Repsol will decide this Thursday whether to sell 25% of Repsol Renovables (total worth some €3.500 B)

Norbolsa | This Thursday Repsol’s board will decide on whether it will sell 25% of Repsol Renovables, according to online daily El Confidencial. Possible favourites could be Prédica (a subsidiary of Credit Agricole) and Swiss fund Energy Infrastructure Partners. A valuation of 3.5 billion euros has been suggested for 100% of Repsol’s renewable arm. We recall that a few days ago press reports flagged the possibility that Repsol was studying…

Spain's renewables sector

Bottlenecks in Spain’s renewables: there are requests for up to 150.000 MW vs target of additional 60.000 MW for 2030

Renta 4 | The bottlenecks continue in Spain: Red Eléctrica de España (REE) has 339.800 MW of renewables registered in December 2021 compared with 339.700 MW in November. The normal is an additional +2k on a monthly basis. There are too many requests to build wind and photovoltaic farms in Spain. So the government is encouraging the withdrawal of the more problematical ones, those with fewer possibilities of getting through…

Lack of political will for renewables energy

EU: The Share Of Renewables In The Mix Rose To 39%, Beating Fossil Fuels (36%) For The First Time

The share of electricity generated from renewables in the EU energy mix (39%) exceeded the share of fossil fuels (36%) in 2020 for the first time ever and EU consumption of both electricity (-4%) and gas (-3%) fell from 2019 levels, but most of the drivers for this change (notably the COVID-19 pandemic) were exceptional, according to the latest Commission quarterly reports on gas and electricity markets published today.

Lack of political will for renewables energy

Why Is There Still A Lack Of Political Will For Renewables?

Arek Sinanian | There appears to be a continuing struggle between economic rationalism and efforts to abate greenhouse gas emissions and, in particular, commitment to the 2015 Paris Climate Agreement. I have no doubt that such struggle and disjointedness in the introduction of renewables into the mix of the global energy supply is inevitable. After all, it’s another industrial revolution of sorts — one that is green in color instead of a black sooty one.

Obama in Greece

US Trade Policy Clouds Climate Prospects

Veena Trehan | Obama’s legacy will be scarred if he deviates from focusing on addressing climate change. In August 2015, US President Barack Obama made a memorable trip to the Arctic just months after approving Shell’s drilling off the coast of Alaska. At the time, he said: “Climate change is no longer some far-off problem; it is happening here, it is happening now.”

No Picture

Renewables in Europe triple US’ investment in shale gas

MADRID | The Corner | Head of Economics at the International Energy Agency remarked that “the investment in renewables in Europe has tripled the US’ investment in the entire shale gas production.” Prices are 20% below the right level to recover the cost of new investments due to the existence of overcapacity and subsidised prices in renewables.

energy prices

Industry wins in Germany’s energy transition

BERLIN | By Alberto Lozano | The German ambitious switch from nuclear and carbon-based energy toward renewables remains the biggest challenge for the first EU economy. The country’s industrial sector and consumers are worried about how much they will have to pay in terms of prices, competitiveness and jobs.