News

Energy solutions company GP JOULE GmbH has recently commissioned a solar park with a capacity of around 54 MWp in the federal state of Saxony in eastern Germany. GP JOULE was contacted to build the facility by project developer Solarparc Kleinschirma GmbH & Co KG, part of Solarparc group. The Kleinschirma solar park will produce about 60,500 ...

Recently-founded energy storage firm Green Energy Vault unveiled a plan to invest DKK 500 million (USD 74m/EUR 67m) to build one of the largest energy storage systems in Denmark, a 90-MWh facility at Hirtshals Harbour. The total investment amount includes DKK 275 million for the facility itself, plus DKK 225 million that the company will invest ...

Italian renewable power producer and retailer Eni Plenitude SpA has launched commercial operations at a 13-MW wind farm in Spain, lifting its installed renewable energy capacity in the country to 440 MW. The Numancia wind park is located in the Almarza area of Soria and is equipped with three Vestas V136 turbines, the Italian firm said on Tuesda...

Better Energy has signed its first power purchase agreement (PPA) in Finland. The renewables player has signed a 10-year solar offtake with packaging producer Faerch enabling it to build a solar park near Hanko in southern Finland. Through the PPA, Faerch will offtake enough renewable energy to cover around 70% of its annual electricity c...

BayWa’s renewables business has completed a 51MW solar farm in Italy. The Tarquinia solar farm consists of more than 94,000 fixed modules. BayWa r.e. acted as the general contractor and developer of the project, managing not only the development of the park and all the authorisation phases, but also its construction and the installation of t...

bioconstruct has announced one of its biggest contracts in its corporate biogas history to date in the UK. The company has been commissioned to build a biomethane injection plant, as well as electricity and heat production, near Liverpool in England. The facility will be one of the most advanced of its kind in Europe and plays a central role ...

The U.S. dollar edged lower Tuesday, but remained near seven-week highs as traders mulled the outlook for Fed monetary policy in the wake of last week’s strong jobs report. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 102.139, after climbing to a near two-mo...

The region’s power surplus was set to jump from 47 TWh currently to 65 TWh by 2027, mainly due to new green capacity coming online in Sweden and Finland, said Sigbjorn Seland, chief analyst at StormGeo. “So without fairly significant electricity consumption growth going forward, it will push prices much lower,” he told Montel in a video intervie...

China is studying raising tariffs on large-engine vehicles and will start collecting duties on brandy from Europe, escalating a trade spat after the European Union decided to impose tariffs on Chinese electric vehicles. "China is studying measures including raising the tariffs on imported gasoline cars with a large engine capacity," the Ministry...

Large-scale energy users “are not purchasing many renewable PPAs” because the offers available were unattractive, said Juan Antonio Labat, director general of Spain’s chemical lobby Feique, during an industry conference in Madrid. Firms can currently benefit from near-zero prices during many hours of the day in the wholesale market amid a boomin...

Denmark will postpone the roll-out of a green hydrogen transmission pipeline between western Denmark and northern Germany by three years to 2031 from 2028, the country's energy ministry said on Tuesday. Denmark has worked with transmission system operator Energinet to make the timeline more reliable and to limit delays, Energy Minister Lars Aaga...

Plans to divide Britain’s electricity market into regional price zones have sparked concerns among some of the country’s largest industry groups. In a letter to ministers, UK Steel, Make UK, RenewableUK, and the Global Infrastructure Investor Association argued that such changes could increase costs for manufacturers and deter investment, posing...

The House of Commons is set to hold sessions today, 8th October, to further consider the Great British Energy Bill. The discussions will feature a range of witnesses from various sectors, including industry leaders and representatives from trade unions. The first session is scheduled to begin at 9:25 am, with Juergen Maier, Chair of Great Bri...

Ofgem and Innovate UK have jointly announced the allocation of £9.7 million in funding through the Strategic Innovation Fund (SIF) to support 21 successful projects. These initiatives aim to address critical challenges in network planning, renewable energy integration, demand management and long term energy storage. The funded projects were s...