The European Parliament appears to have made the terms of the energy transition funding stream for public sector entities more favorable by securing a bigger slice of non-repayable grant cash for the bloc’s most deprived regions.
The oft-heard industry call for more supportive policy for renewables, this time in Africa, has prompted the European Commission to pledge to work with its continental counterpart on improving the clean energy regulatory environment.
The European Investment Bank and Greece this week signed a first-of-its-kind agreement to jointly manage €5 billion of investment concerned with the EU member state’s post-Covid recovery plan. The strategy has a key focus on green energy.
Instead of splurging €11 billion of EU cash on uneconomic new generation capacity, the Italian authorities–and electricity bill payers–would be better served investing in a mix of current clean power technologies which would include almost 17 GW more solar capacity.
Rising volumes of photovoltaic project capacity are increasing the incidence of negative price periods for electricity–and changing the times of day when they occur.
The Greek government has published its plan for a post-Covid economic recovery. The strategy aims to mobilize at least €10 billion towards the green energy sector, with the prospect of further EU loans on top.
That was just one of the revelations of the latest Dentons’ Guide to renewables investment in Europe, which also noted solar plants could be switched off in Slovakia, Ireland could go either way on clean power pricing, and Luxembourg is struggling with a surprising headache.
The bloc should accelerate investment into mining and processing within its shores, as well as ramping up recycling, according to European employers and trades unions, with coal workers already equipped with the necessary transferable skills.
Since summer 2018, a 25% charge has been levied by the EU on steel-product import volumes in excess of historical norms. European manufacturers say there is still a global steelmaking glut and the U.S. is showing no signs of lifting its restrictions.
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