Energy ministry to consider easing imports of new, electric vehicles
Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina Mirko Šarović has met with representatives of the Federation of BiH (FBiH) Chamber of Commerce to discuss an initiative to reduce taxation and improve the regulatory framework for imports of new and electric vehicles (EVs). Having in mind BiH’s obligations under European energy and […]
EuroAsia Interconnector secures land permit for HVDC converter station
The Republic of Cyprus has issued a notice for the expropriation of land for the HVDC converter station of the EuroAsia Interconnector. The 2,000 MW and 1,518km subsea cable, which will connect the electricity grids of Cyprus, Israel, Crete and Attica in Greece, has been declared a European Union Project of Common Interest (PCI). According […]
EU agrees on new energy efficiency target for 2030
The European Union has reached a deal on a new 32.5% energy efficiency target for 2030 and new rules for the Energy Union project to help member states deliver on energy and climate goals. The new target, agreed by the European Parliament (EP) and Council negotiators, is to be reviewed by 2023 to take into […]
Croatian, European day-ahead markets linked
Croatian Power Exchange (CROPEX) and Croatian transmission system operator (HOPS) together with Slovenian power exchange and transmission system operator completed the EU MRC day-ahead market (DAM) coupling project on the Croatian-Slovenian border. According to CROPEX’ press release, for the market coupling session, transmission system operators (TSOs) agreed on an implicit allocation of the daily capacity. […]
EEX, BSP Southpool to launch Slovenian power futures
The European Energy Exchange (EEX) will list Slovenian cash-settled, Euro-denominated futures contracts on its pan-European power derivatives platform, the Slovenian Energy Exchange (BSP Southpool) said in a statement, adding that the new power futures will be settled against the SIPX spot market index as calculated by BSP Southpool. The launch of the new contracts is […]
Energy minister announces new draft law on renewables
Minister of Environmental Protection and Energy Tomislav Ćorić has announced a new draft law on renewable energy sources in order to simplify the procedure for such projects. The current Croatian law on renewables and high-efficiency cogeneration was adopted in September 2015. According to the Croatian media, the minister announced that the new draft law would […]
Energy Community finds distortions of state aid rules regarding Kosova e Re power plant
The Energy Community Secretariat believes that several elements of the power purchase agreement signed between the Kosovo* Government and the US-based ContourGlobal for 500 MW Kosova e Re power plant constitutes state aid. In the meantime, Reuters reported that the World bank has not confirmed it will back the project as it announced earlier. According […]
EU reaches agreement on binding 32% target for renewables
A binding EU target of 32% of final energy consumption from renewables by 2030 with an upwards revision clause by 2023 was reached between negotiators from the Parliament, Commission, and Council. New targets and rules were also agreed for self-consumption, biofuels, and the heating and cooling sector. The European Commission had proposed a target of […]