Europe & UK

E.ON celebrates grand opening of Stella Wind Farm

Europe & UK

E.ON installs 20,000 smart meters in Germany

December 3, 2020 Anand Gupta

Important milestone reached in the digitization of energy networks Significantly more smart meters have already been installed in other countries E.ON is the first energy supplier in Germany to have installed 20,000 intelligent metering systems (so-called “smart meters”). The device marking this important milestone was installed on December 2, 2020 at Wasserverband Weddel-Lehre (WWL) […]

Europe & UK

Decarbonization of Eastern Europe’s Energy Mix Key to Higher EU Climate Goals

December 3, 2020 Anand Gupta

New EU level targets for 2030 will require fast decarbonization in the power sector, and a major acceleration of the energy transition in some European member states that still rely heavily on coal generation. The EU Commission’s plan to use the EU carbon trading scheme as a key instrument to achieve these targets could drive […]

Europe & UK

Equinor and SINTEF enter into a strategic collaboration agreement

December 3, 2020 Anand Gupta

Trondheim, Norway: Equinor and SINTEF have agreed on a strategic collaboration in four key areas. The areas are offshore wind, marine systems, energy systems and modelling studies related to these areas. SINTEF is Equinor’s biggest partner in the fields of research and technology development. Now, for the first time, the companies have entered into a strategic collaboration agreement. The purpose of the […]

Europe & UK

Greece’s PPC to spend 3.4 bln euro on power grid, renewables by 2023

December 3, 2020 Anand Gupta

ATHENS, Dec 2 : Greece’s biggest power utility Public Power Corp. (PPC) will spend 3.4 billion euros ($4.11 billion) to expand its footprint in renewables and modernise the country’s distribution grid, it said on Wednesday. The coal-reliant utility, which is 51% owned by the state, has pledged to shut down all but one of its […]

Europe & UK

Germany scraps renewable fee on hydrogen to encourage new technology

December 3, 2020 Anand Gupta

BERLIN, Dec 2 : Germany’s government on Wednesday lifted a charge levied on power prices to support renewable energy on the production of so-called green hydrogen to encourage a nascent technology for low-carbon fuels, which is still hampered by high costs. The Berlin cabinet decided to waive the renewable energy fee under the EEG feed-in […]

Europe & UK

Spain’s Green Boom Hands Utilities Top Spot in Stock Benchmark

December 3, 2020 Anand Gupta

Spain’s bets on renewable energy are paying off for the country’s utilities, which have now overtaken banks as the biggest sector on the country’s equity benchmark. Utilities comprise 25% of the IBEX 35 Index, up from 19% at the end of last year, while the weighting of the financial sector has fallen to 22% from […]

Europe & UK

Ingeteam leads on technology and innovation at the Hamburg WindEnergy Event

December 2, 2020 Anand Gupta

The Ingeteam Group, one of the world’s leading suppliers in the wind industry, is to showcase its technology at the WindEnergy Hamburg, one of the most important events in the European wind power sector. We are proud to be the Technology & Innovation Partner at the first ever digital WindEnergy Hamburg and the international WindEurope […]

Northern German states cooperate on ‘Hy-5’ hydrogen buildup

December 2, 2020 Anand Gupta

FRANKFURT: Five northern German states said on Tuesday they will work together to promote the development of hydrogen from renewable electricity and aim to install at least 500 megawatts (MW) of electrolysis capacity by 2025. Green hydrogen is produced from electrolysis that relies on electricity generated from sources, such as wind and solar. Other hydrogen, […]

Europe & UK

Delisting renewables company PNE would have a price, says top investor

December 2, 2020 Anand Gupta

FRANKFURT: Activist fund ENKRAFT has urged the leadership of renewables firm PNE AG to ensure investors are adequately compensated in the event of a delisting by top shareholder Morgan Stanley. Morgan Stanley last year tried to buy PNE, a developer of wind farms and solar parks, but failed to gain the majority after investors […]

At ₹2, Saudi firm quotes lowest tariff for solar power in country

Europe & UK

Spain’s Repsol cuts dividend as ramps up renewables

November 27, 2020 Anand Gupta

Larger peers BP and Royal Dutch Shell broke a long-standing sector taboo by cutting their dividends earlier this year as the COVID-19 pandemic strangled fuel demand, but Shell hiked its payout again last month MADRID: Spain’s Repsol will cut shareholder payouts and channel more funds to its lower-carbon business over the next five years as […]