Tag Archives: Germany

Trading Hub Europe GmbH, the German natural gas market area manager, is holding “intensive discussions” with Germany’s authorities to potentially receive subsidies to refill gas storage sites amid fast-depleting inventories and rallying forward gas prices. “We are still in talks with the ministry as well as the regulator, and as …

The Romanian business of Austria’s energy giant OMV has reached an agreement with German firm Uniper to supply natural gas to Germany from a Black Sea project from 2027, sources with knowledge of the deal have told Reuters. Austria and Europe as a whole are looking to secure alternative gas …

Germany’s solar boom has slowed to a trickle and turned into a bust for domestic manufacturers of solar panels and PV system installers and providers. Following a breakneck surge in solar power installations in 2022 and 2023 at the peak of the energy crisis, German solar capacity additions slowed toward …

A EUR 4.06 billion ($4.24 billion) direct grant by the German government for four gas storage and regasification units (FSRUs) has received state aid rules clearance from the European Commission. Germany chartered the FSRUs December 2022 and created Deutsche Energy Terminal GmbH (DET) to manage the liquefied natural gas (LNG) …

Intraday power prices in Germany jumped and natural gas-fired electricity generation rose to a two-year high this week as low wind speeds continue to depress wind power output. Natural gas use for power generation rose on Wednesday to its highest level since December 2022, as a wider power supply gap …

Germany’s power margin, the available electricity supply to meet demand, is set to drop this week to the lowest level so far this winter, as low wind speeds and colder weather are straining the power system, according to models compiled by Bloomberg. This week, wind speeds in Germany have dipped …

TotalEnergies has agreed to buy German renewables developer VSB Group from Swiss asset manager Partners Group. The transaction, worth €1.57 billion in equity value and shareholder loans, remains subject to the approval of applicable merger control authorities. VSB has more than 475 MW of renewables capacity in operation or under …

Germany might exceed 100 GW of cumulative solar capacity in 2024, as new projections from Bundesverband der deutschen Energie- und Wasserwirtschaft (BDEW) estimate 17.5 GW in new PV installations. Germany’s renewable energy association, BDEW, said it expects 17.5 GW of new PV capacity in 2024, up from 15.3 GW in …

Shell is gearing up to transform its largest German oil refinery, Rheinland, turning the crude-centric Wesseling site into a base-oil powerhouse. The overhaul, set to kick off next quarter, signals a major shift as Shell pivots from conventional oil refining toward high-grade lubricants. Goodbye crude processing at Wesseling—by 2025, that …

Germany’s government has approved plans for the development of a hydrogen network that would cost 19 billion euros, equivalent to $20.5 billion. The plan would include converting natural gas pipelines into infrastructure for the transportation of hydrogen, building new pipelines as well, and connecting them all with big industrial energy …