Resavica coal mines never break even despite massive subsidies
Underground coal mining utility PEU Resavica receives EUR 40 million state aid every year, but it regularly ends reporting a loss.
EnC Energy Transition Tracker: 61% of power output in WB6 still comes from fossil fuels
The Energy Transition Tracker points to slow energy transition momentum and the decarbonization challenge in electricity production and transportation.
Germany plans to abolish renewables surcharge paid by power consumers
Within five years, the item in electricity bills for stimulating green power in Germany could be scrapped. An average family now pays EUR 413 per year
Slovenia’s Petrol earmarks 35% of investments through 2025 for energy transition
In a diversification push, Petrol will direct over one third of its capital expenditure in the next five years toward the energy transition
Elon Musk offers USD 100 million prize for best carbon capture technology
Elon Musk, founder and CEO of electric car maker Tesla Motors, has said he will donate USD 100 million as a prize for the best carbon capture technology. Musk, who also owns aerospace company SpaceX, pledged the money in a tweet, adding later that he would reveal more details next week. Carbon capture is seen […]
Distribution grids need EUR 375-425 billion through 2030 to be fit for transformed power system
Investments must be raised by 50-70% in the 2020s, according to the landmark study conducted by industry bodies Eurelectric and E.DSO.
IPTO to invest EUR 4.1 billion in new interconnections, renewables integration, batteries
Greece’s independent transmission system operator, IPTO, plans to invest EUR 4.1 billion over the next 10 years to build new interconnections with Bulgaria, Italy, Albania, and North Macedonia, as well as to increase capacities for the integration of renewables and install batteries for electricity storage. The possible new interconnections include a subsea cable between Greece […]
Slovenia earmarks EUR 660 million for liquidity in firms, green transition
Slovenia is helping the recovery from the pandemic with EUR 660 million including grants, with a focus on SMEs, liquidity and the green transition
