Britain's greenhouse gases emissions dropped 2% in the last year
The government's preliminary data?on Thursday showed that Britain's greenhouse gases emissions dropped?by 2 percent last year as emissions from industry fell. Britain's goal is to achieve net zero emissions in 2050. This will require an increase in renewable energy and the switch to cleaner electric cars. Department for Energy Security and Net Zero estimated…
EUROPE GAS-European Gas prices rise as supply risks offset lower demand
The benchmark Dutch and British gas prices climbed a little higher on Monday, after the Yemeni Houthis launched their first attack on Israel at the weekend. This increased the U.S. - Israel war with Iran and raised fears of supply disruptions. ICE data shows that the benchmark Dutch front-month contracts at TTF hub were up 1.183 euro at 55.36 Euros per megawatt hour or around $18.65 /mmBtu by 0810 GMT.
Afreximbank and Heirs Energies sign a $750 million financing agreement to boost Nigeria's gas and oil output
The African Export-Import Bank and Heirs Energies Ltd signed a $750 million financing agreement on Monday to fund the 'field development program' in Nigeria and strengthen the capital structure of the energy firm. Afreximbank arranged a dual-tranche senior secured, reserve-based loan facility that will support Heirs Energies in its growth strategy, as it seeks to increase oil and gas production.
Maguire: High natural gas prices may lead to a new surge in coal consumption in the US
The benchmark U.S. gas prices will end 2025 the same way they started - with an explosive rally. This is bad news for those who hoped for a further reduction in coal consumption in the U.S. Gas prices in the United States increased by a third between January and March this year due to a harsh winter and strong LNG exports. This led to an increase in coal-fired electricity generation…
Maguire: High natural gas prices may lead to a new surge in coal consumption in the US
The benchmark U.S. gas prices will end 2025 the same way they started - with an explosive rally. This is bad news for those who hoped for further reductions in U.S. coal usage. Gas prices in the United States increased by a third between January and March this year due to a harsh winter and strong LNG exports. This led to an increase in coal-fired electricity generation, as utilities reduced costs by burning coal instead of gas.
Celtic Sea floating wind farm to be developed by EDP and Engie Ocean Winds
Crown Estate, Britain's Crown Estate, announced on Wednesday that Ocean Winds, an Ocean Winds joint venture between Portugal’s EDP Renewables (EDP) and France’s Engie (Engie), has won the seabed lease rights for a floating wind farm of 1.5 gigawatts in the Celtic Sea, off the coasts of Wales and South West England. The UK aims to decarbonise the electricity sector by 2030 in order to reduce its reliance upon fossil fuels…
EUROPE GAS-European gas prices continue to ease on mild and windy weather
The British and Dutch gas contract eased further Friday, after a steep fall the day before, due to forecasts of mild weather and windy conditions in Europe over the next two week. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub fell 0.19 euros to 30.90 Euro per megawatt hour (10.48/mmBtu) at 1010 GMT. It traded earlier at 30,82 euros/MWh - its lowest intraday price since October 1.
Britain announces a budget of $1.45 billion for offshore wind auction
Government documents revealed on Monday that Britain will offer a lower budget for offshore winds in its next round of auctions to encourage investment in renewable energy capacity. One analyst said the country would struggle to reach its clean power goals. The documents released on Monday show that the next round of auctions will have a budget for fixed…
Draft bill shows India plans to open the retail electricity sector to private companies nationwide
A draft bill from the federal ministry of power showed that India intends to open its retail electricity market nationwide for private companies, ending the dominant role of state-run distribution in the majority states. This move will enable private companies like Adani Enterprises (Tata Power), Torrent Power (CESC) and Tata Power to increase their presence in the country.
The FCA of the UK is investigating energy company Drax for its disclosures about biomass sources
The UK's financial watchdog has launched an investigation into Drax Group's disclosures about the biomass it sources, following a previous investigation conducted by the energy regulator of the country. This sent its shares plummeting more than 12% in Thursday's trading. Ofgem fined Drax 25 million pounds ($33.77m) for reporting incorrect data about wood from Canadian forests.
