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€400bn needed for offshore grids by 2050
Europe’s first-ever Offshore Network Development Plan, published on Tuesday (23 January), highlights the huge investment needed to connect offshore wind farms to final consumers, with an estimated 54,000 kilometres of transmission assets expected to be built in European waters by 2050 – almost 1.5 times the equator’s length.
read more... 25/01/2024
Germany to miss 2024 heat pump target by half
Despite record sales in 2023, Germany’s political target of 500,000 heat pumps for 2024 looks out of reach amid a drastic drop in natural gas prices and a drawn-out political fight over heat pump mandates.
read more... 25/01/2024
Daily (24.01.2024): Forward electricity prices rose by about 1% on Tuesday amid comfortable supply outlook and bearish gas prices
Oil prices edged down on Tuesday, with concerns about the health of demand outweighing possible supply disruptions. As a result, Brent crude ended at $79.55, while WTI crude settled at $74.37 per barrel, both contracts falling by about 0.6%.
read more... 24/01/2024
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Belgium to focus on energy grids, H2 during EU presidency
Developing more power grids, offshore energy and international hydrogen trade are three of Belgium’s strategic energy priorities during its six-month EU presidency until the end of June.
read more... 24/01/2024
Belgium to focus on energy grids, H2 during EU presidency
Developing more power grids, offshore energy and international hydrogen trade are three of Belgium’s strategic energy priorities during its six-month EU presidency until the end of June.
read more... 24/01/2024