EU Green Recovery plan could support 2.3 GW of Spanish solar project capacity

16/09/2020 08:52 Solar


Three big projects are candidates for support from the Covid recovery plan laid out by the bloc.

U.K. consultant EY has spelled out investment projects across the EU which would be in line for support from the bloc’s Covid-19 recovery fund.


The A Green Covid-19 Recovery and Resilience Plan for Europe report published by the professional services company outlined up to 2,000 energy, construction, transport, industry and land use investments across the EU’s 27 member states, half of which it is estimated could contribute to job creation and climate change targets and reach financial close within two years if backed by the Next Generation EU recovery fund.


Spain has the third highest number of green investment and economic recovery projects in the EU, according to EY, which highlighted 79 investments which require €24.5 billion. In terms of energy projects specifically, Spain’s 30 trails only France’s 47 in the bloc.

Daily (21.09.2020): German spot power price fell by more than 13% on stronger wind output

21/09/2020 11:25:00

A slide in oil prices was noticed on Friday, as worries about the increasing number of coronavirus infections across the world stalled oil demand. Furthermore, a potential return of oil output from Libya weighed on the oil market. However, a new tropical storm in the U.S. Gulf of Mexico limited losses. Hence, Brent crude slipped by 0.4% to $43.15 a barrel. At the same time, the American WTI dropped by 0.3% to $41.11 a barrel.


Diesel prices fall again on the back of easing global crude oil prices

21/09/2020 09:11:00

The recent fall in transport fuel prices comes in the wake of softening of global oil prices as an extended run of Covid-19 has depressed demand and created a glut in the market.


Turkey extends renewable energy support mechanism date

21/09/2020 09:03:00

If plant equipment is locally-produced, additional support for five years will be given starting from commission date