Green hydrogen revolution: the EU’s energy turnaround
06/05/2024
The European Union is committing 720 million euros to stimulate the production of green hydrogen, marking a major turning point for renewable energies.
The European Union is committing 720 million euros to stimulate the production of green hydrogen, marking a major turning point for renewable energies.
Plenitude launches construction of Renopool in Badajoz, a 330 MWp solar project, the company’s largest to date.
Faced with falling LNG prices in Europe, purchases of Algerian cargoes are increasing, marking a peak in exports.
Enagas, the operator of the Spanish gas system, is set to unveil its proposal for a national hydrogen network, following its designation as a Project of Common European Interest. This initiative is part of Spain’s ambitious plans to strengthen its green energy infrastructure.
Matrix Renewables, backed by TPG Rise, and Banco Sabadell have signed a €179 million project financing agreement for the development and construction of five solar photovoltaic power plants in Spain.
BayWa r.e. has completed three photovoltaic (PV) own-use projects for pharmaceutical company Merck and food packaging specialist Tetra Pak.
Spanish energy group Repsol reports a 13% fall in first-quarter net profit, affected by declining gas prices and increased investment in renewable energies.
Spanish group Iberdrola saw its net profit jump 85% in the first quarter of 2024, reaching 2.76 billion euros thanks to strategic disposals, despite a decline in sales amid falling electricity prices.
Soltec will supply its SFOne trackers for a new 367 MW solar installation in Lorca, in the Murcia region, reducing visual impact and maximizing energy efficiency.
The Emirati group Taqa is discussing the acquisition of 41% of Naturgy, and is considering a public offer for the entire share capital.
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