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EU Commission asks Bulgaria to cut energy subsidies, reduce consumption
The European Commission has asked Bulgaria to suspend the current scheme of state subsidies for the private sector to reduce the budget deficit and implement measures to reduce electricity consumption.
read more... 26/05/2023
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UK to unveil solar roadmap in 2024
The government has announced plans to publish a solar roadmap in 2024, outlining the actions needed to increase the country’s solar capacity nearly fivefold by 2035.
read more... 26/05/2023
World’s largest green hydrogen plant reaches financial close
Saudi Arabia’s Neom Green Hydrogen Company (NGHC) has completed a financial close for its hydrogen plant at a total investment value of $8.4bn.
read more... 26/05/2023
Daily (25.05.23): Oil prices increased by 2% on Wednesday amid OPEC supply cut speculations
Falling U.S. stockpiles and warning from the Saudi energy minister that OPEC+ could reduce its production weighted on oil prices on Wednesday. Brent and WTI crude rose by 2% to settle at $78.36 and $74.34 a barrel respectively.
read more... 25/05/2023
EU wants end to energy support measures by 2024
The European Commission wants all EU states to "wind down" energy support measures in force at present by the end of this year.
read more... 25/05/2023