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Gulf Energy buys German wind farm

Gulf Energy Development has acquired Germany's Borkum Riffgrund 2 (BKR2) offshore wind farm, worth more than 19 billion baht, in a move to expand its renewable energy business in Asia and Europe this year.

read more... 08/07/2020

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Germany passes ‘coal-exit’ law to phase out fossil fuels by 2038

German lawmakers have voted a roadmap for the coal-free era in the country, which includes abandoning nuclear power by 2022

read more... 06/07/2020

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Daily (25.06.2020): Oil prices fell sharply by over 5% on Wednesday amid surging coronavirus cases and a record increase in U.S. crude stocks

Crude oil futures fell sharply on Wednesday as new coronavirus cases in Germany and across several U.S. states is threatening oil recovery. Moreover, the record increase in U.S. crude inventories added further pressure on oil markets. Hence, Brent crude dived by $2.32, or 5.4%, to settle at $40.31 a barrel. At the same time, U.S. WTI crude ended at $38.01 a barrel, sinking by $2.36, or 5.8%.

read more... 25/06/2020

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Great Britain becomes Europe’s second highest producer of wind

Britain become the second highest producer of wind generation in Europe, surpassing Spain, according to data released by EnAppSys. The new data looked at levels of European wind generation in the first 23 weeks of 2020 (January through May) and found that Britain ranked second after Germany during the period.

read more... 16/06/2020

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Germany to invest $10.2B in hydrogen expansion

Germany announced it will invest €9 billion ($10.2 billion) to boost its hydrogen strategy, aimed at becoming a global supplier of “state-of-the-art” hydrogen technology, Kallanish Energy reports.

read more... 09/06/2020

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