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EU approves €900 million French biomass scheme

The European Commission has approved a €900 million French scheme to support companies investing in the use of biomass and renewable hydrogen in energy and fuel production, to foster the transition towards a net-zero economy in line with the Green Deal Industrial Plan.

read more... 05/04/2024

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The cost of Europe’s new nuclear power plants

An alliance of 14 pro-nuclear EU member states said the EU needs an additional 50 GW of nuclear power by 2050 to meet energy transition targets, requiring the construction of more than 30 new reactors.

read more... 05/04/2024

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Daily (04.04.2024): European carbon prices declined for third consecutive day on Wednesday amid reduced volatility and bearish gas prices

On Wednesday, oil prices continued their rise, supported by escalating geopolitical tensions and by a strong fuel demand in the United States last week. Hence, Brent crude increased by 0.5% to settle at $89.35 a barrel, while WTI crude stood at $85.43 a barrel, up 0.3% day-on-day.

read more... 04/04/2024

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Funding issue may blow Italy’s offshore wind plans off course

“Offshore plants risk not being built” unless incentives recently outlined by the government were raised, said Simone Togni, president of wind association ANEV.

read more... 04/04/2024

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EU investigates Chinese bidders over Romania solar tender

The European Union has opened two investigations into whether two Chinese bidders benefited excessively from subsidies in their offers in a public tender for a solar power park in Romania, the European Commision said on Wednesday.

read more... 04/04/2024

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