more electricity, suggesting economic activity may be starting to increase in some corners of Europe hardest hit by the coronavirus. In France and Spain, power use was steady in the past week, while Britain suffered a further slump. Those findings from grid operators shed light on how lockdowns to ...

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New Jersey needs space for ‘wind goals’

Bloomberg New Jersey Governor Phil Murphy will need more space in the Atlantic Ocean to meet his goal to get half the state’s electricity from offshore wind farms. There aren’t enough federal leases available off the coast of New York and New Jersey to supply the 7.5 gigawatts of wind farms that Murphy wants to develop by 2035, said Jim ...

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Europe’s lockdown pushes economy into record slump

Bloomberg Europe’s economy suffered a massive blow in April when government restrictions to contain the coronavirus left companies scrambling to stay afloat. An estimate of private-sector activity in the euro area plunged to just 13.5 from 29.7 in March, IHS Markit said on Thursday. The drop was far sharper than economists had anticipated and marks the lowest reading for the ...

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