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EU raises another €9bn for Covid recovery

The latest, seven-year investment attracted offers worth more than €100 billion from investors and means the European Union has already generated €54 billion of the €80 billion of bond proceeds it is aiming for this year, as part of its five-year, €800 billion NextGenerationEU support package.

Commission flags up €875m renewables project fund

A call for grant proposals has been promised this month, with the bloc’s executive yesterday firing the gun on a separate exercise related to cross-border EU energy infrastructure projects.

PV policy developments in the Baltic states

Estonia, Latvia and Lithuania have seen uneven development in PV installations to date, and the three Baltic states are still highly dependent on imports from Russia. Estonia needs to replace aging energy infrastructure, and so far it has led the region in PV deployments. Latvia, meanwhile, has a high level of hydro in its energy mix, and less incentive to build PV. IHS Markit analyst Susanne von Aichberger examines the latest policy developments in the Baltic states.

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Estonian companies working on a green hydrogen value chain in 5 to 10 years

Estonia relies heavily on oil shale, which accounts for 4% of the country’s GDP. The Baltic state is working to increase green hydrogen production, but PV is projected to maintain a marginal role despite the recent growth. We spoke about it with Estonian energy company Alexela and cleantech start-up PowerUP Energy Technologies.

Rooftop PV has reached grid parity in main EU markets

Researchers have developed a high-resolution geospatial method of assessing the solar potential of all buildings in the EU and concluded rooftop PV could provide a quarter of the bloc’s electricity needs. The scientists say grid parity for rooftop solar has been reached outside eastern member states with cheap fossil fuel electricity.

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EU call for energy infrastructure proposals backed by €750m of funding

Under its Connecting Europe Facility (CEF), the bloc has opened another call for applications to build cross-border energy infrastructure projects. It has already agreed to provide a grant of €323 million to synchronize the regional grid in the Baltic States.

EU clean energy transition receives an €800 million boost

The funds will come from the Connecting Europe Facility. Around €504 million will be used for electricity infrastructure and smart grids and another €286 million will be devoted to gas. The remaining €9 million will be allocated to studies on the development of carbon dioxide transport infrastructure.

Europe moves further towards large-scale battery cell production

More than a dozen European ministers of economic affairs have released a statement setting out the next steps to turn Europe into an industrial hub for large-scale cell production. The role of SMEs and competition was highlighted as ministers said European cells should provide innovation in terms of raw material use and sustainability, hinting at a pivot away from lithium-ion.

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Latvia launches net metering scheme for solar

The program will be managed by the country’s state-owned utility Latvenergo and will be open to rooftop PV projects not exceeding 10 kW in size.

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