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Jul 26, 2024

Comal buys land for 500-MW solar factory in Italy

Italian photovoltaic systems installer Comal SpA has acquired an industrial site in the Province of L'Aquila where it plans to build an up to 500-MW factory to produce solar modules. The land was bought as part of a EUR-16.1-million (USD 17.5m) investment earmarked for the project, Comal said on Wednesday. Italian bank Mediocredito Centrale is ...

Jul 26, 2024

Germany reduces onshore wind tender volume

For the third time this year Germany's Federal Network Agency has reduced the tender volume available for onshore wind energy from an initial 4093MW to 2708MW. The German Federal Wind Energy Association (BWE) responded saying it understands the reasons for the first two decreases such as delays in the supply chain for certain components and subs...

Jul 26, 2024

Dollar stable ahead of PCE data; euro edges higher, yen slips

The U.S. dollar steadied in early European trade Friday ahead of the release of key inflation data, the euro edged higher while the Japanese yen slipped slightly but remained on course for its strongest week in three months. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded l...

Jul 26, 2024

Finland’s Gasum halts Russian LNG imports

“Gasum complies with all sanctions imposed by the EU and has accordingly ceased all purchases of Russian LNG,” the state-owned company said in a statement. Gasum had a long-term contract with Russia’s Gazprom that required it to pay for gas regardless of whether it was collected. However, the EU sanctions adopted in June allowed Gasum to stop fu...

Jul 26, 2024

Launch of France’s delayed Flamanville EPR imminent

“We are in the home stretch for the Flamanville divergence [meaning the first nuclear reaction], which is imminent. And I won’t say exactly what imminent means because our teams are working on it every hour of the day,” he said during a financial results press call. Grid connection was “scheduled for a few weeks later”, once the reactor reached ...

Jul 26, 2024

EDF looks towards future projects after flagging tough second half

French energy giant EDF aims to meet its schedule for future nuclear reactor projects, its CEO said on Friday, with final tests ahead of the start-up of its newest French reactor imminent after years of delays. The group earlier reported a jump in first-half profit on higher electricity production, but said regional market prices had fallen and ...

Jul 26, 2024

Hungary to face fuel shortages from September without Lukoil supplies

Hungary will face fuel shortages from September if full Russian oil flows are not restored, a government official said on Friday, accusing Ukraine of blackmailing it by partially suspending supplies. Eastern European Union members Slovakia and Hungary have been hit by a stop in flows from Russian group Lukoil coming via Ukraine after sanctions ...

Jul 26, 2024

Shell to build 100MW hydrogen plant

Shell Deutschland GmbH has announced an investment in a new renewable hydrogen project. The company has decided to move forward with REFHYNE II, a 100MW proton exchange membrane (PEM) hydrogen electrolyser. This facility, which will be located at the Shell Energy and Chemicals Park Rheinland, is set to commence operations in 2027. It is an...

Jul 26, 2024

Fortis Energy buys 180 MW solar project in Serbia

Turkish renewable energy producer Fortis Energy said it has acquired a 180 MW solar project with a battery energy storage system (BESS) in Serbia's northwestern town of Sremska Mitrovica. The project is expected to be one of the largest solar plants and energy storage systems in Southeast Europe, the company said in a statement on Friday. For...

Jul 26, 2024

Masdar acquires $887m of solar assets from Spain’s Endesa

United Arab Emirates-based Masdar has signed an agreement to acquire a 49.99% stake in Endesa’s 2.5GW renewable energy portfolio in Spain, valued at €1.7bn ($1.8bn). Masdar’s investment of €817m represents one of the largest renewable energy transactions in Spain. The deal was supported by acquisition financing from a consortium of banks incl...

Jul 26, 2024

Ameresco Sunel Energy begins work on 560MWp Greek solar project

Ameresco Sunel Energy has initiated the construction of Lightsource bp’s 560 megawatts peak (MWp) ENIPEAS solar project in Greece. Ameresco Sunel Energy is a collaboration between Ameresco and Sunel Group, an engineering, procurement and construction specialist. The ENIPEAS solar project is backed by the European Union’s NextGenerationEU fund...

Jul 26, 2024

Framatome to provide Slovakia with VVER fuel

French state-owned nuclear company Framatome has signed a contract with Slovak utility Slovenské elektrárne to provide fuel to its water-water energetic (VVER) reactors from 2027. Under the long-term contract, Framatome will provide fuel to reactors at Bohunice and Mochovce. The agreement follows a memorandum of understanding signed by the two c...

Jul 26, 2024

Qair grows German fleet with newly-commissioned PV park

French independent renewable power producer Qair said on Thursday it has put on stream a new solar photovoltaic (PV) park in the southwestern German state of Baden-Wurttemberg. The Volkertshausen plant is located on the shores of Lake Constance, covering 1.5 ha (3.7 acres) of land. In addition to power generation, the site will be used for sheep...

Jul 26, 2024

Greece's Faria adds 35-MW solar project to domestic portfolio

Greek renewable energy company Faria Renewables SA has expanded its domestic portfolio with a 35-MW solar project bought from privately-owned corporation Vasileiadis Group of Companies. The construction of the photovoltaic (PV) park is due to start immediately, Faria said in a LinkedIn post on Thursday, adding that the acquisition is aligned wit...

Jul 26, 2024

Sector urges French energy certainty by year end on deadlock

A “lack of visibility” could boost the flight of energy sector firms and investors from the country, they added. With a caretaker government set to remain in place amid recent elections for at least another month until after the Olympic Games in Paris, there was a “great deal of vagueness” on energy matters, said Phuc-Vinh Nguyen, an analyst at ...

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