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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
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
European summit to spur wind energy production in North Sea
Nine European countries are holding a summit Monday aimed at scaling up wind power generation in the North Sea, spurred by the fall-out of the Ukraine war and the push for renewables.
read more... 24/04/2023
EU launches first cross-border renewables support scheme
The EU’s first cross-border renewables support scheme opened on Tuesday with a call for solar photovoltaic projects in Finland that will also help Luxembourg meet its renewable targets.
read more... 20/04/2023