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450 MW offshore wind park to be built in Adriatic Sea

Italy-based energy services company Saipem has announced plans to build one of the first wind farms in the Adriatic Sea in cooperation with two other domestic firms. The offshore wind power plant, described as the biggest in Italy, will have an installed capacity of about 450 MW.

read more... 27/08/2020

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Daily (25.08.2020): British front-month gas price rallied by about 10% on Monday amid reduced available export capacity in Norway

Oil prices ended higher on Monday as storms Marco and Laura expected later in the week halted more than half of oil production in the Gulf of Mexico. As a result, Brent crude rose by 78 cents, or 1.76%, to settle at $45.13 a barrel. At the same time, U.S. WTI crude settled at $42.62 a barrel, rising by 28 cents, or 0.7 %.

read more... 25/08/2020

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Motor Oil buys 40-MW wind farm in Greece

Greek petroleum refiner Motor Oil Hellas (FRA:MHZ) has acquired a wind farm with 40 MW of licenced capacity in northern continental Greece.

read more... 24/08/2020

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‘World’s largest’ battery storage project unveiled in California

The Gateway Energy Storage project in San Diego County, currently with a capacity of 230MW, is said to be on track to reach 250MW by the end of the month

read more... 21/08/2020

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Government’s green investments in developing countries help slash 30m tonnes of emissions

Since 2011, the UK has offered £2.2 billion of finance to fight climate change and installed 2000MW of clean energy capacity, according to Defra’s report

read more... 20/08/2020

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