Spain gets Europe’s lowest wind energy price with CfD auction model
Spain has secured lowest ever price for new wind energy in Europe, of EUR 20 per MWh, thanks to the Contract-for-Difference (CfD) model.
Wind industry awaiting new law to unlock 2,000 MW of projects
Draft law on renewable energy will be discussed by the wind industry and financial institutions at a round table on February 5.
Renewables overtake fossil fuels in EU power generation for first time ever
For the first time ever, the EU has produced more electricity in a year from renewable energy sources than from fossil fuels.
IEA: Solar PV is to become “king” of power supply in decade ahead
Solar PV appears set for massive expansion, with a projected average growth rate at 13% a year from 2020 to 2030, meeting almost a third of electricity demand growth over the coming decade and becoming the new “king” of power markets, according to the International Energy Agency’s (IEA) World Energy Outlook (WEO) 2020 report. “I […]
Future belongs to those who know how to conserve energy
One thing is certain: the years of inefficient energy use are behind us, and the future belongs to those who approach energy generation, transmission, and consumption with much more prudence, Borko Torbica, vice president of Elnos Group, says in an interview with Balkan Green Energy News. Torbica explained how Elnos Group, an electricity company from […]
Turkey set to boost renewables capacity to 63 GW by 2024, rank 5th in Europe
Turkey is expected to become the 5th biggest renewable energy country in Europe by 2024, and the 11th in the world, with a projected 50% increase in installed renewables capacity, driven mainly by new solar power installations. Turkey is expected to add nearly 21 GW to its overall renewable energy capacity between 2019 and 2024, […]
Croatia’s proposed energy strategy envisages raising renewables’ share to 36.4% by 2030
The Croatian government has sent to parliament a proposal of the country’s energy sector development strategy until 2030, with projections until 2050, which envisages increasing renewables’ share in gross final energy consumption to 36.4% by 2030. Presenting the proposal of the strategy, Minister of Environmental Protection and Energy Tomislav Ćorić said that renewables’ share is […]
Ukraine launches renewable auction system
Authors: Maria Orlyk, Partner and Sergiy Datsiv, Associate, CMS Reich-Rohrwig Hainz,Kyiv Starting 1 January 2020, Ukraine launches a new state support mechanism for renewables. Power generating facilities seeking state support must take part in e-auctions and compete for the right to sell power to Ukraine at the lowest possible price. Introduction In the first half […]