Energy

Major Green Ammonia Investment in Finland Moves Closer to Reality
November 20, 2024
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Major Green Ammonia Investment in Finland Moves Closer to Reality

The €600 million green ammonia production facility planned for Naantali, Finland, has taken a significant step forward with the involvement of Meridiam, a French sustainable infrastructure specialist. The project, led by Finnish company Green North Energy, aims to produce carbon-neutral ammonia, reducing emissions by 330,000 tons annually.

Cyprus Engages Gulf Energy Companies in Talks Over Natural Gas Exploration
November 18, 2024
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Cyprus Engages Gulf Energy Companies in Talks Over Natural Gas Exploration

Cyprus is in early discussions with energy companies from the Persian Gulf about potential partnerships for natural gas exploration in its exclusive economic zone (EEZ). President Nikos Christodoulides announced the talks, highlighting the involvement of major players like Italy’s Eni, France’s Total, ExxonMobil, and Chevron, which already hold licenses in the region.

Türkiye Joins Global Push to Triple Nuclear Energy Capacity by 2050
November 18, 2024
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Türkiye Joins Global Push to Triple Nuclear Energy Capacity by 2050

Türkiye has become one of six new countries endorsing a declaration to triple global nuclear energy capacity by 2050, bringing the total number of supporting nations to 31. As part of its commitment, Türkiye aims to achieve 20,000 megawatts (MW) of nuclear-installed capacity by mid-century, including the construction of new nuclear plants and small modular reactors (SMRs).

Moscow Halts Gas Deliveries to Austria Amid Escalating Tensions
November 18, 2024
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Moscow Halts Gas Deliveries to Austria Amid Escalating Tensions

Gazprom Export has announced it will stop gas deliveries to Austria starting Saturday, November 16, 2024. The decision follows an arbitration ruling awarding €230 million to Austria's OMV in a dispute with the Russian gas giant. Austrian officials, including Chancellor Karl Nehammer, have assured the public that the country is prepared for the halt, citing well-stocked reserves and diversified energy sources.

Britain Plans to Ban New Coal Mines in Move Toward Cleaner Energy
November 14, 2024
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Britain Plans to Ban New Coal Mines in Move Toward Cleaner Energy

The UK government is drafting new legislation to ban all new coal mines, aiming to accelerate its transition to renewable energy. The move follows the recent closure of Ratcliffe-on-Soar, the nation’s last coal-fired power station, marking a shift away from coal, which once accounted for 40% of the UK’s energy. The ban is part of a broader commitment by Prime Minister Keir Starmer to cut greenhouse gas emissions by 81% from 1990 levels by 2035.

France Restarts Saint-Avold Coal Power Plant Amid Winter Demand Surge
November 13, 2024
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France Restarts Saint-Avold Coal Power Plant Amid Winter Demand Surge

In response to the seasonal spike in energy demand, France has restarted its Saint-Avold coal-fired power plant, one of only two such plants left in the country. This decision coincides with the COP29 climate conference, sparking debate over France's energy policy and its commitment to decarbonization.

Vattenfall to Invest €5bn in Germany’s Clean Energy Market
November 11, 2024
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Vattenfall to Invest €5bn in Germany’s Clean Energy Market

Swedish energy company Vattenfall announced plans to invest €5 billion in Germany’s renewable energy sector by 2028. The investment aims to boost Germany’s infrastructure for solar parks, wind farms, and battery storage, further cementing the country’s role as a leader in the European clean energy transition.

Japan to Sign Technology Deal for Poland's Nuclear Power Plant
November 7, 2024
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Japan to Sign Technology Deal for Poland's Nuclear Power Plant

Japan and Poland will sign a memorandum of understanding on nuclear energy cooperation, focusing on information exchange and technology transfer from Japanese firms such as Hitachi and IHI for Poland’s first nuclear plant.

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