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France plans new structure to develop PPAs

France is working on a plan to facilitate industrial consumers' access to power purchase agreements (PPAs) with renewable power plant developers, likely to be implemented next year.

read more... 15/09/2021

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Daily (14.09.2021): Crude oil prices climbed at their highest level in around 6 weeks as supply disruptions linger

Crude oil prices climbed to a six-week high on Monday as a slow return of production in the U.S. Gulf outweighs some bearish notes set by the OPEC. The producer’s group recently cut their demand growth outlook for the fourth quarter due to the impact of the Delta variant. Hence, Brent crude increased by 0.8% to settle at $73.51 a barrel. U.S. WTI crude rose by 1% to close at $70.45 a barrel.

read more... 14/09/2021

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NS2 operator certification unlikely until 2022

German energy regulator Bnetza has until early January to reach and publish a draft decision on the 55bn m³/yr Nord Stream 2 project developer's application to act as the line's operator, with a final decision not likely until summer 2022.

read more... 14/09/2021

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Italvolt purchases land, moves closer to building 45 GWh gigafactory

Future European battery maker Italvolt has signed a land purchasing agreement for an area of 1 million square meters in Italy's Scarmagno municipality for its planned 45 GWh gigafactory, taking it one step closer to starting battery production.

read more... 14/09/2021

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World’s largest direct air capture and CO2 storage plant on in Iceland

Last week, Swiss company Climeworks launched Orca, the world’s largest direct air capture and storage plant that permanently removes CO2 from the air. The plant is located in proximity to the Hellisheidi geothermal power plant by ON Power near Reykjavik, Iceland.

read more... 14/09/2021

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