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Spain urges EU to act on soaring energy prices

Spain has called on the EU to back measures to limit surging electricity prices as controversy deepens over the cost to ordinary citizens of the bloc’s strategy to reduce carbon emissions.

read more... 04/08/2021

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Daily (04.08.2021): Weaker carbon prices weighed on the energy complex on Tuesday

Oil prices slipped on Tuesday as surging cases of the Delta coronavirus variant outweighed expectations for another weekly draw in U.S. inventories. Hence, Brent crude lost 0.7% to settle at $72.41 a barrel. Meanwhile, U.S. WTI crude declined by 1% to close at $70.56 a barrel.

read more... 04/08/2021

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Turbine work delays Olkiluoto 3 start up

Regular electricity production at the Olkiluoto 3 (OL3) EPR will begin in March 2022 - one month later than previously planned, Finnish utility Teollisuuden Voima Oyj (TVO) announced. It said the delay has been caused by extra turbine overhaul and inspection works.

read more... 03/08/2021

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UK pushes floating wind farms in drive to meet climate targets

In waters 15km south-east of Aberdeen, renewable energy companies are preparing to celebrate yet another landmark in the drive to end Britain’s reliance on fossil fuels.

read more... 03/08/2021

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Enel agrees to buy hydro assets from Italy's ERG in 1 billion Euro deal

Enel said it has agreed to buy hydroelectric assets from Italian renewable energy group ERG in a deal worth one billion euros ($1.19 billion).

read more... 03/08/2021

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