Europe & UK

Europe & UK

EU should loosen green tech state aid rules: von der Leyen – EQ Mag

December 16, 2022 Anand Gupta

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European Commission President Ursula von der Leyen on Wednesday proposed to EU leaders that there should be a loosening of state aid rules in renewable energy and clean-tech in response to high energy prices and a U.S. subsidy law that threatens European industries. In a letter to European Union leaders meeting in Brussels for a […]

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Europe & UK

Building a competitive solar-PV supply chain in Europe – EQ Mag

December 14, 2022 Anand Gupta

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Can European businesses achieve a competitive position in the global solar-PV supply chain and strengthen Europe’s energy transition and resilience? It’s challenging but a potential pathway exists. Europe has committed to being a climate-neutral society by 2050.1 This is an ambitious target, which has been complicated by the energy crisis and the Ukraine conflict, as […]

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Europe & UK

Europe’s power crisis has ‘very little to do with Putin,’ portfolio manager says – EQ Mag

December 13, 2022 Anand Gupta

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“The reason why we have a power crisis in Europe has very little to do with Putin,” Per Lekander tells CNBC. “I would almost say that Putin actually made the situation better,” he adds. Comments come at a time of huge disruption within global energy markets following Russia’s invasion of Ukraine in February. The power […]

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Europe & UK

National Grid: Coal plants stood down to supply electricity – EQ Mag

December 13, 2022 Anand Gupta

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National Grid has stood down two coal plants that it had put on standby to generate electricity in case supplies were disrupted because of cold weather. The company had asked Drax, which owns Britain’s biggest power station, to prepare two coal-fired units on Monday. It is still planning to run a test of its scheme […]

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Europe & UK

Siemens, others call for only zero-emission freight trucks to be sold in EU – EQ Mag

December 10, 2022 Anand Gupta

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More than 40 manufacturers, shippers and industry groups including Siemens, Maersk and Unilever called on the EU on Thursday to mandate that all freight trucks be zero-emission models by 2035. In a letter published on Thursday the group said its signatories “urge the European Commission to set all new freight trucks on a path to […]

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Europe & UK

Portugal ends mandatory environmental assessments for green hydrogen projects – EQ Mag

December 9, 2022 Anand Gupta

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LISBON : Portugal wants to speed up investments in green hydrogen projects, which are essential to decarbonize the economy, and will end mandatory environmental assessments for them in March 2023, Prime Minister Antonio Costa said. Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to […]

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Europe & UK

Electric cars driving copper deficit: Swiss commodity giant Glencore – EQ Mag

December 8, 2022 Anand Gupta

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Swiss commodity giant Glencore warned Tuesday that the world faces a copper deficit due to higher demand sparked by the transition to renewable energies and uptake of electric cars. Copper is a conductive metal that is key to electric cars, wind and solar power installations, as well as the infrastructure for storing and transporting renewable […]

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Europe & UK

Greek businesses, households shift to solar power amid energy crisis – EQ Mag

December 7, 2022 Anand Gupta

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Athens : Facing soaring electricity and natural gas bills, Greek companies and households are turning to solar power en masse this year to cope with the ongoing energy crisis. With more than 250 days of sunshine per year, Greece is rich in renewable solar energy potential. According to a recent report by the Hellenic Association […]

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Europe & UK

EIB offers financing and advisory support for renewable hydrogen projects – EQ Mag

December 6, 2022 Anand Gupta

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Companies are invited to connect with EIB for advisory support In the context of REPowerEU objectives to produce 10 million tonnes of renewable hydrogen in Europe by 2030, and the recent funding announcements made under the Important Projects of Common European Interest (IPCEI) Hy2Tech and Hy2Use, the European Investment Bank together with the European Clean […]

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Europe & UK

Airbus Looking At India, Australia, Latin America For Green Hydrogen Supplies – EQ Mag

December 5, 2022 Anand Gupta

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European aircraft manufacturer Airbus is looking to source green hydrogen from India as well as Australia and Latin America. The company official told PTI news agency that Airbus is working on developing a hydrogen-powered fuel cell engine for its ambitious zero-emission aircraft that will enter service by 2035. Airbus has also signed an agreement with […]

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