Tag: energy
#StateAid – Commission opens in-depth investigation into #Lithuania electricity strategic reserve measure
The European Commission has opened an in-depth investigation to assess whether Lithuanian support to energy company AB Lietuvos Energija in the context of a strategic reserve measure may have unduly favoured the company and distorted competition in the Single Market, in breach of EU state aid rules. The Commission’s investigation concerns an electricity strategic reserve measure, which […]
#ESG – Towards growth through sustainable development
The current volatile business market environment is increasingly characterised by valuations driven by sentiment. Investor attention and interest around the topic of Environment, Society and Governance (ESG). While solid company fundamentals remain the core of the story, it is critical for a company to shape a positive public and investor perception. The largest global investors already […]
#EnergyCharterTreaty – Commission asks for mandate to negotiate modernization of investment provisions
The Commission has adopted a draft mandate to engage on behalf of the European Union in the negotiations to modernize the Energy Charter Treaty (ECT), a plurilateral trade and investment agreement applicable to the energy sector to which the EU is part. These negotiations aim to revise the provisions of the Treaty in a way […]
New #EuropeanEnergyMarket – Paths towards compromise
The European Parliament approved the legislative package aimed at providing the EU citizens with an access to clean energy (Clean Energy for All) and shaping the energy sector development in EU states towards further increase in share of renewables and cross-border ties strengthening, writes Colin Stevens. “The approval of the new electricity market design brings […]
Mergers: Commission clears acquisition of #FormosaI by #Macquarie, #Ørsted, #Swancor and #JERAPower
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Formosa I International Investment Co., Ltd. (“Formosa I”) of Taiwan by Macquarie Corporate Holdings Pty Limited (“Macquarie”) of Australia, Ørsted InvestCo Ltd. (“Ørsted”) of Denmark, Swancor Ind. Co. Ltd. (“Swancor”) of Taiwan and JERA Power International B.V. (“JERA”) […]
#EnergyUnion – EU invests further €800 million in priority energy infrastructure
Member states have voted on a Commission proposal to invest almost €800 million in key European energy infrastructure projects with major cross-border benefits. The EU funding comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure. Priority is given to projects that increase competitiveness, enhance the EU’s security of energy supply through the […]
Report on #EUEgyptRelations – Investing in socio-economic development and inclusive growth
The EU and Egypt undertook closer cooperation in many areas, notably on socio-economic development, scientific research, energy, migration, countering terrorism and regional issues. The report on the partnership between the EU and Egypt for the period from June 2017 to May 2018 was issued today and highlights key developments in EU-Egypt cooperation with a particular […]