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EC clears EUR-2.9bn French tax credit scheme for green industries
The European Commission (EC) on Monday approved, under state aid rules, a EUR-2.9-billion (USD 3.17bn) French tax credit scheme to support the production of solar panels, batteries, wind turbines and heat pumps, as well as associated key components and critical raw materials.
read more... 10/01/2024
Daily (09.01.2024): Gas prices fell sharply on Monday amid forecasts of milder weather
On Monday, oil prices tumbled. The drop was attributed to Saudi Arabia's decision to reduce its tariffs as part of a strategic move to reposition itself amid uncertainties and increasing competition in the market. As a result, Brent crude settled 3.3% lower at $76.12, while WTI crude declined by more than 4% to stand at $70.77 per barrel.
read more... 09/01/2024
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France unveils draft ‘energy sovereignty bill’, with emphasis on nuclear
The “draft bill on energy sovereignty”, which could still change before its final presentation in the coming weeks, lays out France’s energy objectives for 2030.
read more... 09/01/2024
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Dutch government to turn on 'pilot light' output at Groningen gas field
The Dutch government said on Monday it would turn on the "pilot light" - meaning minimal production - at two stations in the Groningen gas field due to impending cold temperatures in the Netherlands.
read more... 09/01/2024
Norway's Statkraft to invest up to $6.6 bln in hydro, wind power
Norway's state-owned renewable power producer Statkraft on Monday said it plans to invest up to 6 billion euros ($6.56 billion) to upgrade its domestic hydro and wind power facilities and to build new onshore wind farms.
read more... 09/01/2024