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Key lawmaker wants revenue cap in EU electricity market reform
The European Parliament’s lead negotiator on the EU’s power market reform has sparked concern by proposing the return of a controversial revenue cap for power generators with cheap production costs, like renewables and nuclear.
read more... 18/05/2023
EU countries to finalise 42.5% renewable energy target
European Union countries are set to finalise a new renewable energy target to get 42.5% of the bloc's energy from renewable sources by 2030, a final version of the law showed.
read more... 16/05/2023
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Norway postpones controversial onshore wind power tax
The Norwegian government said on Thursday it was postponing plans to introduce additional taxes for onshore wind power operators by a year to 2024 amid industry concern it may derail renewable energy expansion.
read more... 12/05/2023
BP ventures back into oil frontiers to boost output
BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions.
read more... 11/05/2023
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Germany's Scholz says more renewables key to lower industry costs
Ramping up renewable power production rather than subsidies is the key to lower electricity prices for Germany's energy-hungry industry, Chancellor Olaf Scholz said on Saturday, in an apparent dig at proposals by his government's economy minister.
read more... 08/05/2023