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Plans unveiled for €1.6bn gigafactory in France to supercharge growing battery demand

Production in the gigafactory is scheduled to begin in 2023 with a capacity of 16GWh of battery cells which will later increase to 50GWh

read more... 31/07/2020

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German renewables levy to rise slightly in 2020 and peak the year after – think tank

Germany's renewables levy, the EEG surcharge, is expected to rise slightly from 6.41 cents per kilowatt-hour (kWh) this year to between 6.5 and 6.7 in 2020, according to calculations by think tank Agora Energiewende*. The main reasons for the expected rise are increasing wind power capacity and a declining balance in Germany’s “green energy account”, writes Agora Energiewende.

read more... 22/08/2019

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Daily (15.05.2019): Brent crude rose by 1.4% on Tuesday, after a drone attack on a Saudi Arabia oil firm

Crude oil prices soared on Tuesday, after the attack of the Yemeni explosive-charged drones on Saudi Arabia’s oil firm, Aramco, which shortly halted pumping. However, production and oil exports continued without disruption. Meanwhile, China-US trade negotiations are still not settled. As a result, Brent crude rose by 1.4% to $71.24 a barrel, while WTI futures traded 1.2% higher at $61.78 a barrel.

read more... 15/05/2019

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EU approves €5bn Polish energy scheme, probes surcharge reductions

The European Commission has approved a €5 billion (£4.3bn) Polish support scheme for co-generated electricity with surcharge reductions for large energy users.

read more... 16/04/2019

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EDF Energy to plug 1,500 vehicle-to-grid chargers in UK

EDF Energy has joined forces with a green technology company to install up to 1,500 vehicle-to-grid (V2G) chargers in the UK.

read more... 31/10/2018

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