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€400bn needed for offshore grids by 2050
Europe’s first-ever Offshore Network Development Plan, published on Tuesday (23 January), highlights the huge investment needed to connect offshore wind farms to final consumers, with an estimated 54,000 kilometres of transmission assets expected to be built in European waters by 2050 – almost 1.5 times the equator’s length.
read more... 25/01/2024
Germany's 2023 renewable power installations hit record, but wind sector lags
Germany's solar and wind power installations hit a record in 2023 but only photovoltaic energy reached the government's targets, industry associations said, expecting continued growth this year with further reduced bureaucracy.
read more... 03/01/2024
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Iberdrola gets environmental permit for hydro-solar plant in Spain
Iberdrola has secured an environmental approval to build HIDRO Cedillo, a hybrid hydroelectric-solar project in Spain, with a capacity of 86.4MW.
read more... 02/01/2024
Portugal, Spain and France agree to boost energy links
Portugal, Spain and France will strengthen energy links, according to a memorandum of understanding that sets new priorities for the High-Level Group, signed with the EU Commission in Brussels Tuesday.
read more... 21/12/2023
Daily (15.12.2023): European carbon prices plunged to their lowest in 14 months on Thursday amid continuous selling pressure and weaker demand
On Thursday, oil prices surged, as speculative traders took profits and investors showed an increased appetite for risk assets. This increase was prompted by a more relaxed stance from the Fed. Consequently, both contracts jumped by over 3%, with Brent crude closing at $76.61, and WTI crude ending at $71.58 per barrel.
read more... 15/12/2023