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Europe’s Solar Power Surge Hits Prices, Exposing Storage Needs

Europe’s Solar Power Surge Hits Prices, Exposing Storage Needs

Παρ, 21 Ιουνίου 2024 - 19:17

Europe has clocked a record number of hours of negative power prices this year due to a mismatch between demand and supply as solar power generation soars, potentially helping to shift investment to much needed storage solutions

Energean Announces Strategic Sale of Egypt, Italy and Croatia Portfolio

Energean Announces Strategic Sale of Egypt, Italy and Croatia Portfolio

Παρ, 21 Ιουνίου 2024 - 19:14

Energean has entered into a binding agreement for the sale of its portfolio in Egypt, Italy and Croatia to an entity controlled by Carlyle International Energy Partners for an enterprise value ('EV') of up to $945 million, of which $820 million is firm. Completion is expected by year-end 2024, subject to customary regulatory and antitrust approvals

DRI Acquires 126 MW PV Project in Romania

DRI Acquires 126 MW PV Project in Romania

Τρι, 18 Ιουνίου 2024 - 19:18

Dutch-based DRI, the renewable energy arm of Ukrainian energy holding The DTEK Group, said on Tuesday that it acquired a 126 MW solar photovoltaic (PV) project in Romania's southern commune of Vacaresti, Dambovita county, from undisclosed local developers

Chile Lithium Projects Garner Interest From Over 50 companies

Chile Lithium Projects Garner Interest From Over 50 companies

Τρι, 18 Ιουνίου 2024 - 19:14

More than 50 companies have expressed interest in developing lithium projects in Chile, Finance Minister Mario Marcel said on Tuesday, after the government called for proposals for a range of salt flats containing the battery metal

Bulgaria Turns Away from Russian Fuel

Bulgaria Turns Away from Russian Fuel

Πεμ, 13 Ιουνίου 2024 - 20:09

Bulgaria initiates the use of Westinghouse fuel in its Kozlodoui power plant, reducing its energy dependence on Russia and initiating a transition to diversified suppliers

Russia’s Oil Revenue Surged 50% in May

Russia’s Oil Revenue Surged 50% in May

Παρ, 7 Ιουνίου 2024 - 17:35

Russia’s oil proceeds increased almost 50% in May from a year ago, with the nation managing to circumvent sanctions and get a higher price for its crude

Restart Energy Agrees Grid Connection for Romania’s Second Biggest Solar Park

Restart Energy Agrees Grid Connection for Romania’s Second Biggest Solar Park

Τετ, 5 Ιουνίου 2024 - 19:30

Agrovoltaics, a subsidiary of Romania’s Restart Energy group, has concluded an EUR 11.3 million grid connection agreement with transmission system operator (TSO) Transelectrica for the second largest solar park in the country. The 500 MW project will be financed by the US export credit agency, according to a statement from the company

Slovenias HSE Considers 140 Mwp Floating Pv Plant Project

Slovenia's HSE Considers 140 Mwp Floating Pv Plant Project

Τρι, 4 Ιουνίου 2024 - 19:53

Slovenian state-owned electricity producer Holding Slovenske Elektrarne (HSE) is considering the construction of a 140 MWp floating photovoltaic plant on Druzmir lake in northern Slovenia, the company said