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Norway to spend $1.2 bln on renewable projects in developing nations
Norway will allocate 10 billion crowns ($1.16 billion) over five years towards renewable energy investments in developing countries to cut greenhouse gas emissions, the government said on Wednesday, and urged private investors to work with it.
read more... 08/07/2021
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Terna to invest $21 billion in Italian grid for energy transition
Italy’s Terna has pledged to invest a record 18.1 billion euros ($21 billion) in the country’s power grid over the next 10 years to meet the demands of the energy transition and economic recovery.
read more... 08/07/2021
Daily (07.07.2021): Oil prices slumped by over 3% on Tuesday after OPEC producers canceled meeting over supply dispute
Crude oil prices slumped on Tuesday after OPEC producers failed to agree a supply increase. On Monday, ministers from OPEC canceled a meeting after failing to resolve a dispute between the largest producer Saudi Arabia and the United Arab Emirates. Hence, Brent crude slumped by $2.63 a barrel, or 3.4%, to settle at $74.53 a barrel. U.S. WTI crude tumbled by $1.79, or 2.4%, to end at $73.37 a barrel.
read more... 07/07/2021
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Acciona places firm deal for Nordex turbines at 923-MW Aussie wind farm
German wind turbine maker Nordex SE said today it has received a firm order to supply turbines for Acciona Energia’s 923-MW MacIntyre wind project in Queensland, Australia.
read more... 07/07/2021
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French gas storage mechanism seen paving way for 100% renewable gas
The European Commission’s green light for a natural gas storage aid scheme in France was welcomed by infrastructure operator Storengy, which says it will allow the transition to 100% renewable gas. EURACTIV France reports.
read more... 07/07/2021