EU approves 6.5bn euro German carbon leakage scheme
The European Commission has approved, under EU State aid rules, a €6.5 billion German scheme to partially compensate energy-intensive companies to address the risk of carbon leakage from higher fuel prices resulting from the German fuel emission trading system (‘German fuel ETS’). Germany notified the Commission of its plan to support energy-intensive companies exposed to […]
Germany to have ‘highest LNG consumption in Europe’
Germany’s reliance on Russian gas and the need to find alternate supplies given the current geopolitical situation between the two countries has set Germany on a course to the highest liquefied natural gas (LNG) consumption in Europe. The country, which previously relied on pipelines from Russia to meet its natural gas needs, is now looking […]
E.ON and Tree Energy Solutions partner to import green hydrogen to Germany
E.ON and Tree EnergySolutions (TES) haver agreed on a strategic partnership to import green hydrogen at scale into Germany, including the investigation of potential joint engagements along the entire hydrogen value chain to build a source for secure, long-term green hydrogen supply. TES is developing a green energy hub in the German port of Wilhelmshaven. […]
Germany ‘goes aggressive’ on renewables
The more rigid targets brought around by the latest revision to Germany’s renewable energy act (EEG) in June aims for the country to achieve 65%, instead of the originally targeted 50%, of its electricity consumption comes from renewable sources by 2030. Such stricter targets would mean that, during 2021-2030, the country’s solar photovoltaic (PV) and onshore wind […]