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Germany passes ‘coal-exit’ law to phase out fossil fuels by 2038
German lawmakers have voted a roadmap for the coal-free era in the country, which includes abandoning nuclear power by 2022
read more... 06/07/2020
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Daily (03.07.2020): Brent and WTI settled on Thursday at their highest levels since March amid lower U.S. unemployment rate
Crude oil futures posted a second consecutive day of gains on Thursday, with Brent and WTI hitting their highest levels since March 6, after a decline in U.S. unemployment rate and a sharp drop in crude stockpiles earlier this week. Hence, Brent crude for September delivery soared by $1.11, or 2.64%, to settle at $43.14 per barrel. At the same time, U.S. WTI crude edged 83 cents higher, or 2.08%, to end at $40.65 per barrel.
read more... 03/07/2020
RWE wraps up acquisition of Innogy's renewable energy ops
German energy major RWE AG said on Wednesday that its complex asset-swap with rival E.on SE is now fully completed, creating a massive renewable energy business.
read more... 03/07/2020
Polish govt agrees offshore wind cooperation with sector players
The government of Poland and representatives of the offshore wind industry have entered into a letter of intent that outlines their future cooperation in the development of the particular sector.
read more... 03/07/2020
New nuclear will ensure France's energy security, SFEN says
A failure to renew France's fleet of nuclear power reactors will have consequences as soon as 2030 for not only the country's energy security but also its climate targets, according to the French nuclear energy society (SFEN). Nuclear power plants, with a combined capacity of 62 GWe, currently account for more than 70% of the country's electricity generation.
read more... 03/07/2020