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EC approves Italy's plan to aid 4.6 GW of new renewables
Italy has received the approval of the European Commission (EC) for a state aid measure that will support the addition of 4,590 MW of new renewable power generation capacity.
read more... 05/06/2024
Volvo to issue world's first EV battery passport ahead of EU rules
Volvo Cars is launching the world's first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to start production, the Swedish automaker told Reuters.
read more... 05/06/2024
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EU clears 1.75 billion euro compensation for eastern German coal exit
Germany's economy ministry said it won the European Commission's clearance in principle to compensate power company LEAG with up to 1.75 billion euros ($1.90 billion) for exiting coal by 2038, part of Berlin's efforts to speed up decarbonisation.
read more... 05/06/2024
Daily (04.06.2024): Brent oil price settled below $80 a barrel on Monday for the first time since the beginning of February
Oil prices tumbled by about 4% on Monday, as the market resented OPEC+'s decision on Sunday to start phasing out part of its production cuts from October, with global demand concerns continuing to weigh on prices. Hence, Brent crude stood at $78.36 per barrel, while WTI crude closed at 74.22 per barrel.
read more... 04/06/2024
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Germany’s BNetzA outlines seven grid connections to transport wind power
Federal network agency the Bundesnetzagentur (BNetzA) has set out seven routes for future grid connections to be constructed by German transmission system operators (TSOs) to facilitate the transmission of wind power.
read more... 04/06/2024