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In brief | 27 May '26

Bloomberg: European power prices turn negative as heat wave breaks records First major heat wave of the season broke temperature records across northwest Europe, triggered water shortages in the UK and sent power prices into negative territory.Renewables Now: Germany gets EU approval to buy 25.1 percent stake in TenneT's local unitEuropean Commission approves €3.3 billion deal that will see the German government buy a 25.1 percent stake in the local business of Dutch grid operator.CBC: Landmark LNG deal between Canada and Germany to be announced: sources According to sources, the deal — a first between Canada and Europe — is for one million metric tonnes of LNG per year.dpa: Climate activists sue Swedish state over right to protestClimate activists from Sweden, Norway and Germany file a class action lawsuit arguing crackdown on climate protests violates freedom of expression and the right to protest.Reuters: Macron says thousands of companies involved in French electrification plan The country aims to double the share of domestically produced electricity in its energy mix to 60 percent by 2030 to reduce dependence on imported fossil fuels.Bloomberg: Europe car sales rise for third straight month on EV strength Sales expanded in major markets including Germany and the UK, with EV deliveries jumping 38 percent.Bloomberg: China EV exports worldwide rise 40 percent in April vs a year agoExports to Germany almost triple to 32,000 electric cars since start of the year.

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