Latest news

EU chief announces electricity market overhaul amid ‘skyrocketing’ prices

In an about-turn, the President of the European Commission, Ursula von der Leyen, acknowledged that the EU’s electricity market “does not work anymore” and needs to be adapted to the “new realities of dominant renewables”.

read more... 13/06/2022


Sweden's H2 Green Steel signs 14-TWh PPA to power planned electrolyzer

H2 Green Steel has signed a 14-TWh power purchase agreement with Norway's Statkraft for its planned low-carbon steel production plant in Northern Sweden, the companies said in a statement June 8.

read more... 09/06/2022


Switzerland Risks Power Shortages Next Winter

Switzerland’s power supply remains uncertain for next winter and troubles with enough electricity capacity cannot be ruled out, the Swiss Federal Electricity Commission, Elcom, said in its annual news conference this week.

read more... 06/06/2022


RWE buys 1.4-GW Dutch Magnum gas-fired power plant for Eur500 million

German utility RWE has bought the 1.4-GW Magnum power station in Groningen, the Netherlands from Sweden's Vattenfall for Eur500 million ($534 million), the utilities said June 2.

read more... 03/06/2022


Finland needs to build more power capacity

Finland needs to build more power generation and continue nuclear investment following the loss of Russian energy imports, said the head of the Finnish Energy Industries Association.

read more... 26/05/2022