Europe & UK

Europe & UK

Portugal’s Galp sees further pandemic damage, Q3 recovery still uncertain

April 28, 2020 Anand Gupta

The company said recovery relied on a number of factors, including government policies, the impact of the pandemic on the wider economy and supply and demand for oil LISBON: Portugal’s Galp Energia said on Monday the collapse in demand caused by the coronavirus pandemic was set to further impact its performance in the second quarter […]

Europe & UK

Germany, Britain call for ‘green recovery’ from pandemic

April 28, 2020 Anand Gupta

Schulze suggested that one way to do this would be to help care workers buy electric vehicles for house calls. “These are many, many vehicles,” she told The AP. “It would help the economy and it would move us forward (in curbing emissions)” BERLIN: Germany and Britain said Monday that efforts to revive the global […]

Europe & UK

Repsol starts building first solar farm with workers spaced apart

April 23, 2020 Anand Gupta

Traditionally fossil fuel-focused European energy firms are buying or building clean energy plants as part of ambitious targets to cut global emissions MADRID: Construction teams have started building oil and gas firm Repsol’s first solar plant, observing strict distancing measures due to the coronavirus, the company said on Wednesday. Traditionally fossil fuel-focused European energy firms […]

Europe & UK

Total awarded 135 MW of solar power projects in France

April 23, 2020 Anand Gupta

The largest project in the lot is a 50 MW ground-mounted solar project at the site of the company’s former refinery in Valenciennes in northeast France. It is expected to be completed in 2022 PARIS: French energy major Total said on Wednesday it was awarded several solar power generation projects with a total capacity of […]

Europe & UK

Siemens Gamesa secures 184 MW at latest auction round in Poland

April 21, 2020 Anand Gupta

Siemens Gamesa Renewable Energy has won three projects totaling 184 MW during at the country’s last auction round held in December 2019. The company will supply 63 wind turbines to several customers including independent private investors to national and international utility companies. These contracts help to consolidate Siemens Gamesa’s strong market position in Poland. These […]

Europe & UK

Spain seizes virus tests bound for returning Siemens Gamesa workers: union

April 15, 2020 Anand Gupta

Siemens Gamesa began testing some staff last week and had agreed to extend this to the whole workforce, but told employees on Saturday it would not be able comply with its original timetable MADRID: Spanish authorities have requisitioned 2,000 antibody tests procured by wind turbine maker Siemens Gamesa and intended to check whether employees have […]

Europe & UK

European politicians, CEOs, lawmakers urge green coronavirus recovery

April 14, 2020 Anand Gupta

As some EU countries move to ease the restrictions starting this week, the bloc is divided on how to finance economic recovery, with the ailing south advocating issuing joint debt against the opposition of the fiscally conservative north European politicians, CEOs, lawmakers and activists called on Tuesday for green investment to restart growth after the […]

Europe & UK

Spending to counteract coronavirus creates chance to “tilt to green”

April 11, 2020 Anand Gupta

Green economy will need nurturing through government policy, say EBRD economists The coronavirus crisis has diverted attention away from climate change mitigation, but the latest report by EBRD economists says efforts to counteract the Covid-19 pandemic create an opportunity to “tilt to green” the large-scale recovery spending being pledged, making it a key accelerator towards […]

Europe & UK

New wind farm financing in Europe to face delays in 2020

April 9, 2020 Anand Gupta

“Wind energy projects make an attractive investment and in the long-term there should be plenty of capital available to finance them,” the report said LONDON: Investment in new wind power projects in Europe fell almost 25 per cent to 19 billion euros ($20.7 billion) in 2019 compared to a year earlier and projects are likely […]

Europe & UK

ReneSola Announces Closing of Sale of 15 MW Portfolio in Hungary to Obton

April 8, 2020 Anand Gupta

– Completes Sale Despite COVID-19 Crisis STAMFORD, Conn.: ReneSola Ltd (“ReneSola Power” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced the closing of the sale of a 15 MW portfolio of solar projects located in Hungary to Obton, a leading international solar investment company headquartered in Aarhus, Denmark. […]