Lower-income EU nations obtain EUR 2.4 bn to pursue green transition
The European Commission (EC) revealed on Thursday that the Modernisation Fund has paid out EUR 2.4 billion (USD 2.56 bn) to 31 projects in seven EU countries, consisting of for renewable electricity generation and grid modernisation.
Jun 9, 2023 // Markets & Finance News, european commission, EC
EC okays TotalEnergies' buyout of Total Eren
The European Commission (EC) has actually given the go-ahead to French oil as well as gas giant TotalEnergies SE's plan to obtain the remaining 70% stake in domestic renewables-focused independent power producer (IPP) Total Eren.
Apr 20, 2023 // Markets & Finance News, european commission, TotalEnergies
Finland, Luxembourg Commit For EU's Renewable resource Financing Mechanism
Luxembourg will participate as an adding nation, voluntarily contributing EUR 40 million to the mechanism. Finland will certainly get involved as a host country, allowing solar PV projects situated in its region with a total capacity of up to 400 MW to participate in the renewable resource tender.
Feb 28, 2023 // Markets & Finance News, Europe, Luxembourg, Finland, european commission, European Green Deal, REPowerEU, CINEA, EU renewable energy financing mechanism, EU renewable energy tender, EUR 40 million, European Climate Infrastructure and Environment Executive Agency
Romania Gets EUR259 Million EU Help for Solar Panels & Battery Production
The European Commission has actually accepted a EUR 259 million Romanian scheme to support financial investments in the production, assembly as well as recycling of batteries, of photovoltaic cells as well as of panels in Romania The aid aims at green change of Romania and the EU.
Feb 17, 2023 // Manufacturing News, Markets & Finance News, Solar Panels, Europe, european commission, Romania, photovoltaic cells, green transition of EU, green transition of Romania, Recovery and Resilience Facility, RRF, skilled workforce
Romania's plan to provide EUR 259m in state aid for PV and batteries cleared by EC
European Commission approves Romania's state aid of EUR 259m for batteries, solar photovoltaic (PV) cells and panels, partially financed through Recovery and Resilience Facility (RRF).
Feb 16, 2023 // Markets & Finance News, Storage, Europe, european commission, Romania
Ukraine and EU Launch Solar Energy Program for Households and Communities
Ukraine and the European Commission have opened joint consultations to launch a large-scale program of solar energy production by households and communities with the EU. Prime Minister Denys Shmyhal emphasized the importance of the EU's readiness to support Ukraine's efforts to implement the Peace Formula.
Feb 3, 2023 // Markets & Finance News, Ukraine, Europe, european commission
EU introduces industry-wide solar PV production alliance
The European Commission (EC) on Friday formally released the block's Solar Photovoltaic Industry Alliance, seeking to scale up residential photovoltaic (PV) production and also reduced supply risks by commercialising "Made in Europe" products.
Dec 12, 2022 // Manufacturing News, european commission, EC
Seraphim to supply 1GW of PV modules to Resolar for EU solar projects
Solar module manufacturer Seraphim Energy Group has actually agreed to supply 1GW of PV modules to European energy company Resolar for its EU operations.
Jul 22, 2022 // Markets & Finance News, modules, european energy, European Union, seraphim, european commission, seraphim solar, module supply deals, REPowerEU, resolar
Europe to rollout nearly 40GW of solar PV by end of 2022 in record year for deployment
Almost 40GW of solar PV will certainly be rolled out throughout Europe by the end of the year, according to SolarPower Europe (SPE), as the continent scrambles to release renewables as well as wean itself off Russian gas.
Jul 21, 2022 // Markets & Finance News, pv power plants, Europe, SolarPower Europe, european energy, european commission, european solar, REPowerEU, russian gas
EU Parliament passes resolution condemning China's 'crimes' in Xinjiang, requires import ban
The European Union (EU) Parliament has passed a new resolution condemning civils rights misuses in China's Xinjiang area and also has actually gotten in touch with its exec, the European Commission (EC), to pass tougher profession sanctions on the nation.
Jun 17, 2022 // Manufacturing News, Markets & Finance News, Policy, USA, China, Asia, North America, European Union, european commission, european solar, import, Xinjiang
Green hydrogen infrastructure, legislation required to build on REPowerEU plan
Europe has established a leading position throughout the green hydrogen value chain but now should increase financial investments to develop out infrastructure while committing green hydrogen targets to legislation.
May 18, 2022 // Markets & Finance News, Policy, European Union, green hydrogen, european commission, legislation, REPowerEU
EU intending one-year renewable permits in 'go-to locations' as it steps up change preparation
The European Commission (EC) intends to accelerate the permitting procedure for renewable energy projects to a maximum of one year, Reuters reported the other day, referencing a leaked draft document it had seen.
May 11, 2022 // Policy, Europe, European Union, european commission, renewables, permitting
Five EU member specifies urge bloc to get to 1TW of installed solar PV by 2030
The European Union (EU) need to establish greater solar PV release targets as well as speed up the energy shift to phase out its energy dependency on Russia immediately, according to 5 member states of the bloc.
May 9, 2022 // Markets & Finance News, Spain, rooftop, Europe, Belgium, European Union, Lithuania, Luxembourg, Austria, european commission, energy transition, deployment target, european manufacturing, domestic manufacturing, REPowerEU
European trade bodies decry 'distorting' interventionist energy policy, call for accelerated renewables rollout
The heads of five major energy trade bodies in Europe have written to the European Union and also member states prompting them not to alter the present power price establishing system in light of the continent's energy crisis as well as rather pursue greater renewables rollout.
May 3, 2022 // Markets & Finance News, Policy, Europe, SolarPower Europe, policy, european commission, energy crisis, intervention
European Commission Ponders Hiking Renewable Energy Target To 45% By 2030
Deputy Director General of the Energy Department of the European Commission notified about the strategy in a meeting of EU lawmakers. The Commission wants to phase out Russian gas dependancy by 2027.
Apr 21, 2022 // Markets & Finance News, Ukraine, Solar Energy, Europe, Asia, Russia, european commission, Renewable Energy, Wind Energy, Ursula von der Leyen, Deputy Director General of the Energy Department, Frans Timmermans, Mechthild Woersdoerfer, russian gas dependence
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