Europe

Electric Car

Honda Plugs Into German VPP for Grid Stability Proof of Concept

In what the motor giant is calling a huge breakthrough for Vehicle to Grid (V2G) technology, Honda has become the first automaker in Europe to gain Frequency Co…

Crude Oil

Europe Rushes to Fill Up on Russian Diesel Before Ban Begins

European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited.

Israel

Israel’s Econergy Secures 250 Mln Eur Financing for Renewable Projects

Israel's Econergy Renewable Energy has secured 250 million euros ($258 million) of financing from French asset manager RGREEN INVEST to strengthen its investmen…

Crude Oil

EU Expects to Be Ready for Russia Oil Price Cap Dec. 5 Start - Officials

The European Union expects to have its regulations completed in time for the introduction of a G7 plan to cap the price of Russian crude oil on Dec. 5 , the EU'…

Crude Oil

European Refiners Oversupplied as Oil Shortage Fears Subside

European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.

EIB Approves €4bn in Clean Energy Investment

The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enh…

Electric Car

InoBat Inks Declaration for EV Battery Gigafactory in Serbia

InoBat Auto, European developer of Electric Vehicle (EV) batteries, has signed protocols and declarations of intent with the Government of the Republic of Serbi…

EU

EU Financial Watchdog Launch Fact-Finding Dive Into ‘Greenwashing’

The European Union's banking, securities and insurance watchdogs launched a joint public consultation on Tuesday to help them better understand 'greenwashing' a…

Crude Oil

Russian Oil Output to Fall 1.4 Mln Bpd Next Year as EU Ban Takes Effect - IEA

Russian oil output is set to fall 1.4 million barrels per day(bpd) next year after a European Union ban on seaborne exports of Russian crude comes into effect, …

Carlyle Launches European Clean Energy Developer: ‘We Would Rather Build’

Private equity firm Carlyle Group Inc has formed a unit to build solar and other renewable energy plants as part of a push into creating infrastructure to addre…

Namibia

Namibia’s First Green Hydrogen Power Plant Finds Finance

Hydrogène de France (HDF) Energy has partnered with European Investment Bank partner to implement Namibia’s first green hydrogen power plant.

Natural Gas

COP27: Israel Says Big Boost in Gas Supply to Europe Will Take Years

Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on Friday.

Nuclear Reactor

EU Needs $460 Billion Investment to Maintain Nuclear Power Capacity

The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity.

Natural Gas

Persistent EU Rifts Seen Delaying Any Approval of Gas Price Cap

Belgium, Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate an acute energy crunch.

Oil & Gas Supply

The EU's Energy Partnership With Gulf Countries Makes “More Sense Than Ever”

Cooperation between the European Union and the Gulf Cooperation Council is more important than ever, the head of EU foreign policy Josep Borrell said, as quoted…