Norway intends to hold licensing rounds for new acreage at regular intervals from 2025 onwards.

Russia supplied about 40% of the European Union’s gas demand last year, and about a third of that transited Ukraine, making it a linchpin in the continent’s energy security.

The EU wants to combine faster deployment of renewables, greater energy savings, diversification of supplies from international partners and new tools to accelerate investment in a bid to replace coal, oil and natural gas from Russia following the country’s invasion of Ukraine.

The bloc should have at least 1,000 gigawatts of photovoltaics installed in the region by 2030 -- equivalent to roughly the world’s current capacity -- according to a joint letter signed by Austria, Belgium, Lithuania, Luxembourg and Spain to the bloc’s climate chief Frans Timmermans and Energy Commissioner Kadri Simson.

There have been ongoing talks on the Russian Oil ban by the EU with more developments as the week progresses.

Seven years after the adoption of the Paris Agreement and the joint launch of the International Solar Alliance, India and France’s commitment to tackle climate change is stronger than ever, both on mitigation and adaptation.

The Norwegian company Deep Wind Offshore has initiated a consultation on a 6 GW floating offshore wind project in the Swedish Baltic Sea comprising 240 x 25 MW or 300 x 20 MW turbines.

The Portuguese energy group Galp has reached an agreement with SER Energia and Casa dos Ventos to acquire upon maturity up to 4.8 GW of solar and wind projects spread through nine Brazilian states.

19 GW of new wind projects were financed in the European Union, well below the required rate of 32 GW/year to meet the current 40% renewable energy targets by 2030.

Fennovoima's decision to end the contract is "justified and consistent", Finland's Ministry of Economic Affairs and Employment said.

Speaking about the suitability of Thorium MSRs as an energy source for maritime applications, Jan Emblemsvåg, Professor at the Norwegian University of Science and Technology noted: “MSRs have enormous potential for enabling clean shipping.

In 2021, GHG emissions from the power sector rose by more than 8.3%, as the economic recovery fuelled the electricity demand - it returned to its 2019 level - and as the surge in European gas prices incited power generation groups to shift from gas to coal.

To win the tender for Site VI the bidding parties have to include ecological measures in their concept, whereas Site VII requires investments and innovations which are beneficial for the Dutch Energy System.

Gas distributors in Germany, Austria, Hungary and Slovakia are planning to open rouble accounts at Gazprombank in Switzerland in order to satisfy a Russian requirement for payments in its own currency

"To pay in rubles -- if this is not foreseen in the contract -- is a breach of our sanctions. We have about 97% of all contracts that explicitly stipulate payments in euros or dollars," she said.