Germany is considering providing industry users with subsidies for offshore wind energy

According to a report in the business newspaper Handelsblatt, the German economy ministry is working on a proposal to subsidize offshore electricity for industry clients through an auction process. The goal of this idea is to protect businesses from growing…

EU to “decouple” the costs of gas and renewable energy

As part of an overhaul of the bloc’s energy strategy, the European Union intends to uncouple market prices for gas and renewable energy sources in the near future. According to an article published by the Financial Times today, Brussels wants…

Germany’s 2022 renewable energy output increases but falls short of the 2030 objective

The Environment Agency reported on Monday that although Germany’s power production from renewable energy increased in 2022, it is still below the threshold required to fulfill the aim of generating 80% of electricity from renewable sources by 2030. The agency…

German coal areas in Estern receive €1.4 billion for reopening opencast mines

Former coal districts in eastern Germany have been successful in securing a budget amounting to 1.44 billion euros to be used for the renaturation of lignite mines over the course of the next five years. Brandenburg, Saxony, Saxony-Anhalt, and Thuringia…

With increased natural gas imports, India’s energy sector is preparing for 2023

In order to avoid a repeat of the electricity crisis in India, which occurred last April (2022), which was the worst in 6 years, and in preparation for higher demand next summer (2023), New Delhi asked government companies to increase…

Energy supply risks for the winter are manageable for Europe

As Europe strives to prevent power outages this winter, the head of the French national grid has downplayed the possibility of a breakdown in electricity flows and significant reductions in energy exports across the continent. High gas storage levels, which…

Environment minister urges termination of gas extraction project off the German North Sea Island

According to sources in the daily Neuen Osnabrücker Zeitung, the German environment minister has requested that plans for gas extraction be shelved in the area surrounding the northwestern island of Borkum. Beginning around the end of the year 2024, the…

Germany’s €99 billion energy support program’s final details

The German government reached an agreement on the final specifics of its flagship energy support program, which will lower energy costs for individuals and businesses and will be financed by a tax on energy companies’ windfall profits. EU nations expressed…

The European Commission grants $394 million to 168 eco-friendly projects

168 “green deals” for climate action have received funding totaling more than $394 million from the European Commission (EC) in Europe. The funding, which was approved on November 23, represents a 27% increase over the budget from the previous year…

Large-scale power outages in Germany are “extremely unlikely” this winter

According to the Federal Office for Civil Protection and Disaster Assistance (BBK), there is a relatively low risk of power outages occurring in Germany over the upcoming winter. According to the agency, “a widespread power outage in Germany is quite…