renewable-energy
HeadlinesWhite Summit Secures More Than $360 Million for Decarbonisation Fund
Top StoriesRussia’s Rosatom Launches Wind Turbine Blade Factory Replacing Vestas Plant
Top StoriesFinland Investigates Outage of Undersea Power Link to Estonia, Finnish PM Says
Top StoriesExclusive-TPG in Talks to Acquire Solar Firm Altus Power, Sources Say
Spanish Government Extends Energy Windfall Tax by Decree
Date: December 23, 2024
MADRID (Reuters) -The Spanish government has issued a decree extending a temporary tax on energy companies into 2025, Prime Minister Pedro Sanchez said on Monday, after lawmakers voted last week to eliminate the levy. The decree enters into force on Jan. 1, but it will need to be confirmed by parliament within 30 days in...
Equinor Raises Orsted Stake to 10%, as Planned
Date: December 23, 2024
OSLO (Reuters) – Equinor said on Monday it has bought an additional stake of 0.2% in Danish energy group Orsted, raising its ownership to 10%, in line with the Norwegian group’s previously stated intention. Equinor first announced its purchase of a 9.8% stake in the Danish offshore wind farm developer in October this year. “Following...
Spain’s Electricity Demand Edges up as Renewables Break Records
Date: December 19, 2024
MADRID (Reuters) -The amount of electricity used in Spain has inched up this year after falling for two consecutive years, with a record 56% coming from renewable sources such as wind and solar, according to estimates on Thursday from grid operator Red Electrica. Flagging electricity demand has been a key concern for Spain’s renewables industry,...
Spain’s Utilities Tax Suffers Defeat in Parliament
Date: December 19, 2024
MADRID (Reuters) – Spanish lawmakers on Thursday voted to eliminate a temporary tax on energy companies in a setback for the minority government that still plans to reimpose the levy by decree, according to the budget minister. The tax, of 1.2% for companies with a turnover of at least 1 billion euros, is one of...
The Island of Nevis: A Bright 2025 Beckons
Date: December 19, 2024
Nestled in the heart of the Caribbean, the island of Nevis is an undiscovered jewel for investors looking to combine dynamic economic potential with an established tradition of financial stability. A long-time favourite among tourists, Nevis was recently amongst Condé Nast Traveller’s list of best Caribbean islands in its prestigious Readers’ Choice Awards 2024,...
Fortum to Buy Renewable Power Portfolio for $9.4 Million
Date: December 19, 2024
COPENHAGEN (Reuters) – Finland’s Fortum said on Thursday it had agreed to buy a project development portfolio for renewable power from Finnish energy company Enersense for around 9 million euros ($9.37 million). The portfolio includes 2.6 gigawatt (GW) of early-stage onshore wind development projects in Finland, Fortum said in a statement. It said it expects...