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

17/06/2019 10:33 Renewable


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.


Daily (19.11.2019): NBP spot fell by 2% on forecasts for lower heating and gas-for-power demand due to milder weather

19/11/2019 10:40:00

Oil prices lost ground on Monday amid uncertainty over a trade agreement between the U.S. and China. Furthermore, worries about crude oversupply also put pressure on oil contracts. Brent crude dropped by 1.4% to $62.44 a barrel and WTI futures fell by 1.1% to $58.05 a barrel.


Ukrainian power player hits 1GW milestone

19/11/2019 09:12:00

Ukraine developer DTEK has reached 1GW of online renewables capacity after completing the 100MW Orlivska wind farm in the Zaporizhzhia region of its home market.


World's largest green-hydrogen plant begins operation in Austria

19/11/2019 09:09:00

The world’s largest green-hydrogen production facility has commenced operations in Austria, “setting an international milestone in the advancement of new energy supply options”, according to the project partners.