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German gas storage levy against EU law
The German storage levy charges a fee on all gas exiting the German grid, set at €1.86/MWh for January-June, with the aim of recouping money spent to purchase strategic reserves in 2022.
read more... 10/01/2024
EC clears EUR-2.9bn French tax credit scheme for green industries
The European Commission (EC) on Monday approved, under state aid rules, a EUR-2.9-billion (USD 3.17bn) French tax credit scheme to support the production of solar panels, batteries, wind turbines and heat pumps, as well as associated key components and critical raw materials.
read more... 10/01/2024
Norway's Statkraft to invest up to $6.6 bln in hydro, wind power
Norway's state-owned renewable power producer Statkraft on Monday said it plans to invest up to 6 billion euros ($6.56 billion) to upgrade its domestic hydro and wind power facilities and to build new onshore wind farms.
read more... 09/01/2024
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Austria boasts Europe’s second-greenest power sector in 2023
Austria generated 87% of its power from renewable sources in 2023 following record years of solar panel expansion, putting it behind Luxembourg in the EU rankings.
read more... 08/01/2024
EIB offers $242m for Polish power network upgrade
The European Investment Bank (EIB) has agreed to provide $242m (€219m) to modernise Poland’s electricity distribution network Enea.
read more... 02/01/2024