The European Union could move to ban imports of Russia’s pipeline gas by the end of this year if it puts preliminary measures in place, Walter Boltz, energy advisor to the Austrian government, has told Independent Commodity Intelligence Services (ICIS).
read more... 14/06/2023
Scottish and Southern Energy Networks (SSEN) Transmission will invest 10 billion pounds ($12.5 billion) in networks in Scotland which will enable the connection of up to 11 gigawatts of offshore wind projects, it said on Tuesday.
read more... 14/06/2023
On Monday, crude oil prices declined as a result of weak economic data from China and the possibility of interest rate hikes. Furthermore, higher supply from Russia has contributed to the overall downward trend in oil prices. Hence, Brent crude dropped by 4% to settle at $71.84 a barrel. Meanwhile, WTI crude traded at $67.12 a barrel, declining by over 4% day-on-day.
read more... 13/06/2023
Italy needs to add 190 gigawatts (GW) of renewable energy capacity by 2035 if it wants to meet a G7 pledge to reach a close to net-zero power system in the next decade, climate change think-tank ECCO and consultancy firm Artelys said.
read more... 13/06/2023
The UK’s offshore wind capacity will need to increase by 265% to meet government targets. The UK Government seeks to grow offshore wind capacity from 13.7GW to 50GW by 2030.
read more... 13/06/2023