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

09/03/2020 09:32 Renewable

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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.

Source: reuters.com

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.

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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.

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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.

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