Tag Archives: Europe

A new 500MW solar photovoltaic plant in Spain, described by the Spanish utility Iberdrola as ‘the largest in Europe’ has entered operation. The Núñez de Balboa facility, which involves an investment approaching €300 million (£263m), has more than 1.4 million solar panels and will generate enough clean energy to supply …

Norway, the biggest oil producer in western Europe, said it would consider joining a broad international agreement to cut production. The Nordic nation, whose oil output is set to grow over the next few years, hasn’t been a part of coordinated international cuts to support prices since 2002. OPEC and …

Spain and Sweden have the cheapest power purchase agreement (PPA) prices in Europe for wind and solar energy, according to data from Bloomberg NEF’s (BNEF) 1H 2020 European Corporate PPA Price Survey. Sweden, with prices set around €30.50/MWh, is the cheapest market for onshore wind corporate PPAs. In the solar …

European liquefied natural gas (LNG) imports are set to hit an all-time high in March, as the region absorbs global oversupply at a time of declining demand, Kallanish Energy reports. According to experts at the IHS Markit LNG Research Service, total LNG deliveries to Europe are expected at nearly 11 …

Oil prices collapsed to their lowest levels in decades in March amid coronavirus concerns and OPEC+’s failure to reach a deal on production cuts, which prompted Riyadh and its allies to open the taps. Refineries in the United States and Europe are rejecting to accept any more Saudi Oil, even …

Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share in Europe. Russia’s gas giant Gazprom, the single largest supplier of natural gas to Europe, has watched with apprehension the growing volumes …

More than 200 small- and medium-sized oilfield services operators in Europe, or 20 percent of all European oilfield services firm, could go bust as the coronavirus epidemic will hit the market hard and wipe out US$5 billion worth of orders, Rystad Energy said in a new impact analysis. Most of …

The Trump administration made an exhaustive effort to try to wean Europe off of inexpensive, dependable Russian gas exports in recent years, pushing Brussels into a commitment to build new terminals for US liquefied natural gas (LNG) and, recently, trying to sabotage the construction of Nord Stream 2. Unfortunately, now …

Governments across Europe should keep clean energy top of mind as they consider measures to protect their economies against a likely recession caused by the coronavirus, the International Energy Agency (IEA) has said. The European Commission is paying close attention to the economic impact of the coronavirus, saying border shutdowns …

Saudi Arabia is unleashing a wave of crude toward Europe, traditionally the backyard for Russian oil sales, pledging to supply regional refineries with as much as triple their usual intake from the kingdom. The Saudi shipments, coupled with unprecedented discounts, are turning the European oil market into the most bitterly …