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Portugal's renewable energy production hit new record in 2023
Renewable power sources supplied 61% of Portugal's electricity in 2023, up from 49% a year earlier, hitting a new record thanks to periods of heavy rains, strong winds and good doses of sunshine, grid operator REN said on Tuesday.
read more... 03/01/2024
Daily (27.12.2023): European spot electricity prices rocketed amid weaker wind generation
Crude oil prices surged more than 2% on Tuesday, hitting their monthly peak. The increase was due to fears of shipping disruptions following further Red Sea ship attacks and hopes of interest rate cuts boosting economic growth and fuel demand. Hence, Brent crude traded at $81.07 a barrel, while WTI crude traded at $75.57 a barrel.
read more... 27/12/2023
Romanian government approves offshore wind law for Black Sea power plants
On Thursday, the Romanian government approved a bill to make it easier to harness the Black Sea’s abundant offshore wind energy.
read more... 22/12/2023
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26 countries sign ‘European Wind Charter’ to shield EU industry
All EU countries except Hungary have signed a joint declaration to protect Europe’s wind industry from “unfair trade practices” coming from Chinese manufacturers.
read more... 21/12/2023
Norway cuts planned onshore wind tax rate to 25%
Norway's parliament has agreed to introduce a 25% resource tax on onshore wind from the start of next year, a reduction of 10 percentage points from the government proposal.
read more... 14/12/2023