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May 22, 2026

UK to eliminate tax loophole aimed at oil and gas companies' profits.

British Finance Minister Rachel Reeves announced on Thursday that she would prevent multinationals, including oil and gas companies, from minimizing their tax obligations through corporate structures that utilize foreign branches. In her speech outlining various measures to assist British consumers, Reeves indicated that these reforms would help ...

May 22, 2026

The German Offshore Wind Industry Organization is urging the reinstatement of sites from 2023-2025 for projects that have not yet achieved financial close.

The German Offshore Wind Energy Association (BWO) has suggested that the government establish a legal framework allowing developers to voluntarily relinquish offshore wind sites that are unlikely to progress, facilitating a quicker reallocation of those sites. The association believes this would avoid prolonged blockages of offshore wind zones and...

May 22, 2026

French PM excludes widespread fuel tax cuts due to strict budget limitations.

France will continue to provide only limited assistance to consumers affected by soaring fuel prices, according to Prime Minister Sebastien Lecornu. He announced an additional €710 million ($823 million) in support and encouraged a transition to electric vehicles. Paris has been hesitant to reduce fuel taxes, unlike many other European nations, ev...

May 22, 2026

Blue Elephant initiates a 268-MWp solar project supported by Deutsche Bahn.

Blue Elephant Energy GmbH, a German operator of solar and wind farms, has begun the construction of a 268-MWp solar park that will supply power to Deutsche Bahn AG. The Schafhofen facility, which is expected to become one of Germany's largest solar farms, is planned to be operational by September 2027, as announced by Blue Elephant. Located in th...

May 22, 2026

Stellantis Reveals €60 Billion FaSTLAne 2030 Strategic Initiative

Stellantis revealed its FaSTLAne 2030 plan, a €60 billion ($69.6 billion) strategic initiative spanning five years, focusing on over 60 new vehicle launches. The plan includes a diverse powertrain lineup featuring 29 battery-electric vehicles, 15 hybrids, 24 hybrid electric vehicles, and 39 internal combustion or mild-hybrid models by 2030. CEO Ant...

May 22, 2026

EDF partners with an alliance to back the AI Gigafactory proposal.

A coalition of companies, including EDF, has formed the AION consortium to back the proposal for a European AI Gigafactory in France. The French utility is collaborating with tech firms Artefact, Bull, and Capgemini, telecommunications companies iliad Group and Orange, along with Scaleway and private equity firm Ardian. Together, they aim to lever...

May 22, 2026

Dutch government establishes renewable gas blending requirement.

The Dutch government has officially presented its bill for a renewable gas blending obligation to parliament. This legislation mandates suppliers to lower a specific amount of greenhouse gas (GHG) emissions each year by providing biomethane to their consumers. It also permits imports from other EU nations. Under this framework, suppliers are requi...

May 22, 2026

Citroen has confirmed the 2CV name and design for a £15,000 city car.

Citroën has announced the return of the famous 2CV name for its forthcoming £15,000 electric city car and provided a sneak peek of its design ahead of the unveiling at the Paris motor show in October. During the Stellantis investor day presentation in Michigan, Citroën CEO Xavier Chardon showcased the new entry-level EV and stated: "The 2CV is bac...

May 22, 2026

Jacobs will conduct environmental assessments for the Oldbury site in the UK.

Great British Energy - Nuclear has chosen the US company Jacobs to create environmental baseline data for the Oldbury site, which is designated for new nuclear capacity in the UK, with AtkinsRéalis and AECOM serving as subconsultants. Simon Roddy, CEO of Great British Energy - Nuclear, stated: "In our efforts to prepare Oldbury for nuclear develop...

May 22, 2026

Terre et Lac secures RGreen loan for 74 MWp of solar power in France.

French independent renewable energy producer Terre et Lac Group has secured EUR 50 million (USD 58.1m) in funding to aid its growth through the development of a 74-MWp solar park portfolio in France. The new financing was provided as short-term capital by French investment manager RGreen Invest, as announced by Terre et Lac on Thursday. This port...

May 22, 2026

Polestar Halts Development of Its Electric Sports Car, but It's Nearly Complete.

The Polestar 6 was intended to be a clear indication of the company’s ambitions: a specialized electric sports car targeting the Porsche 718 EV. Although Polestar had confirmed plans for production, the project seems to have taken a backseat, leaving its timeline uncertain. Graeme Lambert, Polestar's global communications director, mentioned to Ed...

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