Renewables
The Netherlands wants to achieve 21 GW offshore of wind capacity by the end of 2031, a target deemed ambitious yet achievable. All eyes are now on the country’s next offshore wind tender which will take place at the end of February.
A new Nigeria-Germany gas export deal has raised concerns about potential impact on decarbonisation targets.
With four new German LNG terminals and eight FSRUs planned, some fear that lawmakers are overcompensating for the loss of Russian pipelined gas.
BP and TotalEnergies were the only successful bidders in a recent offshore German wind auction after offering billions of euros in ‘top up’ payments to the government. This has raised concerns that oil and gas majors will outbid utilities in forthcoming auctions with end-users ultimately footing the bill.
A study by Imperial College London says that for the first time UK wind power provided the country with more electricity than gas.
The Labour Party leader Sir Kier Starmer has pledged to ban all new North Sea oil and gas developments, among measures aimed at boosting UK clean energy.
The complete decarbonization of Italy’s power sector by 2035 is achievable but requires a massive ramp-up of installed renewable capacity in the coming decade, environmental groups said.