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G7 coalition has agreed to set fixed price for Russian oil

The Group of Seven rich nations and Australia have agreed to set a fixed price when they finalize a price cap on Russian oil later this month, rather than adopting a floating rate, sources said on Thursday.

read more... 04/11/2022

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Poland picks U.S. offer for its first nuclear power plant

U.S. firm Westinghouse Electric Co will build Poland's first nuclear power plant, Prime Minister Mateusz Morawiecki said on Friday, confirming a long-awaited decision aiming to reduce the country's carbon emissions and phase out coal.

read more... 31/10/2022

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Poland’s power grid needs €25 billion upgrade for renewables

Poland’s electricity network requires a major investment of at least €25 billion to enable the transition away from coal towards renewables and nuclear energy, according to a recent report on Poland’s energy transition.

read more... 28/10/2022

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Germany's biggest power producer RWE to phase out coal by 2030

Germany's largest power producer RWE said on Tuesday it is bringing forward its coal phase-out by eight years and is ready to end lignite-based electricity generation in 2030 as part of a deal reached with the government.

read more... 05/10/2022

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Germany to use windfall tax income to reduce energy prices for end consumers

Germany's government will use income from windfall taxes to lower end-consumer prices for gas, oil and coal, German Chancellor Olaf Scholz said on Sunday, announcing measures to mitigate the impact of rising energy prices on its population.

read more... 06/09/2022

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