Latest news
Stage set for fight over EU’s 2030 renewable energy target
A majority of EU member states have backed a 40% target for renewable energies like wind and solar by 2030 – a far cry from the 45% objective tabled by the European Commission and supported by Parliament earlier this year in response to Russia’s war in Ukraine.
read more... 26/12/2022
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Brussels approves German state takeover of gas giant Uniper
The European Commission on Tuesday (20 December) conditionally approved the nationalisation of troubled German gas giant Uniper after it was pushed to the brink of collapse following Russia’s invasion of Ukraine.
read more... 21/12/2022
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UK government sets out detail of tax on electricity producers
Britain's finance ministry set out details on Tuesday of a temporary 45% tax on excess profits made by some electricity generating companies after Jan. 1.
read more... 21/12/2022
Octopus Energy signs 2.4TWh PPA with Shell Energy Europe in UK
The UK-based Octopus Energy Group has signed a power purchase agreement (PPA) with Shell Energy Europe to procure 2.4TWh of wind energy a year from the Dogger Bank offshore wind farm.
read more... 19/12/2022
Shell injects $1.5 bln into UK retail power business to help it weather volatility
Shell has injected nearly $1.5 billion in cash and credit into its British energy retail business this year to help it weather huge volatility in power prices that caused the collapse of several rival UK power utilities, Shell Energy said in a filing on Thursday.
read more... 09/12/2022