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Daily News

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Mar 6, 2025

Daily (06.03.2025): A rise in US crude stockpiles and the prospect of increased OPEC+ supply weighed on oil prices on Wednesday

On Wednesday, crude oil prices declined as markets reacted to the prospect of increased OPEC+ supply from April and concerns that a U.S.-led global trade war could hinder demand growth this year. Additional pressure came from a larger-than-expected rise in U.S. crude stockpiles due to seasonal refinery maintenance.As a result, <strong...

Mar 6, 2025

Ventus secures contracts for Moray West and East.

High voltage services company Ventus Energy has obtained contracts with Ocean Winds to assist with the 1800MW Moray West and Moray East offshore wind farms located off the coast of Scotland.The first contract pertains to Moray West and lasts for 18 months, providing comprehensive operations and maintenance (O&M) for the offshore transmiss...

Mar 6, 2025

Terna Energy from Greece is working on a 130 MW solar power station in Bulgaria.

Greek renewable energy firm Terna Energy, a subsidiary of the Emirati state-owned company Masdar, announced on Thursday that it is constructing a 130 MW solar photovoltaic (PV) power plant in Bulgaria.The initiative involves setting up the PV station along with the necessary grid connection infrastructure, including a new 33/110 kV substa...

Mar 6, 2025

Axpo signs a 10-year power purchase agreement with Croatia's Klimaoprema.

Axpo, a power producer and trader based in Switzerland, announced on Thursday that it has entered into a ten-year corporate power purchase agreement (cPPA) with Klimaoprema, a Croatian manufacturer of cleanroom systems, ventilation, and air conditioning equipment.The agreement entails the supply of approximately 17.5 gigawatt hours (GWh) ...

Mar 6, 2025

The UK and Ireland are set to enhance their collaboration on offshore wind initiatives.

The UK and Ireland are set to collaborate more closely to enhance subsea energy infrastructure and maximize the offshore wind potential within the Irish and Celtic seas.A new data sharing agreement between the UK and Irish governments will establish a foundation for commercial developers to boost offshore energy by reducing bureaucratic h...

Mar 6, 2025

A geothermal heating facility in Turek, Poland is set to become operational by 2026.

The second geothermal well has been finished and the construction of the heating plant is making progress, so the city of Turek in Poland is set to receive geothermal heat by June 2026.This update was provided by the Municipal and Housing Enterprise in Turek (Przedsiębiorstwo Gospodarki Komunalnej i Mieszkaniowej / PGKiM Turek). The initi...

Mar 6, 2025

Romania's Monsson is set to construct a renewable energy facility worth 10 million euros.

Romanian renewable energy developer Monsson announced on Thursday that it will establish a factory for producing and assembling components for the industry near the former Petrila coal mine, located in Hunedoara County in the west of the country."We have accessed the Just Transition Program and with 70% co-financing, we plan to start cons...

Mar 6, 2025

The natural gas pipeline from Igdır to Nakhchivan has been inaugurated.

The Igdır-Nakhchivan natural gas pipeline, representing the strong ties between Türkiye and Azerbaijan, was officially opened, as announced by Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, on Wednesday.During the inauguration of the pipeline in Igdır, a province in eastern Türkiye, the Minister highlighted that en...

Mar 6, 2025

The Dutch grid company TenneT intends to invest $216 billion by the conclusion of 2034.

The Dutch state-owned power grid company TenneT anticipates investing around 200 billion euros ($216 billion) by 2034 to enhance its power grids in the Netherlands and Germany, as announced on Thursday.TenneT mentioned that its investments will surpass 10 billion euros in 2024, aimed at alleviating congestion and expanding the grids to su...

Mar 6, 2025

Innovative energy storage system is now operational

A groundbreaking battery energy storage system is now up and running at Blackhillock in Scotland. With a capacity of 200MW and 400MWh, this system is the largest of its kind in Europe, representing a significant advancement towards a stable, renewable energy-powered grid.Provided by Wärtsilä for Zenobē, this project is part of the Network...

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