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Daily (22.05.2023): Germany and France spot power prices fell by about 40% on Friday amid higher renewables
Brent crude slipped by 0.3% to $75.58 a barrel on Friday, pressured by stronger dollar and official EIA data, which showed an increase in US crude stocks. Meanwhile, WTI crude traded 0.4% lower at $71.55 a barrel.
read more... 22/05/2023
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Approval of EU renewables law delayed as France ‘plays hardball’ on nuclear
Formal approval of the EU’s renewable energy directive has been postponed following a last-minute objection by Paris, which wants further “guarantees” on low-carbon hydrogen derived from nuclear power.
read more... 19/05/2023
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Key lawmaker wants revenue cap in EU electricity market reform
The European Parliament’s lead negotiator on the EU’s power market reform has sparked concern by proposing the return of a controversial revenue cap for power generators with cheap production costs, like renewables and nuclear.
read more... 18/05/2023
EU countries to finalise 42.5% renewable energy target
European Union countries are set to finalise a new renewable energy target to get 42.5% of the bloc's energy from renewable sources by 2030, a final version of the law showed.
read more... 16/05/2023
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Norway postpones controversial onshore wind power tax
The Norwegian government said on Thursday it was postponing plans to introduce additional taxes for onshore wind power operators by a year to 2024 amid industry concern it may derail renewable energy expansion.
read more... 12/05/2023