The wind farm consists of 102 turbines, which are capable of producing enough renewable electricity to power more than 630,000 homes.
Read More »US Sanctions against Nord Stream 2 Challenge Attractiveness of Investing in EU
US sanctions against Nord Stream 2 challenge the attractiveness of investing in Europe, Chairman of Executive Board of Austria’s OMV, one of Gazprom’s financial partners on the project, Rainer Seele said during a conference call on Wednesday. “In any case, as a European company, we expect politicians to ensure Europe’s …
Read More »First Floating Wind Farm in Continental Europe Fully Powered Up
Located off the coast of Portugal, Windfloat Atlantic has now been connected to the grid and is capable of supplying electricity to 60,000 homes a year.
Read More »Offshore Wind Power Now so Cheap It Could Actually Pay Money back to Consumers
A new study found the latest round of offshore wind farms to be built in the UK could actually reduce household energy bills across the country.
Read More »Russia’s Nord Stream 2 Pipeline will Significantly Cut Gas Prices in Europe
European consumers will benefit from lower gas prices if the underwater pipeline from Russia to Germany, the Nord Stream 2, is completed, energy consultancy Wood Mackenzie said as the US is up in arms trying to stop the project. Analysts expect the price for the blue fuel in Europe to …
Read More »US Oil Exports to Europe Rebound as OPEC+ Cuts Supply
The United States has increased oil supply to Europe in July for the first month since May, making up for output cuts from OPEC+ members, according to traders and Refinitiv Eikon data. US crude supply to Europe reached nearly 31 million barrels in July, according to Refinitiv Eikon data as …
Read More »EU Bank Greenlights €2bn for Global Energy Projects
That includes investment in energy efficiency and clean energy projects that support the transition towards a low carbon economy.
Read More »EU Approves Ireland’s New Renewable Aid Scheme
The Irish Government intends to introduce the Renewable Electricity Support Scheme (RESS) for green power production from sources including solar and wind farms.
Read More »Tech that Turns CO2 into Animal Feed Lands £3m Funding
The process uses microbes to convert carbon dioxide emissions and turn them into high-value proteins.
Read More »EU Tells US: Stop Threatening Our Companies with Sanctions
The European Union (EU) is warning United States (US) President Donald Trump’s administration to hold off threatening trade sanctions against EU companies involved in the completion of new German-Russian and Turkish-Russian natural gas pipelines and instead discuss differences as allies. This week, the Trump administration warned companies involved in the …
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