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how geothermal could help eastern EU countries ditch fossil fuels

Countries like Hungary, Slovakia, Austria, Romania and Croatia sit over the Pannonian basin, which has huge potential for geothermal energy and is over 10°C per kilometre hotter than the European average, making them a prime location for geothermal deployment.

read more... 24/02/2021


RWE to sell 65 MW of French, Portuguese renewables to Kelag

German energy major RWE AG (ETR:RWE) announced it is divesting 65 MW of renewable power plants to Austrian energy utility Kelag.

read more... 13/01/2021


Russia's Gazprom Export begins gas supply to OMV in Germany under long-term deal

Gazprom Export has begun to supply gas to the trading arm of Austria's OMV for delivery into the German market under a new long-term contract, the Russian company said Dec. 2.

read more... 03/12/2020


OMV Petrom on track to exceed 2019 power output

OMV Petrom, Romanian arm of Austria's OMV, boosted its third-quarter power output on the year, spurred by higher spark spreads. Full-year generation is now on track exceed both 2019's level and the firm's 2020 target.

read more... 30/10/2020


Austria fails in attempt to block Hinkley Point C

The European Court of Justice has rejected Austria's appeal against the European Commission's 2014 decision to approve the UK's support for the Hinkley Point C nuclear power plant, which is under construction in Somerset, England. The Court of Justice, the supreme court of the European Union in matters of European Union law, agreed with the Commission that the project is in line with EU state aid rules.

read more... 23/09/2020