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Solar PV industry caught up in China forced-labour controversy
Political momentum is swaying in favour of European solar panel manufacturers, as work progresses on a new EU law banning forced labour practices that would effectively block Chinese imports.
read more... 19/02/2024
Daily (05.02.2024): Oil prices extended losses on Friday amid surging U.S. employment concerns and Fed policy worries
Oil prices extended losses on Friday, with the market under pressure of a higher-than-expected U.S. employment figure, sparking concerns that the Fed may keep its tight policy in place longer than initially expected. Consequently, Brent crude declined by about 2% to settle at $77.33, while WTI crude tumbled by over 2% to settle at $72.28 per barrel.
read more... 05/02/2024
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€400bn needed for offshore grids by 2050
Europe’s first-ever Offshore Network Development Plan, published on Tuesday (23 January), highlights the huge investment needed to connect offshore wind farms to final consumers, with an estimated 54,000 kilometres of transmission assets expected to be built in European waters by 2050 – almost 1.5 times the equator’s length.
read more... 25/01/2024
Brussels clears French ‘green’ state aid worth over €8 billion in just one month
According to EU figures released this week, the European Commission has approved more than €8 billion in French state aid to decarbonise industry and develop renewable energies in just one month.
read more... 12/01/2024
Spain, France won’t ban Russia LNG despite EU “gesturing”
Two of the three EU countries most reliant on Russian LNG – Spain and France – are unlikely to ban Russian imports despite Brussels paving the way for national restrictions, with one trader telling Montel the move was simply a “gesture”.
read more... 12/01/2024