December 27, 2024
Solar and wind covered only 6.2% of German power demand
By admin | |
On the morning of 27 December, wind power accounted for 6.2% of the electricity demand in Germany and solar for 0%. Wind provided less than 2.9 GW or 4% of the nominal installed capacity of 71.7 GW. Most of German power generation came from coal and natural gas. Germany was also heavily dependant on expensive electricity imports.
Global corporate borrowing climbs to record $8tn in 2024
By admin | |
Corporate borrowing climbed by more than a third from 2023 to $7.93tn. While yields for investment-grade US corporate debt is at 5.4% compared with 2.4% three years ago, they are only 0.77 percentage points above government debt, the lowest level in decades. This convinced companies to pull forward bond issuance originally planned for next year.