India will allow private companies to mine uranium and import it to aid nuclear expansion
Two government sources have confirmed that India wants to allow private companies to mine, import, and process uranium. This is part of a plan to end the decades-old monopoly of the state over the nuclear industry and to bring in billions to boost the sector. The government of Prime Minister Narendra Modi plans to increase nuclear power production by 12 times before 2047.
Pulse Clean Energy, a startup company in the UK, receives 220 million pounds to build batteries across the UK
The British startup Pulse clean energy announced that it has secured 220 millions pounds ($292.3) in funding from six international bank to fund the development six new battery system sites throughout the UK. In a Monday statement, it did not specify the locations of the sites, but stated that they were "strategically situated across the UK, including Scotland, Devon and Greater Manchester".
Britian Reforms Energy Scheme to Prioritize Renewables Projects
The British government on Tuesday made changes to its main scheme for promoting clean energy projects, extending contract lengths and changing how auction budgets are set in a bid to accelerate the roll-out of renewable energy.Offshore wind is at the heart of Britain's plans to decarbonise its electricity sector by 2030. It aims to boost capacity to 43-50 gigawatts by the end of the decade…
Britain accelerates clean energy projects through a new energy reform scheme
The British government made changes on Tuesday to its main scheme to promote clean energy projects. Contract lengths were extended and auction budgets were changed in an effort to speed up the rollout of renewable energy. Britain's plans for decarbonising its electricity sector are centered around offshore wind. The aim is to increase capacity from 15 GW to 43-50 Gigawatts (GW) by the end decade.
Britain launches a strategy to expand offshore wind and create jobs
The government announced on Friday that Britain has launched its first onshore wind policy, which aims to increase renewable energy capacity and create jobs in this sector. Britain aims to decarbonise the electricity sector in its country by 2030, as part of its efforts to achieve its climate goals and boost energy security. It also wants to reduce its power costs through a reduction in its dependence on fossil fuels.
The price of gas in the Netherlands and UK is falling as Norwegian supplies rise.
Dutch and British wholesale prices of gas fell on Monday morning, as the supply was strong and demand was rising due to warmer temperatures in much of Europe. However, this demand was offset by a weaker heating demand. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub fell 0.55 euros to 32.35 Euro per megawatt-hour or $11.11/mmBtu at 0802 GMT. The Dutch August contract is down by 0.57 euros at 32.88 Euro/MWh.
Britain Rejects Moroccan Subsea Power Project In Favor of Domestic Solutions
Britain has rejected a 25 billion pound ($34.39 billion) Moroccan renewable energy project that would have used solar and wind power from the Sahara to supply up to seven million UK homes.The British government, which is aiming to largely decarbonise its electricity sector by 2030, said on Thursday it believed domestic projects could offer better economic benefits."The government has concluded that it is not in the UK national interest
Equinor Gwynt Glas wins UK floating offshore wind leases
The Crown Estate announced on Thursday that Equnior, a joint-venture between EDF Renewables UK, and ESB has won seabed leases for the construction of floating wind farms off the coasts of Wales and South West England. The UK aims to decarbonise the electricity sector by 2030 in order to reduce its reliance upon fossil fuels, and to drive down costs. It…
Crown Estate of the UK to invest 400 million stg offshore wind
The Crown Estate of King Charles III, which controls the seabed in Britain, announced on Tuesday that it would invest up to $400 million pounds ($543 millions) into the offshore wind industry. It said that the investment would support the construction and development of new infrastructure including ports, supply chains, manufacturing facilities, and research…
Prices of EUROPE GAS firm due to higher demand, French nuclear concerns and hot weather
The Dutch and British wholesale gas price rose on Wednesday morning. This was due to the rising electricity prices in France, increased cooling demand and Europe's need for gas storage sites. LSEG data shows that the benchmark Dutch front-month contract was up 0.72 euros at 35.50 Euro per megawatt hour or $11.90/mmBtu at 0837 GMT. The price of August was 0.75 euros higher, at 35.85 Euro/MWh.