Oil prices dropped on Wednesday, driven by profit-taking and the continuing offensive stance of the US Federal Reserve, with doubts about the robustness of demand. As a result, Brent crude fell by 1.7% to settle at $89.66 a barrel, while WTI crude stood at $93.53 a barrel, down 1% day-on-day.
read more... 21/09/2023
The European Union will put forward a package of measures to support its wind power industry as renewable energy companies struggle with challenges including inflation, European Commission President Ursula von der Leyen said on Wednesday.
read more... 14/09/2023
Construction work has started on the long-delayed 700-kilometre (430-mile) power line that will transfer wind-generated electricity from northern to southern Germany, the economy ministry said Monday, pushed by an energy crisis.
read more... 12/09/2023
Offshore wind developers stayed away from Britain's latest renewable energy auction on Friday, arguing the price offered by the government did not reflect rising industry costs, something which is hampering wind projects globally.
read more... 11/09/2023
Germany's wind power expansion is facing an unexpected roadblock: builders need permits to transport the heavy turbines down the country's roads, and they are waiting months to get them.
read more... 08/09/2023