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E.ON to invest Eur27 billion by 2026 into Europe's energy transition
Europe's biggest energy network operator E.ON plans to invest some Eur27 billion ($30.4 billion) in the energy transition over the five years to 2026, the Germany-based utility said Nov.23.
read more... 24/11/2021
EU strategy seeks to remove carbon from atmosphere
The European Commission will reward green farming practices like afforestation and soil conservation while putting rules to identify activities that “unambiguously remove carbon from the atmosphere” under draft proposals seen by EURACTIV.
read more... 24/11/2021
Daily (23.11.2021): European carbon prices climbed to a new record high on Monday despite gas declines
Crude oil prices rebounded to some extent on Monday but remained under pressure after Japan said it was considering releasing oil reserves and as the COVID-19 situation in Europe deteriorated, raising concerns about both oversupply and weak demand. The gains were attributed to new rumors that the OPEC countries, especially Saudi Arabia, are reconsidering the production agreement they reached a few weeks ago, if the US and China indeed release oil reserves
read more... 23/11/2021
Bulb Energy collapse leaves 1.7 million without supplier
UK utility Bulb Energy has announced its collapse into administration, leaving 1.7 million customers without an energy supplier. The bankruptcy of the UK’s seventh-largest energy retailer marks the most recent and largest in a long line of UK utilities going bust because of high international energy prices.
read more... 23/11/2021
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OX2 to build and divest 455MW onshore wind farm in Finland
Sweden-based renewable energy developer OX2 has signed an agreement to build and sell a 455MW onshore wind farm in Lestijärvi, Finland, to a consortium of Finnish energy companies for Skr6.5bn ($732m).
read more... 23/11/2021