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Highlights of Global Energy Market in 2021

Τετ, 22 Δεκεμβρίου 2021 - 21:04

The global energy sector in 2021 featured record high natural gas prices due to low output and rising demand as economies started to recover from the effects of Covid-19, crude oil price volatility amid OPEC+ decisions, new Covid-19 variants, and pledges to fight global warming from the UN Climate Change Conference

Sembcorp Energy Plans Biggest European Battery Storage System in UK

Δευ, 20 Δεκεμβρίου 2021 - 18:49

Sembcorp Energy UK (SEUK) has unveiled plans to build Europe’s largest battery energy storage system in the UK, which will have a capacity of 360MW

Bulgarian Parl Freezes Energy Prices for Households Until March 31

Δευ, 20 Δεκεμβρίου 2021 - 18:44

Bulgaria's parliament decided on Thursday to freeze the prices of electricity, heating and water for households at their current levels until the end of March 2022 in an attempt to alleviate the pressure of rising energy bills during winter months

Wind Overtakes Nuclear Power as Leading Source of Electricity in Spain

Παρ, 17 Δεκεμβρίου 2021 - 14:14

Even if the wind stops blowing in the next three weeks, wind power will end the year as the leading source of electricity in Spain. This will mean wind overtaking nuclear in the national energy matrix for the first time since 2013, the only year since records began in which wind turbines were the main source of power

EBRD Invests 25 Mln Euro in Greece's Gek Terna Bond Issue

Παρ, 17 Δεκεμβρίου 2021 - 14:02

The European Bank for Reconstruction and Development (EBRD) said it has invested 25 million euro ($28.3 million) in a 300 million euro sustainability-linked seven-year bond issued by Greece's holding company Gek Terna

OMV Petrom Says Black Sea Gas Project Could be Delayed Pending Tax Change

Πεμ, 9 Δεκεμβρίου 2021 - 18:18

Romanian OMV Petrom could postpone a final investment decision over its Black Sea deep water gas project until 2023 if lawmakers do not amend an offshore law by the end of this year as agreed, its chief executive said on Wednesday

Experts Launch 1st Independent Hydrogen Coalition to Guide Decision-Makers

Πεμ, 9 Δεκεμβρίου 2021 - 18:09

An expert group of scientists, academics and engineers on Thursday will launch the world's first independent coalition on hydrogen's role in the energy transition known as The Hydrogen Science Coalition, a statement from the group said

Romania's Transgaz Borrows EUR 44 Mln to Consolidate Transfer Capacity to Moldova

Δευ, 29 Νοεμβρίου 2021 - 18:19

Romanian gas transport system operator Transgaz has contracted a one-year loan to finance investments in northeastern Romania and ensure its transfer capacity towards the Republic of Moldova - where it owns and operates through Vestmoldtransgaz a pipeline from Iasi-Ungheni cross-border interconnector to Chisinau industrialized area

Russia Says No Rush for Any Revisions on OPEC+ Output Plans

Δευ, 29 Νοεμβρίου 2021 - 18:15

Russia's Deputy Prime Minister said there is no need for immediate action to balance the oil market amid reports that the OPEC+ group may tweak its output schedule over potentially lower demand resulting from the new COVID-19 variant

TERNA ENERGY SELECTS INTEC S.A. and the PI SYSTEM, OSIsoft’s Leading Data Management Platform, for its Renewable Energy Assets 

Τρι, 23 Νοεμβρίου 2021 - 10:19

INTEC S.A. a leading independent software and services provider, is pleased to announce that TERNA ENERGY S.A., a leader in production and storage of clean energy, with a strong portfolio of projects in Greece and abroad, aiming to reach 3,000 MW of installed RES capacity in the next 5 years, has selected OSIsoft’s PI System solution to provide a fully integrated data management software platform for its Renewable Energy assets.

Zagreb to Renew 40 Percent of its Public Lighting, Prepares to Become Smart City

Παρ, 19 Νοεμβρίου 2021 - 20:00

The City of Zagreb will reconstruct 40% of public lighting using a public-private partnership model in a project worth EUR 42 million. The project is part of the strategy of the Croatian capital to become the Smart City of Zagreb

UK Wind Blade Recycling Plant Pilot Secures £2 Million Funding

Παρ, 19 Νοεμβρίου 2021 - 19:54

Government grant to provide bulk of funding for £2 million (€2.4 million) project to recover blades’ glass-fibre component

Russia's Sberbank to Lend $800 Million for Akkuyu NPP Project in Turkey

Τετ, 17 Νοεμβρίου 2021 - 20:56

Russia's largest lender Sberbank will provide loans of $800 million for the construction of Turkey's first nuclear power plant (NPP), Akkuyu, the bank announced Wednesday