Europe & UK

Europe & UK

NOK 300 million allocated to invest in renewable energy in poor countries

November 8, 2019 Anand Gupta

At a time when the world is facing a climate crisis, most developing countries depend on strong growth in energy production in order to reduce poverty. ncreased access to clean energy will reduce poverty, improve health and mitigate climate change. The Government is, therefore, allocating up to NOK 300 million annually to provide better guarantees […]

Europe & UK

Shell to buy French floating wind farm specialist

November 7, 2019 Anand Gupta

Offshore wind is one of the fastest growing renewables markets, with floating structures the technology’s next frontier because they utilise waters that are too deep for traditional turbines fixed to the seabed LONDON : Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s […]

Europe & UK

CEZ ESCO to build solar plant for Delta Textile Bulgaria

November 7, 2019 Anand Gupta

Bulgarian energy solutions provider CEZ ESCO, part of Czech energy group CEZ, will build a 195 kWp solar power plant for textile products maker Delta Textile Bulgaria, the former recently said. The plant will turn operational by April next year, CEZ Bulgaria said in a statement without providing any details on the volume of the […]

Europe & UK

Photon Energy Commissions Seven PV Power Plants with 4.9 MWp in Hungary

November 5, 2019 Anand Gupta

· The seven power plants with a combined installed capacity of 4.9 MWp are located in Fertőd and Kuszentmárton, and are connected to the grids of E.ON Észak-dunántúli Áramhálózati Zrt and E.ON Tiszántúli Áramhálózati Zrt, respectively · The power plants expand Photon Energy’s installed base in Hungary to 24.1 MWp and its total proprietary portfolio to 49.7 MWp · Total annual revenues of all seven […]

Europe & UK

Total Quadran is Leader in Tenders for Rooftop Solar Installations in France

November 4, 2019 Anand Gupta

Image Source: total.com Through Energie Développement, its 50-50 joint venture with solar project developer Amarenco France, Total Quadran is among the leaders of the eighth round of the CRE 41 call for tenders, winning 17 MWp, or 14% of the capacity awarded. In total, with more than 166 MWp won across all rounds of the […]

Europe & UK

Austria: EIB grants second Green Loan in Europe to Energie Steiermark AG: EUR 90 million for climate action

November 4, 2019 Anand Gupta

EIB Green Finance package provided for first time in Austria Funds come from proceeds of Climate Awareness Bonds issued by EU bank EIB Vice President McDowell: “I welcome this cooperation with Energie Steiermark, contributing to the fight against climate change” The European Investment Bank (EIB) is pushing ahead with climate change mitigation and environmental protection […]

Europe & UK

Trafigura opens renewables division in energy transition push

November 2, 2019 Anand Gupta

The new division will include a power trading platform, initially focusing on Europe and the United States, a Trafigura spokesman said LONDON: Trafigura opened a new power and renewables trading desk as part of an energy transition push that is prompting trading houses and oil firms to look for ways to diversify away from fossil […]

Europe & UK

EU unveils list of priority energy projects, including oil and gas

November 1, 2019 Anand Gupta

BRUSSELS : The European Commission published its list of energy projects on Thursday eligible to receive EU funding of up to 30 billion euros ($34 billion), including new oil and gas projects which are likely to draw criticism from Green EU lawmakers. The question of whether projects related to fossil fuels such as natural gas […]

Europe & UK

German path to carbon neutrality achievable and affordable: research

November 1, 2019 Anand Gupta

BERLIN : Germany can reach its target of becoming largely carbon-free by 2050 if it keeps expanding renewable power and introduces a hydrogen economy, one of the country’s biggest research centers said on Thursday. Presenting a study on energy transition to the middle of the century in Berlin, experts of the Forschungszentrum (FZ) Juelich which […]

Europe & UK

Norway wealth fund CEO to step down after 12 years

October 31, 2019 Anand Gupta

OSLO : The chief executive of Norway’s sovereign wealth fund announced on Wednesday he will step down after nearly 12 years, saying just days after the fund hit a record value that it was a good time for a leadership change. Reporting a 1.6% return on investment in the third quarter, Yngve Slyngstad also told […]