Eu

SSAB Joins European Clean Hydrogen Alliance

Specialised global steel company SSAB, who earlier this week started up the world’s first pilot plant for fossil-free steel, has joined the European Clean Hydr…

Crude Oil

OPEC Production Rises By 950,000 Bpd In August

OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand…

Wind Farm

EIB and UniCredit Bank to Finance 143MW Wind Farm in Austria

The European Investment Bank and UniCredit Bank Austria have agreed to finance the development of a 143MW wind farm.

Energy Investment

EU Bank Acquires 25% Stake in Romanian Gas Company

The European Bank for Reconstruction and Development is strengthening energy security in Moldova with the acquisition of a 25% stake in Vestmoldtransgaz.

Market Analysis

Wind Sets New Record Supplying 60% of UK’s Power

RenewableUK is highlighting a new record set on Wednesday 26th August 2020 when wind power generated 60% of Britain’s electricity.

Energy Storage Project

Chinese Companies Develop Europe's Largest Energy Storage Project into Cold Commissioning Stage

The largest energy storage project in Europe developed by China Huaneng Group Co., Ltd.—the British Mendi Battery Energy Storage Project began cold commissioni…

What Substitutes Can We Use Instead Of Fossil Fuels?

​More than ever, humanity is dependent on fossil fuels, with world consumption of petroleum, natural gas, and coal rising a little every year.

Power Construction

Enel Romania Investing EUR 100 Million in Electricity Network Modernization in 2020

Enel Romania’s power distribution companies will invest about EUR 100 million during 2020 in electricity network modernization in the capital Bucharest and the…

Energy-Eficient Building

EBRD Set to Lend up to EUR 5 Million for Energy Efficiency in Niš Residential buildings

The European Bank for Reconstruction and Development is considering a loan of up to EUR 5 million to finance the implementation of energy efficiency measures.

Oil & Gas Trade

Azerbaijan's Exports of Petroleum Products Increase by 16% in the First Seven Months of 2020

From January to July 2020, Azerbaijan exported 706,000 tons of petroleum products, valued at US$190 million.

Clean emission

55% EU Emissions Cut ‘Achievable by 2030’

The EU can achieve 55% reduction in greenhouse gas emissions by 2030 compared to 1990.

Geothermal Power Plant

Chinese Firm Kerui Rigs-up for Geothermal Drilling in Ethiopia

Chinese equipment and oil services company Kerui Petroleum said it has successfully lifted the derrick and substructure for the first 1500HP drilling rig at Eth…

Germany

E.ON Further Expands Commitment to Green Gas

Germany multinational energy company E.ON is further expanding its commitment to green gas by joining the European Clean Hydrogen Alliance.

Solar Power Plant

China Three Gorges Europe Acquires Solar Portfolio in Spain

China Three Gorges Europe has reached an agreement to acquire a portfolio of 500 MW of solar PV power plants in Spain.

Geothermal Power Plant

Current Crisis Could Slow Down Geothermal Development in Italy for the Next Two Years

Before the arrival of the pandemic the geothermal sector – for the production of electricity as well as heat – was in great shape in Europe and in the world.…