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Hungary and Poland plan nuclear to replace coal

Hungary is now the sixth European country to bring forward its coal phaseout plan, announcing that it will shut its last remaining coal plant in 2025. Meanwhile Poland says its first nuclear power unit will be built in Gdansk and the second one probably at the site of its Belchatów coal plant.

read more... 08/03/2021

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Italy’s energy demand slumped to record lows in 2020

The country’s fall in energy demand is the highest since the Second World War, a new study finds.

read more... 08/03/2021

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Renewables bring 47% of Germany's power in 2020

Germany’s renewable power plants accounted for 47% of Germany’s overall power generation mix in 2020, up from 42.3% a year back, new statistics show.

read more... 08/03/2021

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Daily (05.03.2021): Oil prices soared by 4% on Thursday following the positive conclusion of the OPEC+ summit

Crude oil prices strengthened significantly on Thursday, as OPEC+ summit members concluded on a marginal increase in petroleum production. As a result, Brent oil and WTI crude both surged by 4.2% to trade at $66.74 a barrel and $63.83 a barrel, respectively.

read more... 05/03/2021

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Hidroelectrica eyes hydrogen project with Verbund

The project hopes to produce 80,000 t/yr of green hydrogen from renewable generation sources and transport the hydrogen to offtakers in central and western Europe.

read more... 05/03/2021

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