renewable-energy
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Germany Agrees 200 Billion Euro Package to Shield Against Surging Energy Prices
Date: September 29, 2022
By Holger Hansen and Kirsti Knolle BERLIN (Reuters) – German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) “defensive shield”, including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices. Europe’s biggest economy is trying to...
Germany’s Leag Eyes 1,000 Mw Solar Park in Renewables Expansion
Date: September 29, 2022
FRANKFURT (Reuters) – German brown coal miner and power generator Leag unveiled plans on Thursday to build a 1,000 megawatt (MW) solar park that could open in early 2026, as it looks to expand in renewable energy. Leag, based in eastern Germany’s Lusatia region, aims to bring 7 gigwatts (GW) of solar and wind output...
Germany Extends Run Times for Coal-Fired Power Plants to Boost Supply
Date: September 28, 2022
By Vera Eckert FRANKFURT (Reuters) – Germany’s cabinet on Wednesday passed two decrees to prolong the operation of sizeable hard coal-fired power generation plants up to March 31, 2024, and to bring back idled brown coal capacity up to June 30, 2023, to boost supply. The economy ministry in a press release spoke of the...
Germany Plans to Extend Lifespan of Two Nuclear Power Plants -Minister
Date: September 27, 2022
BERLIN (Reuters) -Germany expects to extend the lifespan of two of its last nuclear power plants Isar 2 and Neckarwestheim beyond their planned phase-out as declines in France’s nuclear power supply have worsened, Economy Minister Robert Habeck said on Tuesday. Germany had planned to complete a phase-out of nuclear power by the end of this...
Iberdrola Hires Barclays to Sell Stake in Spanish Renewable Portfolio, Expansion Says
Date: September 26, 2022
MADRID (Reuters) – Spanish power company Iberdrola hired Barclays’ investment bank to sell up to 49% in a portfolio of Spanish renewable power projects, Expansion newspaper reported on Monday, citing unidentified market sources. Iberdrola is considering selling a stake in a series of wind and solar power projects, most of them still in development, with...
Auto Suppliers Feel the Green Squeeze as Carmakers Get Clean
Date: September 26, 2022
By Nick Carey, Victoria Waldersee and Giulio Piovaccari TAMWORTH, England (Reuters) – The auto industry’s drive to a greener and cleaner future is a treacherous road for companies in its beleaguered supply chain. Only the strong and the shrewd may survive. Many auto suppliers, already squeezed by rampant inflation and energy prices, say they have...