Spain, Portugal, and Luxembourg press for 2040 EU Renewable Energy Target
In a letter that was seen on Tuesday by, Spain, Portugal, and Luxembourg urged the European Union (EU) to set a target for 2040 to expand renewable energy. This has led to a conflict with other EU nations who want to include nuclear power in the goal.
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 caused by Iran's blocking of the Strait of Hormuz.
RWE and the Trump administration agree to cancel offshore wind leases for $1.22 billion
German energy company, RWE, announced on Thursday it had reached an agreement with the Trump administration for a total of $1.22 billion to cancel offshore wind leases within U.S. waterways and direct the money to LNG and gas power plants.
RWE has reached a $1.22 billion deal with US offshore wind leases to cancel them and invest in gas
German energy company RWE announced on Thursday that they had reached an agreement with the Trump Administration to cancel three offshore leases for wind turbines in U.S. water and redirect the funds towards LNG and natural-gas power plant projects.
HOLD-RWE has announced a $1.22 billion deal to cancel US off-shore wind leases and to invest in gas
German energy company RWE announced on Thursday that it had reached an agreement with the Trump Administration to cancel three offshore leases in U.S. water and direct the money to LNG and gas power plant projects.
EDP chief: EU governments not Brussels slowing down renewable energy investments
The?CEO? of Portuguese energy group EDP stated on Thursday that European Union member countries are not implementing the necessary?permitting?reforms to get renewable power projects built, despite European Commission efforts.
Scientists in the EU say that June was the hottest on record for Western Europe.
Scientists from the EU confirmed on Thursday that Western Europe had just experienced the warmest June ever recorded. An extreme heatwave ended the month, which broke temperature records and disrupted electricity supplies. Schools were also closed.
Scientists in the EU say that June was the hottest on record for Western Europe.
Scientists from the EU confirmed on Thursday that Western Europe experienced its warmest June ever. An extreme heatwave in late-June smashed temperatures records, disrupted electricity supplies, and closed schools.
EDP claims independent board protects it from scrutiny regarding Chinese stake
EDP, Portugal's largest utility, is protected from increased scrutiny of Chinese investments in Europe and the United States by its independent board, according to its CEO. Miguel Stilwell de Andrade, EDP's CEO…
Eastern and Central European countries call on EU to strengthen carbon fund for the poorer members
A letter obtained by? showed that Eastern and Central European countries, including Poland, Bulgaria and Romania, have asked the European Union to strengthen a fund which?helps EU poorer nations transition to cleaner energy. A letter seen by?
Commissioner says EU carbon trading reform will boost revenue to industry
Wopke?Hoekstra, EU climate commissioner, said?on?Tuesday that the European Commission's re-design?of the bloc’s carbon emission trading system is aimed?at ensuring more revenue is returned?to industry as an 'incentive' for it to 'decarbonise'.
EDP's profit recurring drops by 9% following storms in Portugal. This exceeds expectations
EDP, Portugal's largest utility, posted a 9% decline in its first-quarter net profit. The drop was attributed to severe storms that hit the country between January and February. However, EDP still exceeded analysts'…
Spanish wind industry warns EU Windfall Tax could harm investment
AEE, the Spanish wind industry association, warned on Monday that a proposed "windfall tax" on profits of energy companies could have a negative impact on investment in renewable energy at a time when Europe is trying to reduce its dependence on fossil fuels.
Document shows that eight countries have warned the EU against a weakening of carbon markets
Spain, the Netherlands, and six other countries have urged the European Union to not dismantle the emissions trading system of the bloc, which is its primary climate change policy. This comes as Brussels searches for ways to reduce energy prices.
Document threatening legal action by foreign investors against Vietnam for renewables
According to a document seen by the. Last year, the 'dispute' began when Vietnam cut subsidised electricity prices from solar and wind farms. It cited irregularities. Vietnam's energy industry is struggling with…
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets or stocks in France and Benelux. The French electric utility company,?EDF, has set up an advisory board to help finance global nuclear projects.
Seven countries warn EU against changing the energy market design
Seven EU member states, including the Netherlands, Sweden and Belgium, warned the executive of the bloc 'on Thursday' against interfering in the system that determines Europe's energy price. Officials at Brussels are scrambling to reduce bills.
Venture Global shares soar after court rejects Shell’s challenge to LNG ruling
Venture Global's shares jumped by more than 8% Tuesday, reaching their highest level since 10 October after a New York court rejected Shell's bid to overturn an arbitral award in favor of the U.S. gas developer.
Venture Global shares soar after court rejects Shell’s challenge to LNG ruling
Venture Global soared 17% on Tuesday in premarket trading after a New York court denied Shell's request for an arbitration award which favored the U.S. based developer of liquefied natural gas. The British oil…
Galp, a Portuguese company, sees its core profit decline further due to lower oil prices and margins
Galp Energia said that its adjusted 'full-year core profits fell 8%, to $3.57 billion. The company warned on Monday of a further decline in this year. The company blamed weaker oil prices, a refinery shutdown and other factors for the decline in 2025.