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    Germany Prepares for Hybrid War as Russia Cuts Gas to Europe

    EU To Act To Reduce Liquidity Stresses In Energy Markets

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

    Biden Backs Offshore Wind. But The Market Is State-Driven

    Biden Backs Offshore Wind. But The Market Is State-Driven

    Ukraine Supports The UN-Call For A Nuclear Plant Safety Zone

    Ukraine Supports The UN-Call For A Nuclear Plant Safety Zone

    Global Coal-Fired Electricity Making Hits New Peak In 2021

    Australian Greens Want To Shut State Coal Facilities By 2030

    Work begins on $1.7bn China-financed coal plant in Turkey

    Royalty Arrangement Deters Coal Investment In Indonesia

    Statkraft seeks planning nod for 49.9-MW Scottish wind farm

    Wind Energy Could Help India In Enhancing RE Power By 24 GW

    Nawah Energy starts Unit II of Barakah Nuclear Power Plant in UAE

    Zaporizhzhia Nuclear Plant Radiation Calamity Barely Dodged

    Construction begins on new units at two nuclear power plants in China

    The UK Approves A Nuclear Power Facility For €35 Billion

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

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    Germany Prepares for Hybrid War as Russia Cuts Gas to Europe

    EU To Act To Reduce Liquidity Stresses In Energy Markets

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

    Biden Backs Offshore Wind. But The Market Is State-Driven

    Biden Backs Offshore Wind. But The Market Is State-Driven

    Ukraine Supports The UN-Call For A Nuclear Plant Safety Zone

    Ukraine Supports The UN-Call For A Nuclear Plant Safety Zone

    Global Coal-Fired Electricity Making Hits New Peak In 2021

    Australian Greens Want To Shut State Coal Facilities By 2030

    Work begins on $1.7bn China-financed coal plant in Turkey

    Royalty Arrangement Deters Coal Investment In Indonesia

    Statkraft seeks planning nod for 49.9-MW Scottish wind farm

    Wind Energy Could Help India In Enhancing RE Power By 24 GW

    Nawah Energy starts Unit II of Barakah Nuclear Power Plant in UAE

    Zaporizhzhia Nuclear Plant Radiation Calamity Barely Dodged

    Construction begins on new units at two nuclear power plants in China

    The UK Approves A Nuclear Power Facility For €35 Billion

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements
    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

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EU To Act To Reduce Liquidity Stresses In Energy Markets

in News, Renewable Power
Germany Prepares for Hybrid War as Russia Cuts Gas to Europe

As businesses scream for government assistance, the European Union is prepared to act to reduce the growing stress in the energy markets brought on by rising collateral requirements. In light of growing signs of stress and the fact that energy providers are having trouble meeting such margin expectations due to a lack of cash stability, the executive arm of the EU intends to take severe action as part of a bigger package of measures to address the situation. According to a document released on 7th September, the panel will liaise with the relevant securities and banking authorities to explore solutions to enable market players to find the collateral to pay margin calls.

The extraordinary ambitions to enter the energy markets will be discussed at a meeting of energy ministers too. Pressure on the alliance to reduce the rise in energy prices and prevent social unrest as Europe enters winter increased following Russia’s decision to shut off the vital Nord Stream pipeline.

The plans for a tax on fossil fuel producers based on pre-tax earnings and a cap on the excess profits of enterprises that generate electricity from means other than natural gas will be discussed by ministers. Profits are to be redirected to help customers. As Moscow has made it clear that it won’t supply gas to nations who sign on to price caps, they might also take into consideration a suggestion to cap the price of Russian gas imports. This action runs the risk of escalating friction. A required target decrease in electricity use is also being proposed.

Why Europe Wants to Alter the Cost of Power: A QuickTake

Ursula Von der Leyen, the president of the commission, claims that they are dealing with extremely high electricity prices for both consumers and businesses as well as extremely unstable markets. They will therefore provide a collection of urgent measures that will protect vulnerable clients and businesses and facilitate their adaptation.

A cap on the cost of electricity for generators that don’t utilise gas might be set at 200 euros ($198.07) per megawatt hour, according to a draught regulation seen by Bloomberg News. September 7th saw shares of some of Europe’s largest power producers increased. The proposal from the EU for a price cap, according to senior analyst Jens Zimmermann at Credit Suisse, “is high enough so as not to inhibit future investments in non-gas producing technologies.”

The panel will present legislative suggestions with additional specifics after it has governments’ political approval. Ville Niinisto, a Green party member and former Finland environment minister, said, he thinks the commission’s approach appears good as it attempts to cut the price of power for customers while preserving the emphasis also on energy efficiency and reduction of peak demand.” As a sustainable solution to the energy issue brought on by the usage of fossil fuels and the increase in the price of fossil gas, these initiatives must continue to support investments in affordable renewable energy and energy efficiency.

The EU intends to suggest two demand reduction goals. For the first, governments would need to implement policies that reduced overall electricity use across all users by 10% to 15%. According to the proposal, the second would focus on the most expensive production times and require a minimum 5% reduction in net usage during peak times.

The Czech Republic will make an effort to keep the topic of a potential price ceiling on Russian gas off the agenda of the forthcoming meeting of energy ministers, said Jozef Sikela, the country’s minister of trade and industry, in a statement made in Prague on 7th September. Sikela, whose government would be leading the negotiations, claimed that any cap would be used as a political ploy rather than a measure to address Europe’s present energy crisis.

In addition, Von der Leyen stated that the EU will think about whether to include Russian gas imports and liquefied natural gas (LNG) in the price ceilings, as Poland has urged. Additionally, the bloc is thinking about setting a new baseline for LNG pricing.

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