Six countries are interested in EU discussions on windfall profits taxation of oil companies.
A 'letter from their finance ministers on Monday revealed that six European Union countries wanted the 27-nation EU to discuss in September how to tax the windfall profits of oil companies…
Scientists say that climate change is causing record temperatures in Europe's oceans.
Scientists warned on Wednesday that climate change caused by humans was the primary cause of recent sea temperatures around Europe. They warned of serious consequences for marine ecosystems and coastal communities.
Malaysia's fear of resources tests Asia's fastest-growing data centre
Malaysia, which has surpassed Singapore as the fastest-growing hub for data centres in the region, is now under increasing scrutiny due to the resource debate that's spreading to emerging Asia.
Even if the conflict ends, oil supply shock will worsen due to further decline in inventories
Even if U.S.-Iran reach a peaceful agreement to end their war, oil supplies will tighten in the coming weeks. It will take weeks before oil shipments from the Middle East Gulf can be resumed and reached refiners around the world.
Even if the conflict ends, oil supply shock will worsen due to further decline in inventories
Even if U.S. and Iran reach a peaceful agreement to end their conflict, oil supplies will tighten in the coming weeks. It will take weeks for oil to be shipped from the Middle East Gulf to refiners around the world.
Microsoft will continue to buy enough renewable energy for all its needs
Microsoft has pledged to "keep buying enough renewable energy to meet all of its electricity needs" after meeting this goal for the first year. Tech giants are ramping up capital expenditures…
What is the purpose of Europe? It must act fast: Stephen Jen
We all know someone who seems to be cursed with bad luck. Europe is beginning to resemble that unfortunate person, as it faces both internal and external problems. The region now needs a clear purpose and an ambitious plan to reach it.
Draft shows that Europe is committed to expanding wind energy despite Trump's criticism
A draft declaration that is due to be signed by the leaders of European governments, including Germany, Britain, and Denmark, showed they will continue to expand their wind power projects despite Donald Trump's escalating criticism.
Orsted and ESB won 900 MW of offshore wind tenders in Ireland
Orsted announced on Wednesday that Ireland had awarded the rights to build a 900 Megawatt (MW), offshore wind farm, to a joint-venture between Denmark's Orsted utility and Irish utility ESB.
JERA Nex BP halts US Beacon Wind Project as Costs Soar
JERA Nex BP is a joint venture formed by Japan's largest power generator JERA, and BP. It plans to halt the development of the U.S. Beacon off-shore wind power project, and layoff its U.S.
A2A CEO: Milan's data center capacity will increase tenfold within five years
The Chief Executive of A2A, an energy group, said that data centres in the financial capital of Italy, Milan, are expected to increase their capacity by around two gigawatts over the next five-year period…
Grid operators claim that the UK's winter energy is secure, despite lower gas margins.
In their winter outlooks, the electricity and gas grid operators in Britain expect that there will be enough energy this winter despite tighter margins for gas due to declining production at home.
Even as money flows in, tariffs and geopolitics are dragging down European IPOs
Advisors say that the Middle East and tariffs are scaring investors and European companies, even though volatility has subsided and money is flowing back into equity markets. The global economy…
Even as money flows in, tariffs and geopolitics are dragging down European IPOs
Advisors say that the Middle East and tariffs are scaring investors and European companies who are considering their initial public offering, even though volatility has subsided and money is flowing back into equity markets.
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.
SSE Reduces Investment Plans by 15% Amidst Project Delays
British utility SSE on Wednesday cut its five-year investment plans by 15%, or 3 billion pounds ($4.04 billion), reflecting project delays, supply chain disruptions and also changes in the economic outlook.SSE…
Utility SSE reduces investment plans by $4 Billion due to project delays
British utility SSE cut its investment plans for the next five years by 15% or 3 billion pounds (4,04 billion dollars) on Wednesday, due to project delays, disruptions in supply chains and changes in economic outlook.
Irish Government approves floating LNG emergency facility
On Tuesday, the Irish government announced that it had approved the development of an emergency temporary facility for importing liquefied gas (LNG) and storing it. Ireland is one out of five EU members without domestic storage.
Aurora increases its European battery capacity 2050 forecasts by 30%
Aurora Energy Research increased its forecast of 2050 battery storage in Europe by nearly 30%, to 128 gigawatts. It highlighted Italy as the most appealing market for investors. The demand…
Document shows that ten EU countries have called for sanctions against Russian LNG and gas
A document obtained by revealed that ten European Union nations have asked the 27-nation group to ban the imports of gas from Russia. This comes as Europe is debating new sanctions against Moscow for its war in Ukraine.