Trillion-dollar group urges government action to stop nature loss Open letter backed by 132 companies Countries set plans ahead of COP16 talks Backers include Danone, RWE, Teck Resources, Holcim By Simon Jessop and Jake Spring LONDON/SAO PAULO, July 16 (Reuters) - More than 100 companies, including Unilever ULVR.L , L'Occitane 0973.HK and Iberdrola IBE.MC , have called on governments to enact tougher policies to reach a U.N.

BUZZ-Europe's green energy stocks slide as Trump victory chances grow after shooting ** Shares in European renewable energy companies slide, with traders pointing to increased odds of former President Donald Trump winning a second term after the assassination attempt on Saturday ** Trump said in May he would halt offshore wind development if he was re-elected, according to a media report ** While offshore projects under construction are protected, a Trump victory could be highly negative for the

BRIEF-RWE Receives State Aid For Hydrogen Projects In Germany July 15 (Reuters) - RWE AG RWEG.DE : GERMAN AND STATE GOVERNMENTS GRANT FUNDING FOR LARGE HYDROGEN PROJECTS BY RWE ELECTROLYSER PLANT IN LINGEN AND HYDROGEN STORAGE FACILITY IN EPE TO BE FUNDED WITH A TOTAL OF 619 MILLION EUROS ROSTOCK ELECTROLYSIS PROJECT WITH RWE PARTICIPATION TO RECEI

UPDATE 2-European shares fall, led by luxury sector, utilities For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Burberry drops on CEO exit, profit warning ECB President Christine Lagarde to speak later in the day Ocado falls after brokerage downgrade STOXX 600 down 1% Updated at 1600 GMT By Shristi Achar A and Shashwat Chauhan July 15 (Reuters) - European shares drifted lower on Monday after dour updates from luxury companies weighed on t

UPDATE 2-Germany needs $325 bln of power grid investments by 2050, KfW says Bill for German power grids alone runs to $325 billion Banking sources are confident that money can be raised Germany competes with other centres for investment Adds comments from press conference By Christoph Steitz and Vera Eckert FRANKFURT, July 9 (Reuters) - Germany needs around 300 billion euros ($325 billion) by the middle of the century to equip its power grids for decarbonisation, state bank KfW KFW.UL said on Tu

RPT-UPDATE 2-Germany needs $325 bln of power grid investments by 2050, KfW says Repeats with no change to headline or text Bill for German power grids alone runs to $325 billion Banking sources are confident that money can be raised Germany competes with other centres for investment By Christoph Steitz and Vera Eckert FRANKFURT, July 9 (Reuters) - Germany needs around 300 billion euros ($325 billion) by the middle of the century to equip its power grids for decarbonisation, state bank KfW KFW.UL

Germany needs $325 bln of power grid investments by 2050, KfW says FRANKFURT, July 9 (Reuters) - Germany needs investments of around 300 billion euros ($325 billion) by the middle of the century to equip its power grids for decarbonisation, state bank KfW KfW.UL said on Tuesday. "The necessary expansion of renewable energies makes suitable and flexible transmission and distribution networks necessary and requires high investment," KfW said at a capital markets conference at its headquarters in F

British renewable industry pushes new govt to increase auction budget By Susanna Twidale LONDON, July 8 (Reuters) - Britain's renewables industry has called on the new Labour government to increase the country’s renewable auction budget by hundreds of millions of pounds to help meet its offshore wind target and wider goal to decarbonise the power grid.

UPDATE 1-Germany to seek bids for hydrogen-ready power plants by early 2025 Adds utility comment in paragraphs 6-8 By Riham Alkousaa and Christoph Steitz BERLIN/FRANKFURT, July 5 (Reuters) - Germany said on Friday it will launch the first tender for the construction and modernisation of 12.5 gigawatts (GW) of gas power plants that can switch to hydrogen by the end of 2024 or early next year, following industry pressure.

Germany to seek bids for 12.5 GW H2-ready power plants BERLIN, July 5 (Reuters) - Germany will launch the first tender for the construction and modernisation of 12.5 gigawatts (GW) of gas power plants that can switch to hydrogen by the end of 2024 or early next year, the economy ministry said on Friday. The planned tenders are part of efforts to supplement intermittent renewable energy and speed up the transition to low carbon generation and follow pressure from the industry.

