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Scholz promises 65 bln euros to shield Germans through tough winter
Germany will spend at least 65 billion euros ($64.7 billion) on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday, two days after Russia announced it was suspending some gas deliveries indefinitely.
read more... 05/09/2022
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8 EU nations eye 20 GW offshore wind in Baltic Sea by 2030
Denmark, Germany, Poland, Finland, Sweden and the Baltic countries want to develop 19.6 GW of offshore wind in the Baltic Sea by 2030 amid ongoing EU efforts to decarbonise the economy and reduce dependence on Russian gas.
read more... 02/09/2022
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Germany to refill gas storage ahead of schedule
Germany’s energy and climate ministry expects to meet a target early to replenish the country’s gas stocks, ensuring households and industry will be supplied this winter, Der Spiegel reported at the weekend.
read more... 01/09/2022
Denmark and Germany reach deal on 3 GW “energy island”
Denmark and Germany have reached an agreement to connect the Danish energy island Bornholm, with an installed capacity of 3 GW, to the German mainland via an interconnector.
read more... 01/09/2022
Daily (30.08.2022): The power prices for delivery in 2023 fell in France and Germany due to high gas storage levels ahead of winter
Crude oil prices extended gains on Monday amid potential OPEC+ output cuts and conflict in Libya. Brent crude soared by 4.1% to settle at $105.09 a barrel. U.S. WTI crude increased by 4.2%, to close at $ 97.01 a barrel.
read more... 30/08/2022