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Portugal doubles 2030 goals for solar and hydrogen capacity
Portugal has more than doubled its 2030 goals for installed capacity of solar energy and electrolysers to produce green hydrogen, as it aims to decommission natural gas-fired power plants by 2040 and possibly become carbon neutral by 2045.
read more... 04/07/2023
Italy aims to turn up renewable power to two thirds of total by 2030
Italy aims to generate nearly two thirds of its electricity from renewable energy sources by the end of the decade, the energy ministry said on Friday, slightly improving targets made public three years ago.
read more... 04/07/2023
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EU countries fail again to reach deal on power-market reform
European Union countries failed again to strike a deal on the reform of Europe's electricity market on Friday, with states still at odds over potential new state aid for power plants, diplomatic sources said.
read more... 04/07/2023
Daily (03.07.2023): Oil prices climbed on Friday as U.S. oil inventories witnessed a decline
On Friday, crude oil prices increased amid a larger-than-expected drop in US inventories, but economic concerns have limited the rise. Hence, Brent crude rose by 0.8% to settle at $74.90 a barrel. Meanwhile, WTI crude surged by 1.1% to end at $70.64 a barrel.
read more... 03/07/2023
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EU countries eye tighter subsidies in hunt for energy market deal
European Union countries are considering stricter limits on state aid for power plants in an upcoming revamp of Europe's electricity market, after disagreements between Germany and France over the issue sunk a deal last week.
read more... 03/07/2023