FACTBOX-Germany builds up LNG import terminals Updating with ReGas' latest move at Lubmin and inauguration of Stade's landside reception terminal July 3 (Reuters) - Germany is looking to expand its natural gas import options to replace Russian supply and as part of its decarbonisation efforts. Below are details on terminals being developed to host floating storage regasification units (FSRUs) to receive liquefied natural gas (LNG).

BUZZ-GS downgrades Terna, Fortum, but sees demand growth for European power cos ** Goldman Sachs downgrades Italy's Terna TRN.MI and Finland's Fortum FORTUM.HE to "sell" from "neutral" on limited share upside and weaker profit and investment outlooks for the two power utilities ** By 0720 GMT, Terna shares are down 1.5% while Fortum drops 2.1% ** G

BRIEF-RWE Receives Approvals For Wind Farm Off German North Sea Coast June 25 (Reuters) - RWE AG RWEG.DE : RWE AG - RWE RECEIVES APPROVALS FOR WIND FARM OFF GERMAN NORTH SEA COAST RWE AG - CONSTRUCTION OF NORDSEECLUSTER A WITH A CAPACITY OF 660 MEGAWATTS DUE TO START IN 2025 WITH FULL COMMISSIONING PLANNED FOR EARLY 2027 RWE AG - NORDSEECLUSTER EXP

German coal power phase-out likely before 2038 due to economics, says climate envoy By Susanna Twidale LONDON, June 24 (Reuters) - Germany is likely to phase out its coal-fired power stations before the legally mandated date of 2038 due to worsening economics for coal plants, the country's climate envoy said on Monday. Germany reached a 2.6 billion euro ($2.8 billion) deal with energy firm RWE RWEG.DE in the western state of North Rhine-Westphalia in 2022 for the company to close its coal plants

UPDATE 3-TotalEnergies, EnBW win in $3.2 billion offshore wind site auction TotalEnergies wins for 1.96 bln eur, EnBW for 1.07 bln Average strike price down a third from 2023's auction RWE leaves consortium with TotalEnergies as bid not economical Adds auction detail in paragraph 7, context in paragraph 11, comment in paragraphs 12, 13 By Christoph Steitz FRANKFURT, June 21 (Reuters) - Oil major TotalEnergies TTEF.PA and utility EnBW EBKG.DE won a 2.5 gigawatt (GW) German offshore wind site auct

FACTBOX-Gazprom fights 17 bln euros of legal claims from European companies MOSCOW, June 19 (Reuters) - Russian energy giant Gazprom GAZP.MM is fighting numerous legal cases, with combined claims of at least 17 billion euros ($18.44 billion) from European companies, according to Reuters calculations. Gazprom has launched counter proceedings at Russia's St Petersburg and Leningrad Region Arbitration Court, threatening the European counterparties with fines if they continue litigation outside Russ

CORRECTED-FACTBOX-Gazprom's legal battles with European companies Corrects date reference in paragraphs 5,7 This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, June 12 (Reuters) - Russian energy giant Gazprom GAZP.MM faces numerous legal battles with European buyers and transmitters of Russian gas, as a result of the political fallout following the Kremlin's decision to send its troops into Ukraine in 2022. Gazprom has launched

EXPLAINER-How do European Union institutions function? June 7 (Reuters) - Citizens across the European Union are currently voting in the European Parliament elections to choose direct representatives for the supranational legislative body. The European Parliament is one of the EU's three main political institutions, along with the European Council, which represents national governments of the 27 member states, and the European Commission, the bloc's Brussels-based executive arm.

UPDATE 1-Germany gets informal EU go-ahead to support gas-fired power, sources say Adds details on agreement, background from paragraph 5 By Markus Wacket BERLIN, June 7 (Reuters) - Germany won the European Union's informal approval to pay billions of euros to gas powered plants to be able to stabilise the grid when unsteady renewable energy supplies fall short, people familiar with the negotiations told Reuters on Friday.

Germany gets informal EU's go-ahead to support gas-fired power, sources say By Markus Wacket BERLIN, June 7 (Reuters) - Germany won the European Union's (EU) informal nod to pay billions of euros to gas powered plants to be able to stabilise the grid when unsteady renewable energy supplies fall short, people familiar with the negotiations told Reuters on Friday.