News

The US dollar experienced a slight decline on Tuesday, giving up some of its recent gains as the Trump administration delayed several planned trade tariffs, while still confirming a trade conflict with China.At 04:30 ET (09:30 GMT), the Dollar Index, which measures the dollar against a group of six other currencies, was down 0.5% to 108.3...

Last year, Croatia increased its solar energy capacity by 397.1 MW, rising from 238.7 MW installed in 2023, according to the country's renewable energy sources association, which made the announcement on Tuesday.Currently, there are over 26,000 solar power plants in Croatia, generating an overall capacity of 872.1 MW, and the nation is on...

The Coriance Group has officially commenced the drilling of a new geothermal doublet in the Alfortville area, located in the suburbs of Paris, France. The new wells will aim for the Dogger formation at a depth of 1600 meters, where water temperatures of 73 °C are anticipated. This drilling process is expected to take around three months, with commi...

The French energy firm Engie has declared the signing of 4.3GW in power purchase agreements (PPAs) for 2024, an increase from 2.7GW in the prior year.This raises the company’s total portfolio of contracted PPAs to 14GW.In 2024, ENGIE signed 85 agreements across five continents: North America, South America, Asia, Europe, and Oce...

OPEC+ has decided to maintain its strategy of gradually increasing oil production starting in April and has excluded the U.S. government's Energy Information Administration from the resources it uses to track production and compliance with supply agreements.During Donald Trump's first term from 2016 to 2020, there were frequent disagreeme...

The European Union should adhere to the 2025 CO2 emission regulations and implement incentives for purchasing electric vehicles (EVs) instead of lifting fines for car manufacturers who fail to meet their targets, a European industry group representing automakers, battery manufacturers, and charging companies stated on Monday.E-Mobility Eu...

The main cooling water supply pumping units and those linked to the backup diesel power supply are currently going through load tests, with the equipment's operating parameters being verified after the preliminary runs of the main cooling water pumps.The Akkuyu nuclear power plant, which consists of four units, will utilize water from the...

Investors with assets totaling 6.6 trillion euros have called on the European Union to maintain its sustainability regulations, as Brussels plans to reduce bureaucracy related to green finance.This month, the European Commission will unveil a proposal aimed at simplifying reporting obligations under sustainability frameworks, as some comp...

Israel is seeking assistance from its citizens to produce electricity and benefit financially as the demand escalates, encouraging them to install solar panels on their rooftops to harness sunlight as a vital natural resource.Renewable energy currently accounts for approximately 15% of Israel's electricity production, with around 70% deri...

The operator of Russia's Novovoronezh nuclear power plant has demonstrated a commitment to improving operational safety, according to a conclusion by an International Atomic Energy Agency (IAEA) mission team.The purpose of the IAEA Operational Safety Review Team (OSART) missions is to evaluate safety performance against IAEA safety standa...

Equinor's Johan Sverdrup oilfield in the North Sea has experienced a power failure expected to continue for approximately 8 hours, as indicated by a regulatory statement on the Nord Pool website on Tuesday."Operational issues, troubleshooting in progress," the notice mentioned.The operator Equinor did not provide an immediate re...

Serbia's oil and gas company NIS, which is controlled by Russia's Gazprom, announced that it is contemplating a withdrawal from Bulgaria and Romania due to operational difficulties in these markets."Management is [...] evaluating the possibility of exiting these markets if the challenges continue or intensify, which includes assessing the...

TenneT has entered into a realization agreement with a consortium that includes SSE Renewables and pension investor APG, representing the pension fund ABP (APG/ABP), for an offshore grid connection to the IJmuiden Ver Alpha wind farm, situated 60 km off the coast of the Netherlands.This project is the first wind farm to utilize the 2GW di...

Swedish developer Blykalla, which specializes in lead-cooled small modular reactor technology, has commenced construction on a pilot facility for an electrical small modular reactor near Oskarshamn to test the feasibility of its SEALER technology.The groundbreaking event was graced by the presence of Swedish Deputy Prime Minister and Mini...