Europe & UK

Europe & UK

EU to urgently link electricity grid with Ukraine’s – EQ Mag Pro

March 2, 2022 Anand Gupta

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BRUSSELS : Energy ministers from European Union countries on Monday agreed to urgently link a European power system to Ukraine’s grid, a move that would increase its independence from Russia following Moscow’s invasion of the country. The invasion of Ukraine by Russia, Europe’s top gas supplier, has sharpened concerns of disruption to energy supplies and […]

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Europe & UK

Update on Scatec’s operations in Ukraine – EQ Mag Pro

March 1, 2022 Anand Gupta

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Oslo : Scatec’s main priority in this critical situation is the safety of our employees. Scatec has 66 employees and owns and operates five solar plants totalling 336 MW in Ukraine. The power plants are located in the central and southern parts of the country. An emergency response organization has been mobilised and is assisting […]

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Europe & UK

Bundesnetzagentur Says Germany Started 2022 With 419 MW Solar Registered In January – EQ Mag Pro

March 1, 2022 Anand Gupta

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Germany’s January 2022 installations dropped from a year back when 524 MW was installed, but were almost at par with 421 MW added in the previous month. Germany’s Bundesnetzagentur registered 418.8 MW new solar PV capacity in January 2022 It comprises 261 MW installed outside the country’s flagship EEG scheme In comparison, wind energy space […]

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Europe & UK

France’s TotalEnergies wins 3 GW offshore wind deal on New Jersey coast – EQ Mag Pro

March 1, 2022 Anand Gupta

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PARIS : French oil major TotalEnergies (TTEF.PA) has won a bid to build three gigawatts (GW) of offshore wind power capacity on the New Jersey coast in the United States. The company said the $795 million deal is for the 341 sq km New York Bight concession, which is located up to 87 km from […]

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Europe & UK

UK government awards funding to longer-duration energy storage tech projects – EQ Mag Pro

February 24, 2022 Anand Gupta

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The first awards of funding designed to “turbocharge” UK projects developing long-duration energy storage technologies have been made by the country’s government, with £6.7 million (US$9.11 million) pledged. The total £68 million competitive funding opportunity was launched by the Department for Business, Energy and Industrial Strategy (BEIS) in June 2021 through the national Net Zero […]

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Europe & UK

Cumulative Installed Solar Capacity Of UK Now 14.6 GW With 730 MW Added In 2021 – EQ Mag Pro

February 23, 2022 Anand Gupta

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Solar Energy UK says the country installed 730 MW new solar PV capacity in 2021 It includes 369 MW onsite PV installed in the residential solar segment, reflecting its strongest growth since 2015 Residential, commercial & industrial solar now represent more than 5 GW combined capacity of the 14.6 GW total The British solar power […]

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Europe & UK

UPDATE 2-RWE shares near 11-year high after power producer lifts guidance

February 19, 2022 Anand Gupta

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* Now expects 2022 adj core profit of 3.6 bln-4 bln euros * Adj net profit seen at 1.3 bln to 1.7 bln euros * Shares hit highest level since May 2011 (Recasts, adds share benchmark, analyst) FRANKFURT/DUESSELDORF: Germany’s biggest power producer RWE on Thursday raised its outlook for 2022, citing higher margins in its […]

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Europe & UK

Power Prices Plunge Across Europe in Stormy Weekend Weather

February 19, 2022 Anand Gupta

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European power prices for Saturday plummeted with rates in Germany turning negative for some hours as powerful storms are forecast to spur record wind generation, helping to ease the strain of soaring energy costs. Day-ahead power in Germany, Europe’s biggest market, plunged 66% to its lowest level this year with some hourly prices even dropping […]

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Europe & UK

AMPYR Solar Raises €400 Million To Commission 2 GW Solar Capacity In Europe By 2025

February 18, 2022 Anand Gupta

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ASE has achieved financial closure of €400 million facility from CarVal Investors It will be used to realize a portfolio of over 2 GW in Europe, with initial focus on Germany, the Netherlands and UK Target is to bring online this capacity by 2025, out of its total target of 5 GW large scale solar […]

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Europe & UK

France to target at least 100GW of deployed solar by 2050, Macron says – EQ Mag Pro

February 15, 2022 Anand Gupta

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France will aim to have more than 100GW of installed solar PV capacity by 2050, President Emmanuel Macron announced on Thursday as part of a new energy strategy that will see the country double down on building new nuclear plants. The planned renewable expansion, which also includes a target of having 40GW of offshore wind […]

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