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EU's von der Leyen pledges more support for wind industry
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
Nuclear gets a boost from Europe's new green energy targets
European lawmakers bowed to pressure from France to allow nuclear power to be used for ammonia and hydrogen production in order to pass new legally binding targets to expand renewable energy development in the European Union.
read more... 14/09/2023
BP commits to Germany with $11 billion low-carbon investment push
BP plans to invest up to 10 billion euros ($10.7 billion) in low-carbon fuels, renewables and EV charging in Germany by the end of the decade to rival local power firms, as competition over the energy transition of Europe's largest economy intensifies.
read more... 13/09/2023
Daily (12.09.2023): German spot power surged dramatically by 44% due to the initiation of labor strikes at Chevron's LNG production facilities
Crude oil prices remained relatively steady as they appeared to have reached a point of equilibrium due to the combination of declining demand and reduced OPEC production. Hence, Brent crude traded at $90.64 a barrel. Meanwhile, U.S. WTI edged 0.3% lower at $87.29 a barrel.
read more... 12/09/2023
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Europe's solar industry warns of bankruptcy risk as prices drop
Europe's solar power industry warned on Monday of a "precarious" situation for European solar photovoltaic (PV) manufacturers as solar PV prices reached record lows.
read more... 12/09/2023