Italian finance ministry will spend around 3.5 billion euros $4.1 billion to protect consumers from a surge in energy prices that has affected countries across Europe, according to people familiar with the matter.
Oct 15 Reuters Vineyard Wind, which was on track to become the first major U.S. offshore wind farm, closed on a $2.3 billion loan and will begin construction in Massachusetts later this year, its owners said on Wednesday.
Bloomberg - Natural gas prices in Europe continued their record-breaking run as uncertainties about supply security in winter worsened. This also a new high was witnessed amid low wind and a disruption of power assets in Britain s interconnectors.
Reuters - Byton's electric vehicle project with FCC has been put on hold due to the Chinese startup's worsening financial situation, the Nikkei newspaper reported on Wednesday morning, the Nikolkei. com 2 YOxvxg, citing unidentified sources with knowledge of the matter.
Sept 13 Reuters: The Illinois Senate on Monday saved two Exelon Corp nuclear power plants from closure by passing a bill that will provide $700 million in subsidies to the company over five years for generating virtually carbon-free electricity.