Timmermans: energy price hikes should speed up green transition, not slow it down
Only about a fifth of the energy price increase can be attributed to the rising costs of CO2 emissions, while the rest is simply due to a market shortage, says the European Commission’s vice president in charge of climate issues.
CO2 tops EUR 60 for first time
Carbon permits reached almost EUR 61 per ton in the EU as power producers are struggling to obtain gas from Russia and wind has weakened
Rama: Albania to be at forefront of Balkans in solar energy
Prime Minister of Albania Edi Rama said Voltalia's two big photovoltaic plants would take his country to the forefront of the Balkans in solar power
Montenegro mulls gas-fired power plant to replace TPP Pljevlja
Montenegro is considering options to replace the Pljevlja thermal power plant when it ceases to generate electricity.
Prices on power exchanges soar 60% against pre-pandemic levels
Electricity markets in the region have seen daily prices of up to EUR 120 per MWh in recent days, an increase of about EUR 30 against the same period in 2019.
Greece’s biggest power consumer AoG to switch entirely to green energy from 2030
Aluminum of Greece (AoG), the country’s biggest electricity consumer, plans to switch entirely to green energy from 2030, as it signs its last electricity supply deal with Public Power Corporation.
Two Bulgarian coal power plants to be converted to natural gas, hydrogen
The Varna TPP has signed a contract to install two gas-fired units while the Bobov Dol TPP plans a conversion to gas and hydrogen.
North Macedonia plans investments in energy of EUR 3.1 billion by 2027
Prime Minister Zaev said investments in energy of EUR 3.1 billion are expected by 2027, of which the overwhelming majority is for renewables
