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Sun Setting on Japan’s Solar Energy Boom
The sun is setting on Japan’s clean-energy boom, despite projects like a massive floating solar farm near Tokyo, as the government cuts subsidies and bets on nuclear and coal-fired power, critics say. Workers at the floating power station, one of…
OMV Group Report January – September and Q3 2016
“OMV continues to deliver on its strategic targets. We further optimized our portfolio by selling a 49% stake in Gas Connect Austria, the gas transportation business. This will bring us sales proceeds of EUR 601 mn at closing in Q4…
Car Giants Team Up To Build Ultra-Fast EV Charge Network Across Europe
Several of the biggest names in the global car industry have clubbed together to launch plans for an extensive new ultra-fast charging network across Europe, in a bid to encourage the mass-market take-up of electric vehicles. BMW Group, Daimler AG,…
Clean Energy for All Europeans – unlocking Europe’s growth potential
The European Commission today presents a package of measures to keep the European Union competitive as the clean energy transition is changing the global energy markets. The Commission wants the EU to lead the clean energy transition, not only adapt…
EBRD and EIB provide €46.5 million loan each for power transmission in Tunisia
The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) – the EU Bank – are supporting vital developments required for a reliable and efficient operation of the electricity transmission grid in Tunisia. Both EBRD and…
Reports: China To Spend $174bn On Wind And Hydro By 2020
China has unveiled plans to spend at least 1.2tr yuan ($174bn) on wind and hydro power over the next five years as it doubles down on efforts to green its energy system. Documents released by the National Energy Administration (NEA)…
French nuclear power in ‘worst situation ever’, says former EDF director
In the week Britain exports electricity to France for first time in four years, Gérard Magnin says renewable power will match Hinkley Point C on cost. Gérard Magnin, who called Hinkley “very risky” when he resigned as a board member…