Statkraft, Norway to reduce costs by $292 million and may layoffs
Statkraft, the Norwegian state-owned utility, announced on Wednesday that it will reduce its annual costs of around 15%, or 2.9 billion crowns (US$292 million), by 2027. Statkraft cited increased global uncertainty…
Moroccan utility ONEE awarded $340 million for energy transition
The European Investment Bank and the German state lender KfW have granted ONEE, the Moroccan water and electricity utility, a loan of 300 million euros ($340 millions) to support the integration of renewable energies into the national grid.
Italy fully supports EU efforts in order to stop Russian gas imports before 2027
The Italian energy minister said to reporters that Rome fully supports the European Union's efforts to stop Russian gas imported into the EU by 2027. He added that any decision by Rome to increase LNG imports from America is up to private purchasers.
European stocks close higher for the fourth day in a row; US inflation data is assessed
The European stock market ended Tuesday slightly higher, with investors assessing mixed corporate results and the fading of positive momentum fuelled by a soft U.S. reading on inflation, along with a truce between the Sino-U.S. Trade spat.
Portugal's EDP posts 21% profit increase as Iberia rain boosts hydro
Portugal's largest utility EDP reported a stronger-than-expected 21% increase in first-quarter net profit on Friday, after heavy rainfall boosted hydroelectric output in Iberia, where power prices almost doubled.
EDP Renovaveis Expects Core Recurring Profit in 2025
EDP Renovaveis, the world's fourth largest wind energy producer, said on Thursday it expects core recurring profit to grow 13% in 2025 on the back of a solid operational performance, despite a 24% drop in net…
Wind energy company EDPR expects its core recurring profits to rise 13% by 2025
EDP? EDP? Portugal's EDP, the renewables division of EDP, announced earlier that it had a net loss for its first quarter of 52 million euros ($59.9 million) despite an increase in revenue. This was slightly lower…
Wind energy company EDPR's profits fall 24% despite high revenues
EDP Renovaveis (the world's fourth-largest wind energy producer) announced on Thursday that its first-quarter profit had fallen by 24% despite an increase in revenue. This was because it did not have any capital gains, unlike the previous year.
Upgrades to the EU's power grid are needed at a cost of trillions of dollars in order to avoid blackouts similar to those that occurred in Spain
To cope with the increasing demand for electricity, and the growing green energy production in Europe, and to prevent blackouts, trillions of dollars will be needed to invest. Spain and Portugal experienced their worst power outages in a week.
Microsoft's Ribera claims that it has complied with European regulations
Teresa Ribera, Vice President of the European Commission, said that Microsoft Chairman Brad Smith told her company to abide by European regulations whether they are in agreement or not. Ribera, in a recent interview…
Upgrades to the EU's power grid are needed at a cost of trillions of dollars in order to avoid blackouts similar to those that occurred in Spain
To cope with the increasing demand for electricity, and the growing green energy production in Europe, and to prevent blackouts, trillions of dollars will be needed to invest. Spain and Portugal experienced their worst power outages in a week.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Derichebourg Derichebourg established a partnership with LG Energy Solution to create a joint…
Portugal's Galp Q1 profit core falls by 29%, as refinery margins are halved
Galp Energia, a Portuguese company, reported a 29% decline in its adjusted core profit for the first quarter on Monday. This was due to a drop in oil production and a decrease in refining profits that were less than half of what they had been a year earlier.
Xi said that China's climate action will not be slowed down despite the global political changes.
According to the official Xinhua News Agency, President Xi Jinping stated on Wednesday that China's efforts to combat climate change would not be slowed down despite political developments around the world. Xinhua…
EDPR reports unexpected loss due to heavy impairments in US and Colombia
EDP ???? ?Renovaveis ? ??????????????????????? The world's fourth largest wind power producer posted a net loss of unexpected 556 million euro ($584million) in 2024 due to heavy impairments for projects in the United States…
Lightsource bp has secured 10 power purchases totaling 1.3 GW in the last 12 months
The firm reported on Wednesday that Lightsource bp - a renewable energy developer and a subsidiary of British oil giant BP - secured 10 power purchase agreement (PPA) in the last year, totaling 1.3 gigawatts of renewable energy capacity worldwide.
European firms exposed as Trump targets US offshore wind
U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.Former…
Portugal imports more US and Nigerian LNG in order to stop Russian supplies
The Portuguese government plans to buy more liquefied gas (LNG), mainly from the United States, and Nigeria to replace its already diminishing Russian supplies. This was announced by Environment Minister Maria da Graca Carvalho on Tuesday.
Portugal is keen to create an offshore wind cluster that could reach up to 10 gigawatts
Portugal's Government said on Friday that it is keen to create a cluster wind farms off the coast of its Atlantic Ocean. The total power of these wind farms could reach around 10 gigawatts. Lisbon approved last…
Iberdrola Gets Portugese Nod for Wind Farm Start
Iberdrola has received a production license from the Portuguese Directorate-General for Energy and Geology of Portugal (DGEG), taking another step towards the construction of the largest wind farm in Portugal.Located in the districts of Vila Real and Braga…
