Southeastern Europe may get EUR 10 billion as EU boosts Just Transition Fund plan
The European Commission has proposed to increase the funds intended for the energy transition of coal regions from EUR 7.5 billion to EUR 40 billion. The initial proposal for the economic recovery of the 27-country bloc has been amended to add massive stimulus. The move is part of the newest effort of the Commission, called […]
Energy Progress Report: SDG7 is not to be reached by 2030
Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, Tracking SDG 7: The Energy Progress Report reveals. It was released today by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), […]
Enel scraps Romania asset sale plan, insiders tell local media
Anonymous people familiar with the matter revealed Enel is counting on Romania as a strategic market and that the management wouldn’t negotiate about stakes in its businesses in the country. Romania’s state-owned utility Hidroelectrica, which has an ambitious long-term diversification plan, may have to expand without Enel’s assets. The largest foreign investor in the country’s […]
NGOs file lawsuits against small hydropower plants on Neretva, Neretvica rivers
Non-governmental organizations have filed or drafted lawsuits against the competent ministries in the Federation of BiH and the Republic of Srpska, the entities comprising Bosnia and Herzegovina (BiH), for non-compliance with law in the procedure of approving the construction of five small hydropower plants (SHPPs). BiH also made news a few weeks ago when, despite […]
GEN-I reports record net profit of EUR 15.3 million in 2019
GEN-I Group has reported a record net profit of EUR 15.3 million for 2019. Its electricity sales also reached an all time high – 83.4 TWh. Net profit increased by 18.4% on an annual basis while the value of power it sold increased by 6.7%, the energy firm’s annual report 2019 reads. The company has […]
Albania changes law to continue restructuring of OSHEE, OST
The Parliament of Albania has adopted changes to the law on the electricity sector to continue restructuring state-owned companies – transmission system operator (TSO) OST, and power supplier and distribution system operator (DSO) OSHEE. According to Albania’s minister of infrastructure and energy Belinda Balluku, the vote was another step in changing legislation to match EU […]
Turkey to schedule 1 GW solar tender for third quarter
Turkey plans to complete the tendering procedure for 1 GW in solar power in the next quarter, Turkey’s Minister of Energy and Natural Resources Fatih Dönmez said during the online Turkey Energy Summit. The tendering procedure was first planned for January 2019, but it was later pushed back to April of this year, and then […]
Households in UK are earning money by consuming green electricity
The rise in the share of renewables in the system requires more flexibility to keep the grid in balance. This spring the energy system in the UK was occasionally challenged by the fall in consumption due to COVID-19 and increased production in solar and wind power plants. In order to help overcome the issue, supply […]