Energy Community, EBRD publish policy guidelines on financing mechanisms for energy efficiency
The Energy Community Secretariat and the European Bank for Reconstruction and Development (EBRD) have prepared policy guidelines to help contracting parties to design and establish effective centralized financing mechanisms to boost energy efficiency investments. According to the recently published Energy Transition Tracker, the energy-saving measures could lead to additional investments worth EUR 2.5 billion in […]
TENDERING: Energy Community preparing study on hydrogen potential
The Energy Community Secretariat is seeking consultants to conduct a study on the potential of hydrogen technologies and their utilization. The document should provide the state of play of hydrogen technologies, the announcement adds. The study should identify the potential for hydrogen utilization in the contracting parties and provide recommendations on how it could be […]
Western Balkans could attract EUR 2.5 billion in investments to boost energy efficiency
The Western Balkan countries are slow in using their potential in energy efficiency improvement, despite the fact that energy-saving measures could lead to additional investments worth EUR 2.5 billion and lower energy consumption in buildings by 40%, according to the Energy Transition Tracker. The slow pace translates to energy productivity in the range of 20% […]
Norway sets aside EUR 2.1 billion to develop carbon capture, storage
Equinor is working with Shell and Total on transferring liquefied CO2 through a pipeline to below the seabed so that it isn’t released into the atmosphere. Norway approved EUR 2.1 billion in state aid for the carbon capture and storage (CCS) project for a cement factory and a waste incinerator. Regulators have agreed with the […]
Renewables share in WB6 is still only at around 6% of installed electricity generation capacity
Western Balkans contracting parties failed to utilize the decline in the price of renewable energy technologies and increase the use of green energy, but auctions held in Albania, Montenegro, and North Macedonia are sending some encouraging signals, according to the Energy Transition Tracker. The missed opportunity could be illustrated by the fact that the cost […]
EU cuts Just Transition Fund to EUR 10 billion in COVID-19 recovery deal
The European Council reached an agreement on the seven-year budget through 2027 including a mechanism for the recovery from the effects of the coronavirus pandemic worth EUR 750 billion. The EU heads of state and government gave the green light for EUR 10 billion for the Just Transition Fund from the COVID-19 war chest, slashing […]
Ten units of Western Balkan thermal power plants must be shut down by 2023
Ten units of coal-fired power plants in total will be shut down by the end of 2023 in BiH, Montenegro and Serbia, according to the Energy Transition Tracker
Albania selects shareholders of company for setting up power exchange
Albania has selected the shareholders of a company which will operate the Albanian power exchange (APEX). The firm will start operation in Q1 2021, according to the Energy Transition Tracker. The Energy Community Secretariat has launched a tracker to monitor the energy transition process in the Western Balkans. The first edition of the tracker brings […]