Latest news
Croatia, Hungary and Ukraine to create their own gas corridor
Ukraine, Croatia and Hungary aim to build their own corridor expanding gas pipelines networks. The construction of this corridor will start next year. This gas corridor is planned to be linked to the Trans-Adriatic Pipeline, which is likely to carry Shah Deniz gas to Europe through Turkey. The parts have already reached an agreement on passing of natural gas through all three countries.
read more... 25/10/2013
Germany to build its longest power line to transport surplus wind
Network operators TenneT and TransnetBW have joined forces to build Germany's greatest power line to transport surplus of wind power from northern regions into the south, an important step in the country's attempt to shift away from nuclear. The objective is to build power lines to take renewable energy from where it is abundant and carry it to where it is needed.
read more... 25/10/2013
Germany's green energy surcharge will increase 18% in 2014
German network operators have announced that the surcharge added to German electricity bills to cover the cost of renewables is set to increase 18 % to a record high of 6.24 cents per kilowatt hour. The charge has more than quintupled in the last 4 years, while increasing German household power bills, which now are the third- highest in the European Union.
read more... 17/10/2013
The EIB has granted Spain a €475m loan for power grid upgrade
The European Investment Bank (EIB) has granted to Spain’s Gas Natural Fenosa a 475 million euro loan for upgrading its power grid. The loan have the objective to support utility firm Gas Natural Fenosa’s four-year programme of investment in upgrading and expanding the overhead distribution network, laying underground cables and building substations.
read more... 16/07/2013
Scottish Power to invest 5.2 billion pounds in upgrading its power network
Energy giant ScottishPower has announced it plans to invest 5.2 billion pounds in upgrading its ageing power network. The energy firm has presented its proposals to Ofgem delineating the plans for expansion between 2015 and 2023. The investment would see more than 62 miles of power cables and 30,000 substations upgraded.
read more... 02/07/2013