Latest news
Daily (08.05.2024): European year-ahead power prices fell by 2% on Tuesday
Oil prices ended slightly down but close to equilibrium on Tuesday. The market is eagerly anticipating the possibility of a ceasefire in the Middle East, yet optimism has waned somewhat following indications that the latest proposal may have faltered. Hence, Brent crude settled at $83.16 per barrel, and WTI crude was stable at $78.38 per barrel.
read more... 08/05/2024
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UK tribunal gives go ahead for lawsuit against Europe power cable-makers
ALondon tribunal has given the green light for a £790m lawsuit against European power cable suppliers to proceed to trial, with allegations of a cartel inflating UK electricity costs, Reuters has reported.
read more... 07/05/2024
France aims for 45 GW by 2050 with 50% European production
On a visit to Saint-Nazaire on Thursday (May 2), Economy Minister Bruno Le Maire outlined the government’s strategy for deploying 45 GW of offshore wind power by 2050, with half of this capacity made in Europe.
read more... 06/05/2024
Spain, Portugal take home most of €720m EU hydrogen award
The European Commission announced on Tuesday (30 April) the winners of its first auction to allocate subsidies for hydrogen production, with most of the €720 million awarded going to projects in the Iberian peninsula.
read more... 02/05/2024
Nuclear: €300 million state aid for French small modular reactors
The European Commission has approved a €300 million state aid grant for Nuward, a French developer of small modular nuclear reactors (SMR), to test its technology with more support expected before the project starts in 2030.
read more... 30/04/2024