English Edition

Romania Launches Renewables Auction for 3.5 GW

Romania Launches Renewables Auction for 3.5 GW

Following a successful first round, in which developers won government support for projects of 1.53 GW altogether, the Romanian Ministry of Energy issued another call, for 3.47 GW of wind and solar power capacity. The deadline for submissions is July 11

Markets Rise as US and China Agree to Slash Tariffs

Markets Rise as US and China Agree to Slash Tariffs

Share markets jumped on Monday after President Trump said weekend talks had resulted in a "total reset" in trade terms between the US and China, a move which goes some way to defuse the high stakes stand-off between the two countries

Orsted Cancels Major UK Wind Project as Economics Worsen

Orsted Cancels Major UK Wind Project as Economics Worsen

Orsted will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow to UK ambitions to decarbonise its energy supplies

EU Unveils Long-Promised Plan to Quit Russian Gas By End-2027

EU Unveils Long-Promised Plan to Quit Russian Gas By End-2027

The European Commission on Tuesday has drafted a roadmap on how it plans to phase out Russian by 2027, aiming to end Europe's dependence on Russian fossil fuels. The two-step plan will terminate new contracts and existing short-term deals by 2025, with a complete ban by 2027. This move is part of the EU's effort to reduce Russia's leverage over energy supplies, following the invasion of Ukraine

US Will Revise Biden-Era Offshore Oil and Gas Bonding Rule

US Will Revise Biden-Era Offshore Oil and Gas Bonding Rule

The Trump administration will revise a Biden-era rule that required the oil and gas industry to provide nearly $7 billion in new financial assurances to cover the cost of decommissioning old infrastructure, the Interior Department said on Friday

North Macedonias Okta Net Profit up 42% y/y in Q1

North Macedonia's Okta Net Profit up 42% y/y in Q1

North Macedonia's oil refinery Okta said its net profit reached 95.7 million denars ($1.8 million/1.6 million euro) in the first quarter of 2025, up 42% year-on-year