Europe & UK

NTPC Limited transfers renewable energy assets to NTPC Green Energy Limited (NGEL)

Europe & UK

9 EU states agree to work on Mediterranean green energy hub – EQ Mag

May 19, 2023 Anand Gupta

Valletta : Energy ministers from nine EU countries have agreed to turn the Mediterranean region into a green energy hub. At their meeting in Valletta, the capital of Malta, on Thursday, the Ministers of the so-called MED9 alliance, including Croatia, Cyprus, France, Greece, Italy, Portugal, Slovenia and Spain, signed the Malta Statement, a joint declaration […]

Only Volkswagen, Volvo doing enough to electrify in Europe Study

Europe & UK

Volkswagen aims for ‘margin parity’ on some EVs by 2025 – EQ Mag

May 19, 2023 Anand Gupta

MUNICH : Volkswagen Chief Financial Officer Arno Antlitz said on Wednesday rising battery material costs mean it will be 2025 before the automaker can build some electric vehicles at the same profit margins as combustion models. “A lot of the margin parity depends on raw materials,” Antlitz told the Reuters Automotive Europe conference. When Volkswagen […]

Brazil – TotalEnergies Partners With Casa dos Ventos to Jointly Develop a 12 GW Renewable Energy Portfolio

Europe & UK

Pro-nuclear countries pitch atomic role in Europe’s green transition – EQ Mag

May 18, 2023 Anand Gupta

PARIS : Pro-nuclear countries made the case the energy form is central to Europe’s transition to a low carbon economy on Tuesday, against a background of deep disagreements in the European Union over its role in meeting climate commitments. Long-standing divisions over nuclear energy in the 27-member bloc deepened this year after countries clashed over […]

Shell to join clean hydrogen project in Norway

Europe & UK

Shell to use new AI technology in deep sea oil exploration – EQ Mag

May 18, 2023 Anand Gupta

NEW YORK : Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday. SparkCognition’s AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the largest oil […]

European Investment Bankand Development Bank of SouthernAfricalaunch EUR 400 million South Africa renewable energy investment initiative

Europe & UK

Energy transition in European Union is irreversible: Report – EQ Mag

May 17, 2023 Anand Gupta

The potential benefits can turn into reality if governments implement the laws to reach a net emission reduction of at least 55 per cent by 2030 NEW DELHI : A new report by Strategic Perspectives on Tuesday described the potential socio-economic effects of achieving the European Union’s climate target for 2030. The potential benefits can […]

Europe & UK

Russian oil exports hit post-invasion high: IEA – EQ Mag

May 17, 2023 Anand Gupta

Russia’s oil exports rose in April to the highest level since its invasion of Ukraine, boosting revenues by $1.7 billion despite Western sanctions, the International Energy Agency said Tuesday. The Paris-based organization said Russian exports increased by 50,000 barrels per day to 8.3 million bpd last month, estimating that the country still needs to deliver […]

Europe & UK

EU countries to finalise 42.5% renewable energy target – EQ Mag

May 16, 2023 Anand Gupta

BRUSSELS : European Union countries are set to finalise a new renewable energy target to get 42.5% of the bloc’s energy from renewable sources by 2030, a final version of the law showed. The EU and its member states are pushing hard to decarbonise their economies to tackle climate change and shore up security of […]

Europe & UK

Honda unveils next all-electric vehicle to launch in the European market – EQ Mag

May 16, 2023 Anand Gupta

Over the weekend, Honda unveiled its new 2023 SUV lineup, which includes the fully electric e: Ny1, ZR-V hybrid, and the old favorite CR-V with a twist. The e: Ny1, in particular, has garnered some attention because it’s Honda’s second all-electric vehicle. Honda released the e-City vehicle in Europe first. It gained wide acclaim and […]

Tamil Nadu govt asks collectors to identify sites for solar parks

Europe & UK

A New Era Of Renewable Energy Owned By The Consumer – EQ Mag

May 15, 2023 Anand Gupta

As governments around the world attempt to boost clean energy production, they are also trying to incentivize consumers to switch away from fossil fuels. Many consumers do not have the funds or space to switch to renewable energy options, but a new innovation is looking to solve that issue. The UK’s first co-owned solar park […]

Europe & UK

EU launches first tender for joint gas purchases – EQ Mag

May 13, 2023 Anand Gupta

The European Union on Wednesday launched its first international tender for joint gas purchases, as the bloc looks to assure its supplies in the face of Russia’s war on Ukraine. The 27-nation bloc is pushing to get the best price it can as it fills it storage ahead of next winter and avoid the record […]