Updated on 03/09/2022 03:00 pm The rebound in the price of electricity and fuel due to Russia’s invasion of Ukraine has caused the Spanish industrial sector to begin resorting to production shutdowns. When two weeks have passed since the beginning of the Russian invasion, the price of electricity reaches almost 473 euros (about US$524) per […]
Tag: energy
Energy, investments and exports, the damage of the sanctions in Germany
The intense economic relations between Germany and Russia already make it possible to foresee a strong impact of the sanctions on the main European power, especially in the energy field, although they also endanger business investments and exports. Russia represents 2.3% of German foreign trade and according to the Federal Statistical Office (Destatis) in 2021 […]
Crisis in Ukraine would worsen energy and food inflation
The tension around Ukraine is intensifying. The prospect of sanctions on Russia threatens to further increase the prices of key commodities for the world economy. The United States and its allies have warned that Vladimir Putin could invade Ukraine, something Moscow has repeatedly denied. Markets have been on edge for weeks, and an actual conflict, […]
Solar Energy in Peru would generate an investment of more than US $ 1.4 million
The development of solar energy projects in Peru would generate an investment of US $ 1,470 until 2030. The industry would also produce 7,350 direct jobs, according to Paloma Sarria, executive director of the Peruvian Renewable Energy Association. “Peru has world-class energy resources: solar and geothermal in the south, wind power in the center and […]
The cold has arrived and Europe does not have enough energy
Europe it is about to have its first cold snap of the winter season, putting the continent’s already scarce energy supplies under pressure. Temperatures are expected to drop starting next week, and parts of Italy are forecast to be as much as 2 ° C below normal. Southern France, Spain and Germany are also forecast […]
Putin holds Europe responsible for the gas crisis but holds out his hand
The President of Russia, Vladimir Putin, blamed Europe for the gas crisis for its unpredictability when it comes to accumulating reserves, but extended his hand by stating that his country is willing to increase shipments to the Old Continent if it receives the corresponding request. “We are prepared to address any additional steps,” said the […]
EU launches proposals to cushion the impact of rising energy prices
The European Union (EU) presented this Wednesday a package of “tools” to cushion the social impact of the rise in energy prices, which have shot up to levels that threaten the post-pandemic economic recovery. The set of proposals launched by the European Commission to the countries of the bloc aims to confront a situation in […]