German chemical lobby VCI reduces its 2024 forecast amid political turmoil
The German chemicals industry association VCI lowered their annual forecasts on Wednesday, citing the economic stagnation in Germany and political turmoil. The association, which represents 1,900…
Vulcan Energy, a company listed in Australia, receives $106 million funding from the German Ministry
Vulcan Energy Resources, an Australian company, announced on Tuesday that it received funding of 100 million euros (106.42 millions dollars) from the German Economy Ministry for its renewable energy facility in Landau in Germany.
Low Carbon, a UK investment company, sells 6 GW of Dutch battery storage.
Low Carbon, a UK-based renewables energy investor, has announced that it sold a portfolio of 6 gigawatts of battery storage project in the Netherlands to S4 Energy. S4 Energy is owned by global…
Germany strengthens domestic wind energy industry
Germany plans to provide state guarantees for the production of wind energy, it announced on Thursday. This is part of a package that aims to boost Germany's wind industry, amid concerns among…
PPA Platform reports that European renewable energy prices dropped in Q3, PPA platform.
The price of European power purchase agreements for green electricity dropped by 12.4% during the third quarter, compared to the same period in 2023. This was revealed on Thursday by the price tracking platform LevelTen.
Germany allocates $3 billion to decarbonisation subsidies
According to the German economy ministry, the German government has allocated up to 2.8 billion euro ($3.1 billion) for 15 industrial companies to help them decarbonise their operations under its first "climate protection contract" round.
Germany's Thyssenkrupp reviewing green steel production plans
Thyssenkrupp, a German steel company, said that it will review its plans to produce green steel after a report Sunday suggested it might halt a major project of decarbonisation. The conglomerate…
Norway's Equinor cancels plans to export Blue Hydrogen to Germany
A spokesperson for Equinor, the Norwegian energy company, said that it had scrapped plans to ship so-called "blue hydrogen" to Germany due to its high cost and insufficient demand. In January 2022…
Thyssenkrupp’s green steel plant, worth $3.3 billion, could become more expensive
Thyssenkrupp’s steel division said on Thursday that a direct reduction plant planned to produce carbon-free, steel could cost more than originally thought. The site is expected to cost approximately 3 billion euros ($3.3billion).
New Cloud Platform for Subsea Survey Data
Subsea geo-information specialist TrueOcean GmbH launched a new digital platfom designed tor accelerate the transformation of marine data acquired by underwater sensors, including multibeam echosounders…
TES Wilhelmshaven Import Terminal Deemed a 'Priority Project'
Tree Energy Solutions’ (TES) import terminal has been included in the list of priority projects supported by the German Government’s LNG Acceleration law. The law was passed by parliament on May 19th…
Gas Prices Soar in Europe on Tight Russian Supply
European gas prices soared more than 30% on Tuesday as low supplies from Russia reignited concerns about an energy crunch as the region heads for colder weather.A key pipeline which normally delivers…
Germany Lifts Offshore Wind Capacity Target to 20 GW by 2030
The German government, coastal states, and maritime authority BSH have agreed an offshore wind industry deal raising the new expansion target to 20 gigawatts (GW) by 2030 from currently 15 GW,…
Containership to Convert to Synthetic Fuel
ROTTERDAM – Today in Rotterdam Wessels Marine and MAN Energy Systems announced an innovative project to convert the containership Wes Amelie to run on Synthetic Natural Gas (SNG).While SNG today…
Canadian E.Coast LNG Export Plans Progress Shell Deal
Pieridae Energy moved closer to building a liquefied natural gas (LNG) export terminal on Canada's East Coast after taking ownership of fields from Royal Dutch Shell which will feed gas into the plant…
ExxonMobil Inks Preliminary Wilhelmshaven FSRU Deal
German utility Uniper on Friday said ExxonMobil had signed a preliminary deal to take a substantial share of the regasification capacity at a liquefied natural gas (LNG) floating terminal planned…
Uniper intensifies LNG plans with Japan's Mitsui OSK
Mitsui OSK Lines to own, fund FSRU in Wilhelmshaven; FSRU could be operational in H2 2022.Energy group Uniper on Monday entered agreements with Japanese shipping group Mitsui OSK Lines to handle…
Germany Reaches Deal to Boost Renewable Energy Capacity -SPD
Chancellor Angela Merkel's CDU and its Social Democrat (SPD) partners have agreed to keep their promise to speed up the expansion of renewable power installations, ending months of wrangling, an…
Goldsboro LNG Project Eligible for $1.5bln German Loan
Pieridae Energy announced that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion…
German Wind Auction Undersubscribed
The German Federal Network Agency (BnetzA) has announced the outcome of the latest German onshore wind auction. It revealed that the country's last wind tender of the year was undersubscribed and…
