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Mexico snares Iberdrola power plants for $6 bln in 'new nationalization'
The Mexican government has agreed to buy 13 power plants from Spanish energy giant Iberdrola in a deal worth $6 billion, which Mexico's president hailed as a "new nationalization" of the electricity market that will amp up state control.
read more... 06/04/2023
‘UK’s largest’ offshore windfarm plan accepted for determination
SSE Renewables has submitted plans for what is described as the UK’s largest offshore wind farm to East Lothian Council and the Scottish Government for determination.
read more... 03/04/2023
UK government to fund Acorn CCS in second phase of CCUS development
The UK government on Thursday launched the second phase of its carbon capture, utilisation and storage (CCUS) scheme. It has named the Acorn Project in the north of the UK as one of the two beneficiaries of the next phase.
read more... 03/04/2023
Italy To Unveil $5.4 Billion In Funds To Compensate Energy Costs For Consumers
Italy is set to outline its plan to dole out $5.4 billion in funds to cut the costs for energy consumers, government officials said on Tuesday.
read more... 30/03/2023
In U-turn, Germany backs swift adoption of EU power market reform
Ahead of an EU summit in Brussels, the German government signalled readiness to swiftly adopt the EU’s proposed electricity market reform, abandoning previous calls to delay decisions until after the 2024 European elections.
read more... 23/03/2023