The European Commission said on Wednesday it had approved the German government's 28 billion euro ($29.69 billion) support scheme for renewable energy, which is aimed at rapidly expanding use of wind and solar power.
read more... 22/12/2022
Germany's Bundestag has approved the introduction of a windfall levy on excessive earnings from renewable energy generation as part of a package of measures meant to cap gas and electricity prices through April 2024.
read more... 20/12/2022
The UK-based Octopus Energy Group has signed a power purchase agreement (PPA) with Shell Energy Europe to procure 2.4TWh of wind energy a year from the Dogger Bank offshore wind farm.
read more... 19/12/2022
Energy companies in Slovenia will pay a special tax on windfall profits under legislation that will channel revenue towards promoting renewable energy sources and price subsidies following a law passed on Friday.
read more... 13/12/2022
Oil prices extended losses on Wednesday, amid fears of a global recession. Consequently, Brent crude fell by 2.7% to $77.17 a barrel and WTI oil ended 3% lower at $72.01 a barrel.
read more... 08/12/2022