International Edition

Day: February 13, 2023

Turkmenistan: three senior officials relieved of their duties

Turkmen President Serdar Berdymukhamedov has relieved the economy minister and two deputy ministers responsible for the energy and oil sector, which is crucial for the Central Asian country, whose economy depends on natural gas exports. The country is seeking to diversify its gas exports by delivering gas through the TAPI pipeline project. However, these projects suffer from recurring difficulties, particularly due to the return of the Taliban to power in Kabul.

Germany discusses acquisition of TenneT’s German operations

The German government is currently discussing a possible takeover of the German operations of the Dutch state-owned power grid operator TenneT. The goal is to facilitate the country’s energy transition to renewable and decarbonized energy sources.

Oil prices down despite Russian production cuts

Oil prices started the week lower, despite the announcement of Russian oil production cuts. Concerns about near-term demand have returned to the forefront as the uncertain economic outlook in many major oil-consuming economies, such as the U.S., Europe and even China, persists.

Definition of “green” hydrogen divides Europe

The European Commission is proposing a definition of “green” hydrogen that includes “low carbon” hydrogen produced from nuclear electricity. While France welcomes this opening, Germany and Spain are opposed, considering as “green” only hydrogen from renewable sources. The decision is now in the hands of the European Parliament and the Member States, which have four months to accept or oppose these criteria.

Sun Mountain Solar: 293 MW solar project in commercial operation

Lightsource bp announced the commercial operation of its 293-megawatt Sun Mountain solar project in Pueblo, Colorado. This project, in collaboration with Xcel Energy and McCarthy Building Companies, adds to Lightsource bp’s $500 million-plus commitment to Colorado’s clean energy infrastructure.

Matrix Renewables and BBVA: a sustainable financing of 40 million euros

Matrix Renewables and BBVA join forces to support the energy transition in Spain. Thanks to a sustainable financing of 40 million euros, the construction of two solar power plants, Zaratán and Arroyadas, is finally starting in the municipality of Valladolid. The project, which will generate 66 MW when completed, will create 500 local jobs during the construction phase.