Orsted plunges 20% on risk of $2.3 billion in US impairments

[ad_1] General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. REUTERS/Phil Noble/File Photo Acquire Licensing Rights OSLO, Aug…

Scholz pushes expansion of geothermal energy in Germany

[ad_1] German Chancellor Olaf Scholz attends the weekly cabinet meeting at the Chancellery in Berlin, Germany August 23, 2023. REUTERS/Annegret Hilse Acquire Licensing Rights BERLIN, Aug 24 (Reuters) – German…

Spain’s Asterion to buy German utility Steag for $2.7 billion -sources

[ad_1] FRANKFURT/DUESSELDORF, Aug 25 (Reuters) – Spanish infrastructure investor Asterion has agreed to acquire German utility Steag, beating Czech billionaire Daniel Kretinsky to win the asset, sources involved in the…

EUROPE POWER Spot prices fall sharply on cooler weather, demand data

[ad_1] High-voltage power lines, an electricity pylon and wind turbines are seen near Pedrola, Spain, December 12, 2021. Picture taken on December 12, 2021. REUTERS/Albert Gea/File Photo Acquire Licensing Rights…

South Africa, China sign power deals during BRICS summit

[ad_1] Brazil’s President Luiz Inacio Lula da Silva, China’s President Xi Jinping, South Africa’s President Cyril Ramaphosa, India’s Prime Minister Narendra Modi and Russia’s Foreign Minister Sergei Lavrov pose during…

Germany set to miss net zero by 2045 target as climate efforts falter

[ad_1] A worker pulls the tape from a traffic sign indicating the ban on vehicles with Euro 5 diesel engines, on the Mittlerer Ring in Munich, Germany, February 1, 2023.…

Fortum and Rolls-Royce SMR explore nuclear power in Finland, Sweden

[ad_1] The logo of the energy company Fortum headquarters a subsidiary of Uniper is pictured in Espoo, Finland July 22, 2022. Roni Rekomaa/Lehtikuva/via REUTERS Acquire Licensing Rights COPENHAGEN, March 21…

Exclusive: South Africa’s green power push falters as projects fail

[ad_1] A wind turbine produces renewable energy outside Caledon, South Africa, May 20, 2020. Picture taken May 20, 2020. REUTERS/Mike Hutchings//File Photo Just half of capacity from 2021 bidding round…

Renewables meet 46.3% of Germany’s 2020 power consumption, up 3.8 pts

[ad_1] FRANKFURT, Dec 14 (Reuters) – Renewable sources met 46.3% of Germany’s power consumption in 2020, 3.8 percentage points more than in 2019, utility industry association BDEW said on Monday,…

Power traders remanded in custody in Danish market manipulation case

[ad_1] COPENHAGEN, April 20 (Reuters) – Eight employees of a Danish power trading company will be held in police custody for the next four weeks while suspicion of market manipulation…