Greece to invest 1 billion euros in solar power

18/10/2011 10:32 Renewable

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According to the Deputy Prime Minister and Finance Minister of Greece, Evangelos Venizelos, the country will attempt to accelerate the approval of three PV large-scale photovoltaic projects worth 1 billion euros.

The proposal will be reviewed by taking into account several important procedures as to boost this industry and put the country alongside other European PV industry leaders, such as Germany and Italy. Due to Greece’s high solar radiation and high feed-in tariffs it could bring the country on the top of the PV market rank. Currently, Greece pays up to 40 euro cents per kWh of solar power comparing with Germany’s tariff of up to 29 euro cents per kWh. According to a government private investment agency, “Invest in Greece”, the country approved a fast-track rule last year as to increase the investment into domestic green projects, move that should get the country out of the economic crisis.

Zimbabwe hikes average electricity tariff by 320% - energy regulator

09/10/2019 13:25:00

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.

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Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations

09/10/2019 10:50:00

Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.

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Ukraine to export natural gas to Moldova without Gazprom's involvement

09/10/2019 09:28:00

The Cabinet of Ministers has instructed NJSC Naftogaz of Ukraine to take measures to ensure natural gas exports to Moldova without the involvement of Russia's Gazprom.

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