Energy market
MEPs want to boost energy storage in the EU to help spur #Decarbonization
As energy from renewable sources is increasingly part of the European energy mix, MEPs propose ways to step up storage solutions such as hydrogen or home batteries. In a report adopted this week, MEPs in the Industry, Research and Energy Committee outline their strategy for energy storage, which plays a crucial role in reaching the […]
Investment Plan supports #CleanEnergyProjects in Spain and Austria
The European Investment Bank (EIB) is providing finance to two clean energy projects: a solar energy plant in Spain and two wind farms in Austria. Both financing deals are backed by the European Fund for Strategic Investments. The first is a €43.5 million agreement to build and operate the 200 MWp Cabrera photovoltaic solar plant, the largest plant […]
Europe’s time: How not to waste it?
It is a historic moment for Europe. That is how the European Commission entitled the list of proposed measures to restore the economy of the European Union estimated at a record amount of 750 billion euros, with 500 billion being allocated free of charge as grants and another 250 billion – as loans. The EU […]
Romania: The driver of the European energy transit
The European Commission has presented a €750 billion plan to create a “green recovery” fund for the EU countries, with up a quarter of the fund to be used to achieve climate neutrality in the energy sector as part of the “green deal”. The authors of the project believe that environmental sustainability should become a […]
Commission approves support for electricity production in Spanish non-peninsular territories
The European Commission has approved, under EU state aid rules, the support granted by Spain to electricity generators for supplying electricity in the Spanish non-peninsular territories as a Service of General Economic Interest (SGEI). These territories include the Canary Islands, the Balearic Islands, Ceuta and Melilla. The main objective of the scheme is to guarantee […]
#EDF seeks building consent for Britain’s #SizewellC nuclear plant
French utility EDF has submitted an application to Britain’s regulators to build the £17-18 billion Sizewell C nuclear plant in the east of England, it said on Wednesday (27 May), writes Susanna Twidale. The application, known as a development consent order, made to the UK’s Planning Inspectorate was expected in March but was delayed due […]
Commission approves €550 million Danish scheme to support electricity production from biomass installations
The European Commission has approved a DKK 4,150 million (approximately €550m) state aid scheme to support the production of electricity in existing and depreciated biomass installations in Denmark. The installations benefitting from the scheme will receive support in the form of a premium covering the additional operating costs of producing electricity from biomass compared to […]
