Two energy giants, two green projects: one double-booking in North Sea
Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals.
Germany’s half-a-trillion dollar energy bazooka may not be enough
Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago.
Spain’s Iberdrola to invest $47 bln in energy transition in 2023-25
Spain’s Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two years but protecting its balance sheet is a key focus, its chairman said on Wednesday.
EXCLUSIVE Spain’s Repsol in talks to sell 25% of oil and gas unit to EIG, sources say
EIG Global Energy Partners is in early discussions with Repsol (REP.MC) to buy a slice of the Spanish company’s oil and gas exploration and production business, three sources with knowledge of the matter told Reuters.
U.S. to hold its biggest offshore wind auction
The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey.
Italy’s Enel cranks up spending to become carbon-free by 2040
Europe’s biggest utility Enel (ENEI.MI) will spend 170 billion euros ($191.2 billion) to 2030 and will seek to draw in additional funds from partners and others for its projects as it brings forward plans to become a carbon-free company by 2040.
