Japan selects two groups to participate in the third round of offshore wind power
In a third round of major public auctions, the Japan's land and industry ministries selected, on Tuesday, two consortiums as operators for offshore wind blocks, including one that included energy giant BP. Analysts in the industry said that domestic and international companies were watching closely to see how this round of competition…
Prices of EUROPE Gases rise slightly as trading is thin ahead of holidays
The Dutch and British wholesale prices of gas were slightly higher on Wednesday, in light trading ahead Christmas holidays throughout Europe. This is because there remains uncertainty over Russian gas supplies when the Ukraine Gas Transit Deal expires this year. The benchmark contract for the Dutch TTF hub…
ABS, Akselos Sign Floating Wind MOU
ABS and Akselos have signed a Memorandum of Understanding (MoU) to advance engineering and certification processes for floating offshore wind projects.The companies signed a Memorandum of Understanding (MoU) to collaborate on solutions aimed at optimizing design, reducing costs, and improving…
Prices rise on increased demand for electricity and uncertainty about Russian flows
Dutch and British wholesale prices for gas rose on Friday, as a result of a surge in demand from power plants and a decrease in wind speed. There is also uncertainty over Russian gas supplies to Europe due to the imminent end of the Ukraine transit agreement. The benchmark contract for the…
Sources say that Tesla's former China plant head will join renewable energy company Envision
Two sources with knowledge of the situation said that Tesla's former China Plant Manager is expected to join Chinese renewable energy company Envision. One source said that Song Gang, who announced Wednesday his departure from Tesla, will be taking on supply chain management duties for Envision.
Galp, a Portuguese company, plans to produce biofuels by 2026
Galp Energia, a Portuguese oil refiner and producer, announced on Thursday that it expects to produce biojet fuel and biodiesel from waste at an industrial scale unit being built in its Sines refinery by 2026. Galp and Mitsui, a Japanese company, entered into a joint venture last year to…
Spain's demand for electricity is increasing as renewables set records
According to Red Electrica's estimates, the amount of electricity consumed in Spain increased this year, after two years of decline. A record 56% came from renewable sources, such as solar and wind. The Spanish renewable energy industry has warned about the dangers of future investment in this sector due to the lack of demand for electricity.
AI's hunger for energy fuels geothermal startup but rivalry over natgas clouds the future
The number of geothermal energy startups is on the rise, as Big Tech companies look to power their AI data centers with natural gas. However, long-term investment remains uncertain because oil majors are doubling down on natural gases. Meta and Alphabet’s Google are two of the tech companies…
The spot price rises on the drop in wind and nuclear demand, as well as higher French demand
European power prices rose Thursday as the main wind producer Germany was expected to experience a sharp drop in wind production output, and French nuclear availability fell sharply. LSEG's analysis painted a positive picture. It noted that the demand for electric heating in France was increasing as temperatures dropped.
Sweden's North frets about financial risks as the green boom stumbles
Sweden's local governments, frightened by Northvolt's struggle for survival and its potential impact on taxpayers, have asked the central government to increase financial support for Sweden's transition towards green industry. Last month, Europe's leading electric vehicle battery manufacturer…
Denmark Issues Offshore Wind Permit
The Danish Energy Agency has granted a construction permit for 240-megawatt (MW) Jammerland Bugt offshore wind farm, which is expected to start operating in 2029, developer European Energy said on Tuesday.The project is located in the Bay of Jammerland, on the western side of the island of…
Spanish region approves wind turbine upgrades that are mandatory, sparking an industry outcry
The regional parliament of Galicia approved a set of measures on Tuesday that will force wind parks in the region to replace their ageing turbines within 25 years. This has sparked a backlash from the renewable energy industry. Developers risk losing their operating permit if they do not replace 25-year old turbines with more efficient…
Shell's former US offshore wind leader Orsted replaces Shell's executive
Amanda Dasch, Shell's director of renewables for the Americas, will join Danish offshore wind company Orsted as its head of U.S. operations in January. Shell has announced that it will stop investing in new offshore wind farms as CEO Wael Sawan concentrates on higher-margin operations. Dasch…
Spot prices fall on forecast of strong wind supply
The European spot electricity prices fell on Wednesday as the wind supply is expected to increase throughout the region and demand to fall in France due to warmer temperatures. LSEG data show that the German baseload day-ahead power dropped 38.2% at 0923 GMT to 57.75 Euros per Megawatt Hour (MWh).
Nuclear roadblock to EU's new renewable energy target
On Monday, pro-nuclear countries expressed their opposition to the European Union's plans for a renewable energy goal. They said they would not support a goal which excluded atomic energy. Nuclear power is a controversial energy source that has caused political disagreements among the 27 EU member states.
Romania allocates 1.5 GW of renewable energy projects
The Energy Ministry announced in a Monday statement that Romania had allocated 1.5 gigawatts of renewable energy project funding through an EU-funded contract for difference scheme. The long-awaited low carbon energy support scheme fixes the price of electricity to providers at a level agreed for 15 years.
China's thermal energy generation increased by 1.9% from Jan-Nov, despite a growth in renewables.
Official data released on Monday showed that China's fossil fuel power generation increased by 1.9% in the first eleven months of this year. This is despite the rapid expansion of renewable energy plants in the last few years. According to the National Bureau of Statistics, thermal power generation from January to December was 5.74 trillion Kilowatt-hours.
Government body calls for support of offshore wind in Sweden
The development of offshore wind projects off the coasts of Sweden is not commercially feasible, according to a government panel tasked with speeding up and reviewing the process for authorising new wind farms. The head of the commission, however, said that an analysis showed this would not guarantee the construction of more wind parks.
German wind energy forecast to increase sharply on Monday
On Friday, European prompt power prices were untraded for Monday on the expectation of an increase in wind power supplies throughout the region. In Germany, levels are expected to be nine times higher. LSEG data shows that the German and French baseload contracts for Monday were not traded at 1034 GMT.
Kansai electric, a Japanese company, has invested in Iberdrola’s offshore wind project worth 1.3 billion euros.
The company announced on Friday that Japan's Kansai electric power Co had agreed to purchase a 49 percent stake in Iberdrola’s Windanker offshore project in Germany. This agreement expands a partnership between the Spanish renewable energy giant and the Japanese firm. The wind farm, located…
