Renewables and the market: intermittent energy source balancing is not that hard to grasp
The COVID-19 pandemic has rocked electricity markets across Europe, including Serbia. “Prices on SEEPEX in May dropped by about 40% against the three-year average. This trend will continue for some time, while forecasts beyond that period will depend on how fast consumption returns to pre-pandemic levels,” according to Dejan Stojčevski, Chief Operating Officer of the […]
Hungary, Serbia set to double power interconnection capacity
Hungary and Serbia plan to double their cross-border power interconnection capacity and exchange, according to Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó. Increasing the interconnection capacity will enable electricity balancing between the two countries, Serbian Mining and Energy Minister Aleksandar Antić said following a meeting with Szijjártó in Budapest. Hungary has a strong […]
Environmental fund to resume grant programs put on hold by COVID-19
Croatia’s Environmental Protection and Energy Efficiency Fund is resuming grant programs for individuals and businesses following a hiatus caused by the COVID-19 pandemic. Announcing the resumption of regular activities in June, Siniša Kukić, the fund’s director, said that over EUR 79.3 million is expected to be approved under the grant programs by the end of […]
EPCG may opt to take on a partner for HPP Komarnica project
Montenegrin state-owned electricity producer Elektroprivreda Crne Gore (EPCG) has the right to decide whether to build the planned 170 MW hydropower plant (HPP) Komarnica on its own or in cooperation with a partner, according to Economy Minister Dragica Sekulić. It is only natural that the Komarnica project be carried out by EPCG, but it is […]
IRENA: Renewables increasingly cheaper than coal competitors on cost
IRENA found 56% of renewable capacity added last year achieved lower electricity costs than new coal power plants. Furthermore, by the end of 2021 it would be cheaper to build new photovoltaic facilities than to keep running active coal power plants of as much as 1.2 TW, more than half of the world total. New […]
Italy enables homeowners to install PV systems for free
The Italian government has raised the so-called eco-bonus for photovoltaic (PV) installations and storage systems from 50% to 110%, effectively enabling homeowners to install PV systems at no cost. The higher subsidies are part of measures to bolster the country’s economy amid the COVID-19 crisis. Under the new provisions, the eco-bonus will be applied to […]
EU 2030 Biodiversity Strategy – Bringing nature back into our lives
Author: Boris Erg, Director of the IUCN Regional Office for Eastern Europe and Central Asia The European Commission has adopted a new EU 2030 Biodiversity Strategy this May, framing it as a “comprehensive, ambitious, long-term plan for protecting nature and reversing the degradation of ecosystems.” Undoubtedly, it comes very timely. The landmark Global Assessment on Biodiversity and […]
Most read in May: Corporate power purchase agreements, Vienna the greenest city, tallest wooden wind power tower in Europe
Our readers’ favorites last month were stories on the future of the energy markets, resident-centered urban planning and a solution that could change the wind power sector. The piece on corporate power purchase agreements, authored by top lawyers from CMS, was the most read this time. 1 – One alternative to state subsidy schemes is […]
