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Offshore Wind Power
Europe Needs Stronger Wind Supply Chain and Clear Investment Signals
The European Commission is preparing a Net Zero Industry Act and changes to Europe’s Electricity Market Design. CEOs of Europe’s leading energy comp…
Solar Power Plant
RWE Becomes a Top Tier Renewable Energy Company in the United States
RWE AG, one of the world’s leading renewable energy companies, successfully closed the acquisition of all shares in Con Edison Clean Energy Businesses, In…
LNG
LNG Floating Terminal Will Supply New 840-Mw Gas-Fired Plant in Greece
A joint venture featuring three energy companies is developing an 840-MW natural gas-fired power plant at the Aegean port of Alexandroupolis, Greece. The plant …
Switzerland
Swiss Hydropower Plant to Power 2.5MW Hydrogen Production Facility
Swiss renewable energy companies Axpo and Rhiienergie are building a 2.5MW hydrogen production facility at the 18MW Reichenau hydropower plant in Domat/Ems, Swi…
Biofuel
Casterra to Supply Castor Feedstock for Biofuel Production
Casterra Ag Ltd., the integrated castor cultivation solution company and a subsidiary of Evogene Ltd., announced Jan. 19 that it has entered into an agreement w…
Oil Price
Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap
The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…
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…
Spain
Spanish Windfall Tax on Banks, Energy Firms Clears First Hurdle
An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in parliament in the early hours of Friday with the backi…
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…
Oil Price
Italy’s Windfall Tax on Energy Companies Needs to Be Rewritten - PM
Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament o…
Energy Storage Battery
The World Desperately Needs to Invest More in Battery Storage
Over the past year, energy companies have been steadily planning for the development of battery storage facilities, to support their renewable energy operations…
Wind Power Project
Wind Energy Industry Warns: Actions Not Words Needed to Address Energy Security and Climate Crises Ahead of COP27
More than 100 leading wind energy companies call on Paris Signatories to streamline planning and permitting, upgrade grid infrastructure and evolve power market…
Natural Gas
EU to Propose Crisis Measures to Curb Energy Price Spike
The European Union is set to unveil plans on Wednesday to skim off windfall profits from energy companies and impose cuts in electricity usage across the bloc. …
Oil & Gas Trade
New UK Prime Minister Opposes Windfall Tax on Energy Companies
UK's new Prime Minister Liz Truss said she was against the windfall tax on oil and gas companies operating in the UK.
EU
European Utilities Rally as EU Unveils Rescue Plan
Just hours after the European Commission proposed caps on power prices across the bloc, European utilities have rallied, with stocks gaining on indications that…
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