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May 21, 2025

Daily (21.05.2025): EUAs increased on Tuesday amid a technical rebound and progress on EU–UK carbon market linkage

Crude oil prices closed marginally lower on Tuesday, weighed by new data indicating a weakened economic outlook for China, the globe’s top crude importer. However, ongoing geopolitical uncertainty surrounding U.S.-Iran and Russia-Ukraine developments capped losses. Hence, Brent crude slipped by 0.2% to $65.38 per barrel. Meanwhile, <...

May 21, 2025

The EU grants almost EUR 1 billion to 15 initiatives in a green hydrogen auction.

The European Commission (EC) has allocated EUR 992 million (USD 1117.2 million) to support 15 renewable hydrogen production projects in its second auction under the European Hydrogen Bank (EHB). These facilities are projected to produce around 2.2 million tonnes of hydrogen over the next decade, leading to a reduction of more than 15 million tonn...

May 21, 2025

Italian electricity bills will incorporate extra charges for licenses.

Italian electricity bills will see increased costs due to new charges on utilities for license extensions, announced Enel, Italy's largest power provider. Last year, the government extended electricity distribution licenses, originally set to expire in 2030, by up to 20 years. In exchange, utilities were required to make a one-time payment to the s...

May 21, 2025

Unsold German storage reduces the global LNG balance for the third quarter.

A lack of commercial interest in certain German storage facilities may support European injection demand in the third quarter, coinciding with peak summer demand in Asia. Operators are finding it difficult to market underground storage capacity at the 45TWh Rehden and 11.5TWh Breitbunn sites, likely due to the insufficient prompt discount of the G...

May 21, 2025

Trianel and VEW have formed a joint venture to co-develop a 63-MW wind project in Germany.

Trianel Wind and Solar GmbH & Co KG, part of the German municipal utility Trianel, and the renewables association VEW have created a joint venture to construct a 63-MW wind farm in Hesse, central Germany. Named Windpark Rhoder Forst GmbH and Co KG, this new venture will plan, install, and operate the wind farm, aiming to enhance wind power use in ...

May 21, 2025

Energiekontor has successfully secured financing for 40 MWp of solar projects in France.

German wind and solar developer-operator Energiekontor AG has finalized all necessary financing and is set to begin work on two solar projects in France with a total capacity of approximately 40 MWp. These solar parks, marking the company's first projects in France, will be integrated into Energiekontor's portfolio upon becoming operational. Rig...

May 21, 2025

BayWa r.e. has sold its biggest battery project in Europe to Vopak.

BayWa r.e. AG, the struggling renewables division of German company BayWa AG, has sold its largest European battery project, a Dutch initiative that has already obtained land, necessary permits, and a 300-MW grid connection approval. The ready-to-build project, created by the German firm's Dutch subsidiary GroenLeven, was purchased by local indepe...

May 21, 2025

TotalEnergies and Ksi Lisims have entered into a Sales and Purchase Agreement (SPA).

TotalEnergies has entered into a sales and purchase agreement (SPA) with Ksi Lisims LNG to acquire 2 million tons per year of LNG for 20 years from a future liquefaction facility, contingent upon the project's final investment decision. Additionally, TotalEnergies is purchasing a 5% share in Western LNG, the project's developer and future operator...

May 21, 2025

SSE begins construction on a 208-MW wind farm in Scotland.

British utility SSE plc announced on Tuesday that early construction activities have begun at its 208-MW Strathy South Wind Farm in the Scottish Highlands, with plans to complete it by late 2027. The GBP 400 million (USD 534.5 million/EUR 475.2 million) project will operate under a 15-year contract for difference (CfD) awarded in the UK governmen...

May 21, 2025

OPEC is still hopeful about oil demand even with economic uncertainties.

OPEC Secretary General Haitham Al Ghais stated on Tuesday that the organization's outlook for global oil demand growth is "generally optimistic," despite challenges such as trade risks and global economic uncertainties. Al Ghais led the 17th Technical Meeting of OPEC and Non-OPEC Countries involved in the 'Charter of Cooperation,' which included re...

May 21, 2025

Proposed EU regulations on low carbon hydrogen encounter resistance from the EPP.

Recently leaked draft criteria for 'low-carbon' hydrogen production lack support from the largest political group in the European Parliament, as two leading members of the European People’s Party (EPP) have informed the EU's energy chief. EPP's industrial policy lead Christian Ehler and Andrea Wechsler urged energy commissioner Dan Jørgensen to a...

May 21, 2025

Polsat and ZE PAK have begun producing electricity at a 139 MW wind farm in Poland.

Polsat Plus Group, a Polish media investor, and local utility ZE PAK, part of the group, announced on Tuesday that their 139 MW wind farm in Drzeżewo has begun supplying electricity to the grid. Once fully operational, expected in the fourth quarter of this year, this facility will nearly double the wind production capacity of the group's four wi...

May 21, 2025

Global solar energy production is poised to surpass nuclear for the first time.

Global electricity generation from solar farms is expected to surpass nuclear reactor output for the first time this summer, highlighting a significant advancement in solar energy's role in global energy systems. Although solar farms only produce electricity during the day and lag behind wind, nuclear, and hydro systems on an annual basis, they ca...

May 21, 2025

Ørsted begins construction on an expansion of a 62-MW wind farm in Brandenburg.

Ørsted A/S has begun the construction phase for its 61.6-MW Bahren West II wind farm in Brandenburg, Germany, which expands an existing facility that started operations two months ago. The Danish energy company announced on Tuesday that all preparatory work is finished and that earthworks and road construction are currently in progress. Following...

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