Energy

Denmark Delays Green Hydrogen Pipeline to Germany Until 2031

October 10, 2024

Denmark Delays Green Hydrogen Pipeline to Germany Until 2031

Denmark has postponed the completion of its green hydrogen transmission pipeline to Germany by three years, now targeting 2031 instead of 2028. The decision is aimed at ensuring better coordination with renewable energy production and German demand.

Türkiye Plans Major Renewable Energy Auctions Starting in 2025

October 10, 2024

Min

Türkiye Plans Major Renewable Energy Auctions Starting in 2025

Türkiye is preparing to launch major renewable energy auctions in 2025, with plans to offer at least 2,000 megawatts (MW) of new capacity annually until 2035. These auctions, part of Türkiye's push to boost investment in renewable energy, will focus on wind and solar projects, addressing grid capacity issues and unused project licenses.

October 7, 2024

Min

BP Abandons Oil Output Reduction Target

BP has decided to scrap its goal of cutting oil and gas production by 25% by 2030, as part of a broader strategy shift aimed at boosting profitability and regaining investor trust.

Türkiye to Launch Seismic Research Mission for Oil and Gas off Somalia

October 6, 2024

Min

Türkiye to Launch Seismic Research Mission for Oil and Gas off Somalia

Türkiye is preparing to send its seismic research vessel, Oruç Reis, to Somalia by the end of October to conduct oil and gas exploration. The mission, which follows recent agreements between Türkiye and Somalia, aims to assess potential hydrocarbon reserves in three licensed maritime areas. President Recep Tayyip Erdoğan will attend the send-off ceremony, with operations expected to last about seven months.

Labour Commits Almost £22bn to CCS Projects

October 6, 2024

Min

Labour Commits Almost £22bn to CCS Projects

The Labour government has unveiled a plan to invest close to £22bn over the next 25 years to support carbon capture and storage (CCS) initiatives. The investment will back two major CCS clusters in Teesside and the north-west of England, aiming to bolster clean energy jobs and reduce emissions. However, environmental groups have raised concerns that the technology could extend the use of fossil fuels.

Japan balances nuclear restart with renewable energy expansion

October 3, 2024

Min

Japan balances nuclear restart with renewable energy expansion

Japan plans to restart nuclear power plants while expanding renewable energy to meet growing electricity demands under Prime Minister Shigeru Ishiba's administration. Despite initial opposition to nuclear energy, Ishiba now supports a balanced approach to secure energy supply and reduce reliance on costly fossil fuel imports.

Newcleo Raises €135mn and Relocates Headquarters to Paris

September 30, 2024

Min

Newcleo Raises €135mn and Relocates Headquarters to Paris

Nuclear energy start-up Newcleo has secured €135 million from new investors, including Italian pension fund Inarcassa, as it relocates its headquarters from London to Paris. With this new funding, Newcleo's total raised capital exceeds €535 million, positioning the company to deepen European partnerships and access more funding opportunities as it develops small modular reactors powered by reprocessed nuclear waste.

Renewables Surpass Fossil Fuels in Dutch Power Generation

September 29, 2024

Min

Renewables Surpass Fossil Fuels in Dutch Power Generation

For the first time, renewable energy sources have generated more electricity than fossil fuels in the Netherlands during the first half of 2024. This shift marks a significant milestone in the country's efforts to reduce greenhouse gas emissions and transition towards a greener energy future.