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EU countries fail to agree energy reforms after coal subsidy clash
European Union countries failed on Monday to agree on planned new rules for the bloc's power market, having clashed over a proposal to extend subsidies for coal plants under the reform, and a push to expand state aid for other power plants.
read more... 20/06/2023
Europe in danger of losing EV battery race
Europe is in danger of losing the race to become a global battery powerhouse as access to raw materials remains a major roadblock along with rising costs and fierce competition, a report by the European Court of Auditors (ECA) said on Monday.
read more... 20/06/2023
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Finnish wind power pipeline totals 121GW
Finland has a total of 121GW of new wind power capacity in line to be installed across the country, comprising 386 onshore wind projects and 32 offshore wind farms. But the bulk of these projects are still in the early phases of development, a report by the Finnish wind association said.
read more... 15/06/2023
Italy must add 190 GW of renewables by 2035 to meet G7 pledge
Italy needs to add 190 gigawatts (GW) of renewable energy capacity by 2035 if it wants to meet a G7 pledge to reach a close to net-zero power system in the next decade, climate change think-tank ECCO and consultancy firm Artelys said.
read more... 13/06/2023
Daily (12.06.2023): Strong solar generation and low demand put significant pressure on European spot power prices
Crude oil prices dipped on Friday in anticipation of U.S. Federal Reserve meeting and potential interest rate increases. Hence, Brent crude decreased by 1.5% to settle at $74.79 a barrel. At the same time, WTI Crude traded 1.6% lower at $70.17 a barrel.
read more... 12/06/2023