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UNEP, IEA and Italy launch new initiative on power system modernisation
A new initiative aimed at accelerating progress on power system modernisation and the effective utilisation of demand-side resources has been launched.
read more... 05/10/2021
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TenneT launches tender for 2GW Dutch wind hub
Transmission system operator TenneT has gone to market for its first 2GW offshore wind connection system in the Dutch North Sea.
read more... 05/10/2021
Energy price crunch risks derailing UN climate talks
The current hike in energy prices is threatening to overshadow the COP26 climate summit this November as countries scramble to tackle the rising costs of electricity, oil and gas, warned a senior executive at Spanish power firm Iberdrola.
read more... 05/10/2021
Daily (04.10.2021): Oil prices gained 1% on Friday, supported by stronger demand and higher US equities
Crude oil prices increased on Friday, on the back of stronger demand and a rise in US equities. However, gains were limited by the prospect of the OPEC+ meeting on Monday where producing countries could decide to increase their production. Hence, Brent oil closed 1% higher at $79.28 a barrel and WTI crude rose by 1.1% to $75.88 a barrel.
read more... 04/10/2021
Power firms, investors, complain to EU about Spanish profit claw-back
Power firms including wind energy leader Iberdrola and investors have complained to European officials about a Spanish move to claw back company profits and channel them to consumers hit by high energy prices, a letter seen by Reuters showed.
read more... 04/10/2021