Latest news
EU eyes 26pc renewable transport by 2030
A 312-page draft staff working document drawn up by the commission substantiates a forthcoming proposal to revise the EU's renewables directive as part of a wider package of measures to reach a 2030 target to reduce greenhouse gas (GHG) by 55pc. The document confirms a target share for renewables in overall energy consumption of at least 38-40pc in 2030, hinted at last year when the 55pc GHG cut was proposed.
read more... 06/05/2021
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Failure of EDF reform would hit its share of the French power market
Energy group EDF's share of the French power market is at risk of plummeting if a restructuring plan to improve its financing situation does not go ahead, its chief executive said in a letter to unions.
read more... 05/05/2021
CfD scheme set to add 6.8GW of renewable capacity in the UK
The Contracts for Difference (CfD) scheme could bring a significantly larger share of renewables to the UK’s grid, reaching 6.8GW by the end of the year.
read more... 30/04/2021
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Israeli energy giant plans $1.1B gas deal with UAE company
One of Israel's biggest energy companies plans to sell its share of a large offshore gas field to a firm based in the United Arab Emirates for an estimated $1.1 billion, the biggest such deal since the two countries normalised ties last year. Delek Drilling, owned by the Israeli billionaire Yitzhak Tshuva, said Monday that it signed a memorandum of understanding with Mubadala Petroleum, part of a conglomerate owned by the government of Abu Dhabi. The proposed deal was detailed in a notification filed with Israeli authorities.
read more... 27/04/2021
China to cut coal use share below 56% in 2021
China aims to cut its coal use to below 56% of energy consumption in 2021, the National Energy Administration (NEA) said in a statement on Thursday, but said the fuel would still play a vital role in ensuring the nation’s energy security.
read more... 23/04/2021