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Portugal ups debut offshore wind auction target to 10 GW

Portugal has raised the target for its debut offshore wind power auction to 10 gigawatts (GW), Environment Minister Duarte Cordeiro said on Wednesday, aiming to "move faster" on the country's energy transition.

read more... 22/09/2022

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EC approves up to €5.2 billion funding for second hydrogen IPCEI

The European Commission (EC) has approved IPCEI Hy2Use, the second Important Project of Common European Interest (IPCEI) in the hydrogen value chain. The project will receive up to €5.2 billion in public funding from thirteen member states.

read more... 22/09/2022

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Daily (21.09.2022): NBP gas prices recovered on Tuesday amid cold weather forecasts

On Tuesday, oil prices were bearish, following a decline in other risk assets. The dollar remained strong and investors anticipated further interest rate increases from central banks in order to reduce inflation. As such, Brent crude settled 1.5% lower at $90.62 a barrel. WTI crude decreased by 2.1% to $83.94.

read more... 21/09/2022

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Germany takes 99% Uniper stake as takeover confirmed

The German government will acquire 99% of the country’s struggling utility Uniper following a takeover deal agreed with its Finnish parent Fortum, the companies confirmed in a statement on Wednesday.

read more... 21/09/2022

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Bulgaria tenders for gas supplies to ride out energy crisis

Bulgaria's state gas company, Bulgargaz, is launching three tenders for liquefied natural gas (LNG) on Tuesday to avoid winter shortages and ensure long-term energy security, said Chief Executive Denitsa Zlateva.

read more... 21/09/2022

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