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TenneT to invest up to €5bn a year to prepare grids for energy transition
The largest grid operator in the Netherlands and Germany, TenneT, has unveiled plans to spend up to €5 billion (£4.2bn) every year to build the electricity infrastructure needed for the energy transition.
read more... 15/03/2021
Germany launches blockchain energy trading project
Germany has launched a state-subsidised research project that will look at how to make use of blockchain technology in adapting power trading to the growing share of decentralised renewable power generation under the country's energy transition.
read more... 02/02/2021
Global energy transition investment ‘hit $500bn mark in 2020’
Solar and wind received the lion’s share of renewable investments globally, according to a new report
read more... 21/01/2021
Italy's Edison sells Norway upstream assets to focus on energy transition
The deal, which includes a portfolio of five exploration licences and reserves of 25.9 million barrels of oil equivalent, is expected to close before the end of June
read more... 31/12/2020
Daily (25.11.2020): Oil futures surged to 9-month high on Monday amid strong optimism on coronavirus vaccine, transition to Biden presidency
Crude oil futures climbed to fresh multi-month highs on Tuesday as optimism arising from potential coronavirus vaccines overshadows inventory build-up in the US. The beginning of transition of power in the White House added further support to WTI. Hence, Brent crude surged by $1.80, or 3.9%, to close at $47.86 per barrel. Meanwhile, U.S.WTI crude soared by $1.85, or 4.3%, to finish at $44.91 per barrel. Both contracts reached their highest settlements since March, even returning to levels before the outbreak of the coronavirus pandemic.
read more... 25/11/2020