renewable-energy
BusinessGerman 2024 Gas Consumption up 3.3%, Industry Group Says
BusinessUK’s National Grid to Invest up to $44 Billion in Transmission Business
BusinessEquinor, Partners Combine Two Planned UK Offshore Wind Projects
Top StoriesEU Solar Growth Slows, Raising Fears for Energy Transition
New EU Renewable Energy Target Faces Nuclear Roadblock
Date: December 17, 2024
By Kate Abnett BRUSSELS (Reuters) – European Union plans for a new renewable energy goal hit early resistance on Monday from pro-nuclear governments, who indicated they would not back a goal that excludes atomic energy. The EU’s 27 member countries have opposing views on nuclear power, and political disputes over the energy source have delayed...
Macquarie-Backed Offshore Wind Developer Corio Starts Job Cuts
Date: December 6, 2024
(Reuters) – Corio Generation, the UK-based offshore wind developer backed by Australia’s Macquarie Group, plans to cut a small number of jobs roles, a company spokesperson told Reuters on Thursday. Ballooning costs due to technical and supply chain problems and high interest rates has had many offshore wind sector companies review investments or undertake restructurings....
Exclusive-Shell Slows Investments in Offshore Wind, Splits Power Business
Date: December 4, 2024
By Ron Bousso LONDON (Reuters) -Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business under CEO Wael Sawan’s drive to boost profits, the company told Reuters. Shell Energy, which includes renewables, power generation and supply to customers, will be split into two...
Edf to Extend the Operating Life of Four British Nuclear Plants
Date: December 4, 2024
By Susanna Twidale LONDON (Reuters) -EDF will extend the life of four of its British nuclear plants and invest 1.3 billion pounds ($1.64 billion) in its British fleet over 2025-2027, it said on Wednesday, in a boost for the country’s energy security and efforts to meet its climate targets. Britain has a target to decarbonise...
European Commission Favours More EU Funds for Electric Vehicles Sector
Date: December 4, 2024
BRUSSELS (Reuters) – The European Commission called on Tuesday for an additional 1 billion euros ($1.1 billion) of EU funds to be made available to support electric vehicle battery cell manufacturing, as the EV sector shows signs of pressure. This would form part of an overall 4.6 billion euros set aside from the EU’s Innovation...
German Cabinet Approves $1.4 Billion Subsidy to Cut 2025 Power Network Fees
Date: December 3, 2024
BERLIN (Reuters) – Germany’s cabinet has approved a proposal for a 1.3 billion euro ($1.37 billion) subsidy to offset electricity network fees for consumers next year, the economy ministry said on Tuesday. The plan, which seeks to stabilise electricity prices, comes as high energy costs strain household budgets and hinder industrial production in Europe’s biggest...