Europe & UK

Europe & UK

EU draft hydrogen plan splits supporters down color-coded lines

June 26, 2020 Anand Gupta

Energy industry lobbyists and advocates of renewable hydrogen are divided over whether the bloc should support low-carbon hydrogen produced by fossil fuels ahead of a new EU strategy next month. The EU’s executive Commission plans to publish its hydrogen strategy on July 8, which will form the basis for EU regulation and funding to scale […]

Europe & UK

Fortum’s new CEO sees natural gas, hydrogen helping green transition

June 25, 2020 Anand Gupta

Rauramo, who replaces Pekka Lundmark, said he would develop a strategy by the end of the year for the group that is phasing out coal-fired energy production and shifting to renewables HELSINKI: The new chief executive of Fortum said on Wednesday natural gas and hydrogen could help Europe shift to clean energy and promised to […]

Europe & UK

Iberdrola secures option for majority stakes in Swedish offshore wind projects

June 23, 2020 Anand Gupta

IIberdrola said the projects, in the Baltic Sea, are at various stages of development and have a combined capacity of 9 gigawatts (GW) LONDON: Iberdrola has signed an agreement giving it the option to take a majority stake in up to eight Swedish offshore wind projects, the Spanish utility said on Tuesday. It previously said […]

Europe & UK

Meyer Burger finalizes plans to build production unit for solar cells

June 20, 2020 Anand Gupta

Meyer Burger Technology has finalized its plans to build production unit for solar cells and modules in Germany. The reason for this change of direction is the realization that the company has not been able to generate profits from its technological leadership in recent years. Meyer Burger expects to save significant time and economic resources […]

Europe & UK

EU set to slightly surpass 2030 renewable energy goal, but funding boost needed

June 16, 2020 Anand Gupta

EU countries’ latest energy policy plans would see the bloc reach a 33 per cent share of renewable energy by 2030, surpassing its target by one percentage point, EU energy chief Kadri Simson told an online news conference on Monday BRUSSELS: The European Union looks set to slightly beat its goal to get a third […]

Europe & UK

Belgium/Poland: EIB and Umicore conclude €125 million loan for battery materials production in Poland

June 15, 2020 Anand Gupta

First EIB loan to the Belgian group to finance the construction of a cathode material manufacturing facility in Nysa, Poland Umicore’s facility will support its customers in meeting the growing demand for rechargeable lithium-ion batteries for electric vehicles The EIB is keen to develop a European capacity across the full value chain of electric vehicle battery […]

Europe & UK

ReneSola Power to Develop a 30-hectare Ground-mounted Solar Project in France

June 10, 2020 Anand Gupta

STAMFORD, Conn.: ReneSola Ltd (“ReneSola Power” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated global solar project developer, today announced that it will participate in a consortium to develop a large-scale ground-mounted solar plant in the south of France. The plant is expected to produce 46 GWh, and supply electricity to approximately 10,000 […]

Europe & UK

German government to agree national hydrogen strategy

June 10, 2020 Anand Gupta

Experts say this so-called green hydrogen could help smooth out the problem of solar and wind power’s fluctuating supply, and replace fossil fuels in industrial processes that require high temperatures such as steel making BERLIN: The German government is poised to agree Wednesday on a long-term strategy for increasing production and use of hydrogen as […]

Europe & UK

France: Investment Plan – EIB co-finances the construction of an offshore wind farm in Fécamp for €450 million

June 9, 2020 Anand Gupta

EIB acts as major partner in renewable energy project operated by the EDF Renouvelables, Enbridge and wpd consortium. Comprising 71 wind turbines located 13 to 22 km off the coast of Fécamp, the wind farm will have a capacity of 497 MW. Investment guaranteed by the European Fund for Strategic Investments (the Juncker Plan). The European Investment […]

Europe & UK

Germany Seeks 5-fold Increase In Offshore Wind Power By 2040

June 4, 2020 Anand Gupta

The German government wants to increase offshore wind power capacity five-fold by 2040 as part of its plan to wean the country off fossil fuels. The Cabinet on Wednesday agreed on a bill that would set a goal of 40 Gigawatts of installed offshore wind power capacity in 20 years, from about 7.5 Gigawatts at […]