Europe & UK

Europe & UK

Italy’s Eni to shed retail-renewable energy stake

April 30, 2021 Anand Gupta

Several European energy companies, including Spain’s Repsol , aim to divest parts of their renewables business to raise money to reduce debt and pay for the shift away from oil and gas MILAN: Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it […]

Europe & UK

German renewables firm Blue Elephant plans summer IPO – sources

April 29, 2021 Anand Gupta

Blue Elephant, whose peers include Energiekontor and PNE AG, said it was constantly reviewing various options for financing further growth, but declined to elaborate. FRANKFURT: German renewable energy firm Blue Elephant Energy is preparing a stock market flotation in the European summer that could value it at up to 1 billion euros ($1.2 billion), three […]

Europe & UK

Italy to produce 70-72 per cent of power from renewables in 2030 to reach EU targets

April 28, 2021 Anand Gupta

He added Italy would have to install 65-70 gigawatts of renewable energy over the next decade and that the remaining 28 per cent of energy would be produced with natural gas. MILAN: Up to 72 per cent of Italy’s electricity will have to be produced with renewable sources in 2030 in order for the country […]

Europe & UK

RP Global and Tartessos power development partner up to develop a 300 MWp solar project in Spain

April 27, 2021 Anand Gupta

Spanish project developer Tartessos concludes a service agreement with RP Global as the two renewable energy companies set out to develop a 300 MWp PV project together in the Castilla-León region in Spain. “RP Global is a recognised international player with over 35 years of experience in the market and a well-established team of development […]

Europe & UK

€330 million Team Europe backing for new Guinea-Mali 225 kV power line to provide clean and affordable energy to millions in West Africa

April 26, 2021 Anand Gupta

The signing ceremony of the financing contract took place on Friday 23 April 2021 at the Kaloum Hotel in Conakry, and was attended by members of the Guinean government, as well as representatives of the European Union and the European Investment Bank (EIB). This new EU support for the interconnector project between the hydroelectric power […]

Europe & UK

Germany expands capacity in wind, solar power auctions

April 23, 2021 Anand Gupta

Speeding up the momentum to meet climate goals within the European Union will be a major issue in Germany’s general election in September, and the Green Party is making quick gains in the polls. FRANKFURT: Germany will expand the energy capacity tendered in renewable power project auctions to help decarbonise electricity, and will relieve the […]

Europe & UK

Diesel car sales down in Europe

April 23, 2021 Anand Gupta

The group said that from January to March of this year, diesel volumes fell 20.1 percent compared to a year ago to reach 593,559 cars sold across the European Union. The volumes fell nearly 30 percent in Germany and Spain. Paris: Diesel car sales have plummeted in Europe in the first quarter of the year, […]

Europe & UK

European Photovoltaics Industry is Booming – Fraunhofer ISE Collaborates in Andalusian 5-Gigawatt Project

April 21, 2021 Anand Gupta

Next to wind energy, photovoltaics is the main pillar of the energy transition. While Germany and Europe in general are still leading when it comes to the research and development of solar cells and modules, the last ten years have seen the transfer of production to Asia. As a consequence, Europe risked losing its technological […]

Wind turbines and solar panels are seen at a wind and solar power plant in Zhangjiakou

Europe & UK

German, African and international political, business, development and finance share green investment best practice and solutions for sustainable development in Africa

April 19, 2021 Anand Gupta

Berlin hosts EU-Africa Green Talk to share development solutions Dialogue between European Investment Bank, Portuguese Embassy in Berlin, financial community and development stakeholders confirms importance of green investment Ministers of State for Foreign Affairs from Germany and Portugal and EIB Vice President Thomas Östros today joined more than 80 business leaders, diplomats from Africa and […]

WTO issues panel report regarding Indian export promotion measures

Europe & UK

Workshop on Information Technology Agreement to be held in September 2021

April 19, 2021 Anand Gupta

A WTO workshop to discuss developments in information and communications technology (ICT) will take place on 16 September in Geneva, according to a decision made at the meeting of the Information Technology Agreement (ITA) Committee on 15 April. The workshop will examine how trade in ICT products has helped countries around the world combat COVID-19. […]