EC approves EUR-5.4bn state aid for Italy’s renewables

17/06/2019 10:33 Renewable

news

The European Commission (EC) approved on Friday EUR 5.4 billion (USD 6.1bn) in state aid to support power generation from renewables in Italy.

According to the EC, Italy plans to launch a new aid measure to boost the electricity production from onshore wind, solar and other assorted renewable sources. The EUR-5.4-billion pot, available until 2021, will back these projects with a premium paid on top of the market price.

 

In order to keep the aid at a minimum, the premium will not be higher than the difference between the average production cost for each technology and the market price. In other words, the premium will only serve to cover the negative difference between the market price and production costs.

Source: renewablesnow.com

Polish LNG terminal receives 64th cargo

18/07/2019 08:20:00

Polish liquefied natural gas import facility the President Lech Kaczyński terminal in Świnoujście has received a new cargo on Tuesday, July 16.

<READ MORE

France's Akuo Energy, IEL Energie sign MoU to develop wind farm in Serbia

18/07/2019 08:18:00

France's Akuo Energy and IEL Energie have signed a memorandum of understanding (MoU) with Serbia's autonomous province of Vojvodina for the construction of the Basaid wind farm, Serbian energy minister Aleksandar Antic said.

READ MORE

Iberdrola secures financing of the 500 MW »Núñez de Balboa« PV solar plant in Spain

18/07/2019 08:07:00

The European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) will finance the development of the »Núñez de Balboa« PV solar plant, which Spanish solar project developer Iberdrola is currently building in Extremadura (Spain).

READ MORE