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Jul 17, 2026

Daily (17.07.2026): Gulf supply concerns keep oil on track for weekly rise despite Thursday pullback

Oil prices softened on Thursday as markets consolidated after a week of strong gains. Continued military exchanges between the US and Iran and reduced crude transit through the Strait of Hormuz kept supply concerns in focus, though traders appeared reluctant to extend the rally further. Hence, Brent crude decreased by nearly 1% to $84...

Jul 17, 2026

Turbine installation at the Thor Offshore Wind Farm has reached its midpoint.

RWE has reached a significant milestone in the development of the 1.1 GW Thor offshore wind farm, having installed 36 of the 72 turbines off the west coast of Denmark near Jutland. Each turbine, manufactured by Siemens Gamesa, can generate up to 15 megawatts, rises approximately 148 meters above sea level, and has rotor blades measuring 115 meters...

Jul 17, 2026

Fidra is nearing completion on a 500-MW battery project in England.

British energy storage developer Fidra Energy has secured all necessary financing for a 500-MW/1,100-MWh battery and energy storage system (BESS) at the former West Burton coal power station site in Nottinghamshire, England. The Edinburgh-based company announced on Friday that it intends to begin construction later this year, aiming to commence f...

Jul 17, 2026

Good Energy announces an agreement for offshore wind supply.

Good Energy has finalized its most substantial energy supply agreement in 26 years, securing power from Ørsted's Walney 1 and Walney 2 offshore wind farms. The two-year Power Purchase Agreement will grant the renewable energy provider 200GWh of electricity generated in the UK each year from October 2026 to October 2028. This amount constitutes ap...

Jul 17, 2026

EIA Raises 2026 U.S. Oil Production Estimate to Nearly 14 Million Bpd

The U.S. Energy Information Administration (EIA) has increased its forecast for U.S. crude oil production in 2026 in the most recent short-term energy outlook (STEO) released earlier this month. In its July STEO, the EIA now anticipates that U.S. crude oil output, including lease condensate, will average 13.78 million barrels per day this year. Th...

Jul 17, 2026

Storengy and PRISMA collaborate to link LNG imports with storage.

Germany's gas storage levels are notably lower than normal this summer, currently around 40%. This situation raises significant concerns about supply security, making the effective integration of increasing LNG volumes essential and emphasizing the need for flexible storage capacity. In response, Storengy Deutschland is introducing an industry-firs...

Jul 17, 2026

Wind permitting activity is slowing down in North Rhine-Westphalia, Germany.

North Rhine-Westphalia (NRW), a federal state in Germany, added 541 MW of new wind power capacity in the first half of 2026, according to the local renewable energy association LEE NRW. However, they cautioned that the slowdown in permitting activities and uncertainty in the sector could jeopardize billion-euro investments. Market data indicates t...

Jul 17, 2026

Uniper provides Q1 Energie AG with bio-LNG.

Uniper and Q1 Energie AG have made an agreement for the supply of bio-LNG. This renewable fuel will be made accessible for road transport across various German states through the Q1 bio-LNG network. This collaboration marks the first business partnership between the two companies and highlights their shared objective of promoting low-emission fuel ...

Jul 17, 2026

AmonRa Energy from Bulgaria intends to expand in Central and Western Europe.

Bulgarian solar photovoltaic (PV) equipment supplier AmonRa Energy announced on Friday its intention to expand into the Central European and Western European markets and enhance its local presence this year. The company plans to establish a logistics base in Shumen, Bulgaria, by the end of the year, as stated in a press release. AmonRa Energy is ...

Jul 17, 2026

Statkraft receives approval for a 600-MW onshore wind project in Sweden.

The Swedish government granted Norwegian energy company Statkraft permission on Thursday to construct the Hastliden wind farm, which will feature 85 turbines and is expected to produce 2 TWh annually. Hastliden is part of the extensive Markbygden 1101 wind farm initiative in Pitea municipality, developed by Svevind. Statkraft purchased Svevind’s o...

Jul 17, 2026

Enfinity and Strioga have partnered for a 150MW battery energy storage system in Italy.

Enfinity Global and E Energy Invest, the investment branch of the Strioga Family Foundation, have established a co-investment agreement for a 150MW battery energy storage system (BESS) project located in Livorno, Tuscany, Italy. According to the deal, the Strioga Family Foundation will purchase a 49.9% equity stake in the fully authorized BESS, wh...

Jul 17, 2026

Romania's energy production declines from January to May.

Romania's energy production decreased by 2.9% year-on-year in the first five months of 2026, reaching 6.705 million tonnes of oil equivalent (TOE), according to provisional figures released by the statistical office. The total energy resources of Romania, including imports, amounted to 12.928 million TOE from January to May, marking a 4.5% decline...

Jul 17, 2026

Spain's Ignis obtains a green loan for a 50-MW solar project domestically.

The Spanish energy company Ignis has obtained a green loan to construct and manage a 50-MW solar farm in Palencia province, northern Spain, according to a LinkedIn post from its lender. CaixaBank Corporate & Investment Banking announced that it acted as the mandated lead arranger, bookrunner, green loan coordinator, issuing bank, and financing ent...

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