Bosnian region to add 1,000 MW of renewables to trim carbon footprint

09/03/2020 09:32 Renewable


Bosnia’s autonomous Serb Republic aims to add 1,000 megawatts (MW) of renewable energy sources by 2029 at a cost of 11.5 billion Bosnian marka ($6.7 billion) to smooth its transition from coal, its energy minister said. <br><br>

The largest portion of projects, targeting solar, wind and hydro sources, will be carried out by the majority state-run power utility ERS, Petar Djokic said.


ERS General Manager Luka Petrovic told Reuters that 20% of the projects’ value would be funded by ERS’ equity and the remainder through loans.


ERS operates two coal-fired power plants with a combined capacity of 600 MW and three big and several small hydropower plants with a total capacity of 617 MW.


Daily (04.06.2020) NBP spot soared by 13.6% on Wednesday as low wind output boosted gas-for-power demand

04/06/2020 10:56:00

Crude oil prices stretched gains on Wednesday, on a potential new agreement between OPEC and its allies to cut crude supplies. Nevertheless, a weekly increase in U.S crude inventories supported the bullish trend. As a result, Brent crude increased by 0.6% to $39.79 a barrel. Similarly, WTI futures traded 1.3% higher at $37.29 a barrel.


Cabinet approves German offshore wind law

04/06/2020 10:04:00

The German cabinet has approved the amended Wind Energy At Sea Act (WindSeeG) presented by federal minister for economic affairs and energy Peter Altmaier.


EDF terminates nuclear electricity supply contracts

04/06/2020 09:59:00

French utility EDF has notified three energy suppliers - Alpiq, Gazel Energie and Total Direct Energie - of the termination of their contracts under a mechanism that allows rival suppliers to buy electricity produced by EDF's nuclear power plants. The suppliers had sought to invoke the force majeure clause in their supply contracts with EDF.