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May 2, 2024

Germany selects 326 projects in 2.2 GW solar tender

Germany’s Federal Network Agency on Tuesday announced the winners of its latest significantly oversubscribed solar auction, awarding a total capacity of 2,234 MW to 326 successful bids as prices witnessed further decrease. The auction, which ended on March 1, targeted projects for ground-mounted solar photovoltaic (PV) installations and solar in...

May 2, 2024

Energiequelle starts building 54-MW wind farm in northwest Germany

German project developer and plant operator Energiequelle GmbH said on Tuesday that it has started construction works on a 54-MW wind farm in the state of Lower Saxony in northwest Germany. The facility is being built in the town of Zeven and will be equipped with nine Vestas V162 turbines of 6 MW each and a hub height of 169 meters (554 ft). On...

May 2, 2024

Egypt signs land deals for 8 GW of wind projects

The Egyptian government has signed land receipt agreements with Norwegian renewable power producer Scatec ASA and a group led by Orascom Construction for the development of two wind projects with a combined capacity of 8 GW west of Sohag. The first deal was signed between the head of Egypt's New and Renewable Energy Authority (NREA) Mohamed Al-K...

May 2, 2024

Renault slashes production time to help ensure lower prices on new EVs

To make its second wave of its electric models more affordable, Renault has significantly reduced production time. Renault Chief Technology Officer Gilles Le Borgne says the forthcoming Renault 5 small full-electric hatchback is produced in less than 10 hours, down from 14 hours for a comparable-sized Clio with an internal combustion engine. ...

May 2, 2024

China's Zeekr to join Mercedes, BMW in Level 3 tech race

Geely premium electric carmaker Zeekr will follow Mercedes-Benz and BMW by offering Level 3 autonomy in European markets where the technology is allowed, the head of the brand's Swedish R&D facility said. Starting next year the automaker's two European models – the X compact SUV and 001 midsize shooting brake – will offer hands- and eyes-off dri...

May 2, 2024

Dollar edges higher ahead of key Federal Reserve meeting

The U.S. dollar edged higher Wednesday, climbing towards its highest level in November ahead of the conclusion of the latest Federal Reserve policy-setting meeting. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 106.240, after earlier climbing as high as 106.3...

May 2, 2024

Shell exits China power market businesses

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses. Shell decided to exit the power value chain in China, which includes power generation, trading and marketing businesses, it said in a statement. The decision was effective from the end of 2...

May 2, 2024

Ukraine hopes to boost winter gas storage for Europe by 60%

Ukraine hopes to store around 4 billion cubic metres (bcm) of gas for foreign companies and traders this winter, up 60% from last year, despite Russian airstrikes on the country's energy infrastructure, the head of Ukraine's state energy firm said. Storing gas helps Ukraine to collect revenues while providing Europe with additional supply flexib...

May 2, 2024

London and Scotland lead in electric charging access

London and Scotland boast the highest provision of charging devices per 100,000 people in the UK, with 221 and 93 devices respectively, while the UK average stands at 89 per 100,000. Northern Ireland holds the lowest provision at 29 devices per 100,000, followed by the North West and Yorkshire and the Humber with 53 each. Scotland leads in 50...

May 2, 2024

‘UK losing green investment race’

Chris Stark, former head of the UK’s Climate Change Committee, has raised concerns that the UK is losing green investment opportunities to other nations. Speaking to the Financial Times, Mr Stark pointed out Prime Minister Rishi Sunak‘s retreat on net zero targets and the UK’s inadequate response to President Joe Biden’s Inflation Reduction Act ...

May 2, 2024

National Grid to tackle grid bottlenecks with new tool

National Grid and Smart Wires have teamed up to improve grid technology, aiming to reduce congestion and boost clean energy transmission efficiency. With support from Ofgem’s Network Innovation Allowance, partners are developing a tool to coordinate advanced power flow control devices, unlocking savings and enhancing power flow capacity. The ...

May 2, 2024

IFC signs agreement to support geothermal in Bishkek, Kyrgyzstan

The Ministry of Economy and Commerce of Kyrgyzstan and the International Finance Corporation (IFC) have signed an agreement on the use of geothermal energy for heating and cooling initially in the capital city of Bishkek, and subsequently throughout the country. The IFC will support the project by facilitating financing from international partners ...

May 2, 2024

Detailed tests ongoing for geothermal heating at Krizevci, Croatia

A series of tests have been done on an existing geothermal well in the city of Krizevci in Croatia to determine the characteristics and parameters of the reservoir required for exploitation. The final goal of the project is to use the geothermal well for heating of the complex of public buildings in the immediate vicinity of the well. In the 198...

May 2, 2024

EU sets out terms of approved Czech nuclear state aid

The European Commission has approved the Czech Republic's proposed public support package for new nuclear - after a series of modifications were made to address their concerns during an inquiry which began in June 2022. The Czech Republic plans to grant direct price support in the form of a power purchasing contract with a state-owned special pu...

May 2, 2024

UK's National Physical Laboratory and CERN sign MoU

The memorandum of understanding will see the UK's National Physical Laboratory (NPL) joining CERN's neutron time-of-flight facility with studies aiming to benefit advanced nuclear reactors, fuel cycles and nuclear fusion. CERN - the European Laboratory for Particle Physics, based in Switzerland - has the world leading neutron time-of-flight faci...

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