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Emissions Trading System
EEX Exchange to Host German Carbon Auctions for Another 3 Years
The European Energy Exchange (EEX) has won the tender to host auctions of emission allowances on behalf of the German government for three years from 2024, exte…
EDF Signs for Additional 2 Billion Euros of Loans
Debt-laden power giant EDF has signed for a total of 2.2 billion euros ($2.28 billion) in new loans maturing in three years, provided financial breathing space …
Crude Oil
Exxon to Exit Equatorial Guinea Amid Wider Africa Crude Phaseout
Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to t…
Italy
Italy Applies 50% Windfall Tax on Energy Companies' Extra Income, Draft Shows
Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the…
Solar Technology
EU Continues to Be at the Forefront of Clean Energy Research
The rapid development and deployment of home-grown clean energy technologies in the EU is key to the response to the current energy crisis, the European Commiss…
Electric Car
Technology Trending: Community Solar, Battery Production and Supply and Japan E-Mobility
Scaling up battery production in Europe, advancing e-mobility with battery supply in Japan and a new community solar project in New York, are on the week’s tec…
Smart Meter
Europe’s Smart Electricity Meter Penetration Reaches 56%
This corresponds to the deployment of about 9.2 million meters across the region, the EU27+3, during the year taking the total from 163 million units at the end…
Energy Transition
Vietnam Boosts Coal Use Plan for 2030 as G7 Climate Offer Stalls
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were s…
Nuclear Reactor
EDF Could Lose 5 Bln Euros from France's Windfall Tax -Les Echos
A planned French windfall tax on energy companies' profits during Europe's current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion…
Germany
Germany Is Not Blocking EU Energy Solution but Is 'Sceptical', Minister Says
Germany is not standing in the way of the European Union's solution to the energy crisis, Economy Minister Robert Habeck told the Handelsblatt daily on Thursday…
Wind Farm
France’s First Commercial-Scale Offshore Wind Farm Starts Full Operations
France's first commercial-scale offshore wind farm started full operations on Wednesday, adding 480 megawatts of capacity to the grid at a time when Europe is s…
Energy Storage System
Tesla Giant Battery Built Near Dogger Bank Offshore Wind
The project hailed as “Europe’s largest” battery, has the capacity to power around 300,000 UK homes for two hours
Natural Gas
EU Executive Proposes Gas Price Cap at 275 Euros/MWh
The European Union executive on Tuesday proposed a gas price cap for the bloc at 275 euros ($282) per megawatt hour for month-ahead derivatives on the Dutch exc…
Energy Storage System
Harmony Energy Income Trust Brings Europe’s Largest Battery Energy Storage System Online
Europe’s biggest battery energy storage system (BESS) (by MWh) located in East Yorkshire, the UK, has been successfully energised.
Energy Investment
Italy’s A2A Scales Down Investments to 16 Bln Euros by 2030 to Cut Carbon Footprint
Italy's largest regional utility A2A on Tuesday scaled back its investments aimed at cutting its carbon footprint, as volatility in energy markets prompted the …
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