Naturgy Energy Group SA Secures €1 Billion Loan from EIB to Boost Renewable Energy Investments. New Renewable Capacity and Job Creation. Spanish energy giant Naturgy Energy Group SA has signed a €1 billion loan agreement with the European Investment Bank…
European Union Approves Bulgaria’s Plan for Energy Storage Development The European Union has approved Bulgaria’s plan to support the construction of new energy storage facilities with a total capacity of at least 3 GWh. The project budget is €590 million,…
The President of the Philippines, Ferdinand Marcos Jr., officially launched the construction of the Meralco Terra Solar project, set to become the world’s largest solar power plant combining photovoltaic (PV) technology with a battery energy storage system (BESS). Project Details…
Spanish Government Extends Windfall Tax on Energy Companies. The Spanish government has decided to extend the temporary windfall tax on energy companies, originally set to expire at the end of 2023. As part of negotiations over a new fiscal plan,…
2024: A Year of Uncertainty for the Clean Hydrogen Sector The year 2024 was marked by uncertainty for the clean hydrogen sector, driven primarily by elections in key global economies. While the European Union and the United Kingdom maintained a…
Developing countries will receive $300 billion annually from wealthy nations to combat climate change, as agreed upon by participants at the COP29 climate summit held in Baku. The agreement, reached late Saturday night, marks a $200 billion increase in funding…
The Finnish company Wärtsilä has announced significant advancements in fire safety and noise reduction for its Quantum energy storage systems. These innovations respond to growing regulatory requirements while reducing environmental impact. New Fire Safety Tests – Above-Standard Security In collaboration…
Brazilian energy company Neoenergia SA (BVMF) has announced plans to invest 300 million BRL (52.2 million USD / 49.1 million EUR) in the development of renewable energy sources on the Fernando de Noronha archipelago in Pernambuco state. Noronha Verde –…
President-elect Donald Trump Announces Chris Wright as Secretary of Energy Nominee. President-elect Donald Trump has announced that Chris Wright, an entrepreneur in the oil and gas industry and a staunch advocate for fossil fuels, will be nominated as the Secretary…
Orlen Synthos Green Energy (OSGE) and Laurentis Energy Partners Sign Agreement to Develop the First Preliminary Safety Report (PSAR) for a Small Modular Reactor in the European Union Orlen Synthos Green Energy (OSGE) and Canadian company Laurentis Energy Partners have…