Europe & UK

Only Volkswagen, Volvo doing enough to electrify in Europe Study

Europe & UK

VW aims to produce 3 mln small EV cars in 2025-2030 in Spain, SEAT chief says – EQ Mag

March 25, 2023 Anand Gupta

BARCELONA : German carmaker Volkswagen plans to produce 3 million small electric vehicles at its two plants in Spain between 2025 and 2030, Wayne Griffiths, the chairman of VW’s Spanish unit SEAT, said on Wednesday. The German car maker is pushing the electrification of its production and plans to build a battery plant in Spain. […]

Bordeaux,,,Aquitaine,France,-,11,11,2021,:,Totalenergies

Europe & UK

TotalEnergies’ bet on gas means no big emissions cut by 2030 – EQ Mag

March 23, 2023 Anand Gupta

PARIS : French oil major TotalEnergies (TTEF.PA) forecasts its overall greenhouse gas emissions will not see a big reduction by 2030 given it wants to grow its gas business, executives said in an update on its climate strategy on Tuesday. TotalEnergies plans to boost its liquefied natural gas (LNG) output by 40% this decade. Chief […]

Monthly meeting in virtual mode with original equipment manufacturers of wind turbine generators availing concessional customs duty benefits

Europe & UK

Italy’s Eni announces plans for three new offshore wind farms – EQ Mag

March 23, 2023 Anand Gupta

New agreements for offshore wind in Italy could add to a growing capacity that could meet the energy demands of more than a million homes, Italian energy company Eni said Wednesday. GreenIT, Eni’s joint venture with Italy’s CDP Equity and Copenhagen Infrastructure Partners, signed an agreement to build three floating wind farms off the coast […]

Spain says Germany to join hydrogen pipeline project

Europe & UK

EU plans subsidies for hydrogen made using renewable energy: draft document – EQ Mag

March 18, 2023 Anand Gupta

BRUSSELS : The European Commission will outline plans on Thursday for a hydrogen subsidy scheme that would make clean versions of the fuel more competitive with fossil fuel-based hydrogen, a draft document showed. EU industries use about 8 million tonnes of hydrogen, but the vast majority of that is produced using gas in a process […]

Shell to join clean hydrogen project in Norway

Europe & UK

Energy major Shell says it’s ahead of the curve in terms of carbon intensity – EQ Mag

March 17, 2023 Anand Gupta

Multinational energy company Shell said Thursday it met its 2022 target for emissions, which were down about 30% relative to a 2016 benchmark. Shell in a progress report on its energy transition strategies showed it met its goals in its progress toward becoming a “net-zero emissions energy business” by 2050. “I am especially proud of […]

BMW says lower import duties on EVs for some time can help in boosting demand, local manufacturing

Europe & UK

BMW expects to hit 50 per cent all-electric sales target ‘well ahead’ of 2030 – EQ Mag

March 16, 2023 Anand Gupta

Automaker also expects a quarter of vehicles to be all-electric by 2025 BMW is one of the automakers pushing for an e-fuel exemption to extend the lifespan of combustion engine tech and also readying hydrogen vehicles for sale by the middle of this decade, but that doesn’t mean it’s rowing back on its commitment to […]

Europe & UK

EU green tech plan not protectionist: von der Leyen – EQ Mag

March 15, 2023 Anand Gupta

STRASBOURG, France : European Commission president Ursula von der Leyen denied Monday that the EU’s response to huge US green subsidies was “protectionist”, as Brussels prepares to unveil measures to boost clean tech. The EU’s executive arm headed by von der Leyen is set to lay out its Net Zero Industry Act on Thursday in […]

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

Europe & UK

European Commission aims to make renewable energy easier to adopt – EQ Mag

March 15, 2023 Anand Gupta

Reforms in the European electricity market could open the door to more renewables, leaving consumers less exposed to global market and geopolitical developments, the European Commission proposed Tuesday. The commission proposed reforms on Tuesday designed to accelerate the adoption of renewable energy, phase out natural gas and protect consumers from external events. “The energy crisis […]

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

Europe & UK

Britain’s tax take risks blowing green energy off target – EQ Mag

March 14, 2023 Anand Gupta

The recently introduced electricity generator levy is seen by industry players as a de facto windfall tax and could result in Britain missing its targets for renewable energy London : A cap on revenue and the lack of the sort of incentives offered to oil explorers are blocking the development of renewable energy in Britain, […]

Europe & UK

UK ANNOUNCES TWO-DECADE CLEAN ENERGY PLAN – EQ Mag

March 13, 2023 Anand Gupta

Britain on Friday announced a 20-year plan to capture carbon and commit to nuclear energy as it strengthens energy supplies and seeks a net zero economy by mid-century. The project’s investment worth £20 billion ($24 billion) will help to create 50,000 jobs, according to a statement. Finance minister Jeremy Hunt was set to outline more […]