News

SSE Renewables, the green energy division of British utility SSE plc, has launched its 28-MW Chaintrix-Bierges and Velye wind farm in the Grand-Est region of northeastern France.The project was completed on schedule and within its budget, with a total investment that surpassed EUR 30 million (USD 32.5 million). SSE Renewables announced on...

France has launched a final public consultation for the third iteration of its Multi-Year Energy Program (PPE), presenting a revised plan that aims to lower the national solar deployment target for 2035 to 90 GW.The PPE3 will be in effect from 2025 to 2035. The government has issued a draft of the updated program and is seeking feedback u...

The upper chamber of Poland's parliament, the Senat, has approved the amended legislation concerning maritime areas, while also introducing additional amendments, two of which relate to the development of offshore wind farms.This legislation outlines the guidelines for conducting research, managing sunken hazardous materials, and diving o...

Schroders Greencoat has achieved a significant milestone of 2GW in operational solar capacity in the UK, which is enough to power approximately 730,000 homes annually.The renewable investment manager reached this goal with the recent activation of the Eynsham solar site in West Oxfordshire.With over 200 operational solar project...

Xiaomi, the Chinese smartphone giant, has recruited at least five high-ranking officials from various automakers, including BMW, based on LinkedIn updates, as it moves forward with its initiative to establish an electric vehicle R&D center in Europe.The third-largest smartphone manufacturer globally started producing electric vehicles (EV...

SUSI Partners has sold a 95MW wind farm in Sweden to the Norwegian energy firm Equinor.The Lyngsasa wind farm, situated in the southern part of the country, features 22 turbines that generate an average annual power output of 311GWh.This amount of electricity is sufficient to meet the needs of over 60,000 Swedish households, not...

Stellantis, in collaboration with its Chinese partner Leapmotor, views Spain as the leading option for manufacturing the B10 electric SUV aimed at the European market, according to an individual familiar with the situation.The two companies have been exploring locations in Europe to produce this model, which made its European debut last S...

The U.S. dollar increased on Friday, continuing its recent recovery after the Federal Reserve indicated there was no urgent need to lower interest rates.At 05:25 ET (09:25 GMT), the Dollar Index, which measures the dollar against a group of six other currencies, was up 0.2% at 103.710, recovering from a five-month low reached earlier this...

BP has reached an agreement to sell a portion of its investment in a company involved in the TANAP gas pipeline, which connects Azerbaijan and Turkey, to Apollo Global Management for $1 billion, as announced by both companies on Friday.CEO Murray Auchincloss is leading a $20 billion divestment plan set to continue until 2027, as BP aims t...

Kazakhstan's oil production has hit an all-time high this month due to oilfield expansions, surpassing OPEC+ production limits, as indicated by two industry sources and calculations from Reuters on Friday.The country has consistently exceeded its OPEC+ quotas in recent months and has pledged to lower output under pressure from OPEC+ leade...

Following a peak in early February that reached two-year highs, gas prices in Europe have been declining. This trend may accelerate as the period of weakest demand for gas-fired power approaches. The initial strength in gas prices this year was mainly due to increased demand for heating during winter and lower-than-normal wind generation, which com...

The renewable energy firm Masdar from Abu Dhabi is considering purchasing a stake in the renewable assets of the French oil giant TotalEnergies in Portugal, according to three sources familiar with the situation who spoke to Reuters.Any potential agreement would likely be carried out through Saeta Yield, the green energy company that Masd...

Molgas Energy, a company based in Madrid that specializes in downstream LNG and renewable gases, has started delivering bio-LNG at the Port of Zeebrugge in Belgium. This action is part of its commitment to offering low-carbon energy solutions throughout Europe.The company announced this achievement through a social media post on March 20,...

Elektrodistribucija Srbije (EDS), the Serbian state-owned power distribution company, has entered into a contract worth 8.53 million euros ($9.24 million) for an Advanced Metering Infrastructure (AMI) system with the local company NITES. This agreement is part of a smart metering expansion project that is being funded by the European Bank for Recon...