Latest news
BP commits to Germany with $11 billion low-carbon investment push
BP plans to invest up to 10 billion euros ($10.7 billion) in low-carbon fuels, renewables and EV charging in Germany by the end of the decade to rival local power firms, as competition over the energy transition of Europe's largest economy intensifies.
read more... 13/09/2023
Daily (12.09.2023): German spot power surged dramatically by 44% due to the initiation of labor strikes at Chevron's LNG production facilities
Crude oil prices remained relatively steady as they appeared to have reached a point of equilibrium due to the combination of declining demand and reduced OPEC production. Hence, Brent crude traded at $90.64 a barrel. Meanwhile, U.S. WTI edged 0.3% lower at $87.29 a barrel.
read more... 12/09/2023
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Work starts on key German wind power energy line
Construction work has started on the long-delayed 700-kilometre (430-mile) power line that will transfer wind-generated electricity from northern to southern Germany, the economy ministry said Monday, pushed by an energy crisis.
read more... 12/09/2023
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Germany's wind power expansion stalls on the roads
Germany's wind power expansion is facing an unexpected roadblock: builders need permits to transport the heavy turbines down the country's roads, and they are waiting months to get them.
read more... 08/09/2023
Germany, Italy highlight growing European nuclear divide
Germany’s place as the leader of Europe’s anti-nuclear lobby has been further solidified as Chancellor Olaf Sholz doubled down on his view that nuclear has no place in the country’s energy mix, while Italy has vowed to speed up its integration of nuclear energy in a bid to cut costs, save the economy, and power the Green Transition.
read more... 04/09/2023