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Dutch Government Boosts Grid Operator TenneT with €19B Loan
The Dutch government is stepping in again to support TenneT, the state-owned grid operator, with a new supplementary €19 billion bridge loan. This comes after a failed deal to sell TenneT's German network to Berlin. The loan will help meet rising electricity demand and support grid investments through 2026.
read more... 18/09/2024
French industry fears inertia on key energy, climate dossiers
Untreated dossiers like hydrogen, nuclear energy, and carbon capture are piling up on the desks of absent ministers, as France remains without a government since the July elections. Industry fears this governmental paralysis puts the country’s energy and climate goals and associated investment at risk.
read more... 06/09/2024
Poland commits $1.2bn for maiden nuclear power plant
Poland has announced an investment of 4.6bn zloty ($1.2bn) from its 2025 budget to initiate the development of the nation’s inaugural nuclear power plant (NPP), Bloomberg reported.
read more... 27/08/2024
Norway sovereign wealth fund commits $1 bln to renewable energy fund
Norway's sovereign wealth fund said on Monday it will commit 900 million euros ($1.01 billion) to the latest renewable energy fund of investment firm Copenhagen Infrastructure Partners (CIP).
read more... 27/08/2024
UK's $5.6 Billion Electricity 'Superhighway' Gets Green Light
After years of stagnation, the U.K.’s green transition finally appears to be underway, with great support from the country’s recently elected Labour government. Plans for an electricity ‘superhighway’ between Scotland and England have been approved, supported by new wind and solar energy projects across the U.K. This month, the U.K.’s energy regulator, Ofgem, approved a $5.6 billion electricity “superhighway” project, which will transport renewable power 300 miles between north-east Scotland and the north of England. The Eastern Green Link subsea power cable will be the largest in the country to date, with phase one expected to transport enough energy to power around 2 million homes in England. This will be the biggest single investment in the U.S. grid to date, to be funded by energy bills. Work on the project by SSE and National Grid is expected to commence later this year, with phase one to be completed by 2029.
read more... 26/08/2024