The EU is trying to de-link gas prices from that of electricity and rethink the use of the Netherlands’ Title Transfer Facility price, which is based on pipeline supplies, as the continental benchmark for gas. Other European indexes such as Iberia’s Mibgas, which doesn’t take into account import prices, have experienced a lesser impact.

Britain’s wind farms produced a record amount of electricity, cutting demand for natural gas just as the temperatures start to drop. The UK’s fleet of wind farms generated more than 20 GW on Wednesday, according to National Grid Plc. In the coming years, the UK government aims to expand its offshore wind capacity to as much as 50 GW by 2030.

Both developers are asking state regulators to pause review of the contracts. Increases in interest rates, supply chain constraints and inflation have significantly increased the expected cost of constructing the project. They suggest tax incentives and an increase of prices under the power purchase agreements to make the projects viable again.

Poland has chosen Westinghouse to build its first nuclear power plant. Poland is planning to spend $40 billion to build two nuclear power plants with three reactors each, the first one to be launched in 2033 and the second one in 2043. Nuclear power plants will replace the ageing coal-fired plants in a country with some of the worst air pollution in Europe.

Italy withdrew in 2016. The Energy Charter Treaty (ECT) protects energy investments by foreign companies. Three energy groups are suing three European governments over the closure of coal power plants. Spain is sued by renewable energy companies after it reduced the subsidies. A process to “modernise” the pact has been under way since 2018.

Just replacing the H2 made from natural gas and coal with green H2 would require 143% of all the wind and solar installed globally to date. Add shipping, steel and energy storage, and it would require five times all the existing wind and solar installations – and that is before decarbonising the electricity supply or hydrogen use in heating and road transport.

Wind turbine manufacturers cut jobs as supply chain woes and higher prices for key materials bite. Turbine prices are locked in by customers years in advance. It is difficult for manufacturers to pass on higher costs. They are at risk of losing market share to Chinese competitors. New capacity added this year globally will be 94-95 GW the same as 2021.

Expand too slowly and manufacturers risk losing out on gigascale orders; expand too fast and risk failing to sell equipment from expensive gigafactories. A glut will make some manufacturers bankrupt, according to Norwegian analyst Rystad Energy. The demand will hover around 30-40% of the available production capacity between 2024 and 2030.

UK day-ahead power prices tripled to record levels as tight generation margins combined with soaring power import, natural gas and carbon prices. The UK's coal phase-out and low wind generation have exposed the market to rising gas prices. Adding to the strain of coal closures has been the UK's ageing and inefficient nuclear power plants.

Former Naftogaz chair Andriy Kobolev says that if Russia cuts off gas supply to Europe this winter, it will be the end of Gazprom’s presence in European markets. Russia wants to remain Europe’s primary gas supplier. It is now burning gas, because it cannot reduce output. Shutting down a shaft means a 50% lower output when extraction resumes.

Uranium reserves of 7.6 million tons are on a course to reach exhaustion within a century. The Indian institute IISER was successful in extracting uranium from seawater, which contains 1,000-times more uranium than conventional sources. The challenge was to capture it cost-effectively. They managed to capture 95% of uranium within two hours.

Company says it is reducing production for few hours where possible as ability to cool plants with river water is restricted. However, half of EDF’s 56 nuclear reactors are offline due to planned maintenance and work to repair corrosion which was delayed by the pandemic. France is relying on expensive imports from the neighbouring countries.