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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
POWER
Spain’s hydropower reserves continued to decline to 55.4% of capacity as of the end of calendar week 31, down from 57.2% the week prior amid low precipitation and higher power demand according to data from Spain’s Environmental Ministry.
- Hydropower output in Spain last week was broadly stable on the week at 3.22GW.
- Nuclear generation was broadly stable on the week at 6.83GW.
- Solar PV generation last week declined by 693MW to 8.2GW. Onshore wind output declined by 364MW to 5.2GW.
- Gas-fired generation last week increased by 1.63GW to 7.13GW.
- Power demand is Spain last week averaged 30GW, up from 29.25GW the week before.
- Looking ahead, the latest 6-10 days ECMWF forecast suggested mean temperatures in Madrid will remain well above the seasonal normal throughout the forecast period, with maximum temperatures around 41C this week.
- The hydro-intensive region of Huesca has seen no precipitation so far this week, with forecasts suggesting precipitation below 1mm/d this week.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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