Mario Draghi’s administration has replaced market-driven electricity prices for the rest of the year and replaced them with tariffs based on historical averages. With solar plant operators among those affected, the European trade body for PV is not amused.
Brussels is ignoring the requests of some EU member states, including Germany, as well as the assessments of experts. The German government has spoken out clearly against including nuclear power and gas-fired power plants in the EU taxonomy.
A speech delivered by the European Commission’s executive VP for the European Green Deal reiterated the EU executive’s belief natural gas will play a part in the energy transition, 24 hours before a member of an advisory panel hit out at plans to deem gas and nuclear sustainable energy sources.
The Platform on Sustainable Finance was unstinting in its criticism of a suggestion made by the EU executive on New Year’s Day, that the divisive energy sources be considered eligible for support in the bloc.
Brussels has asked interested parties how the permitting process for renewable energy sites can be simplified across the EU and how private PPAs can be made more attractive. Respondents can submit their thoughts until April 12.
Figures released by Eurostat this week indicated the monumental task facing the renewables industry as Europe attempts to replace a power source which generated a quarter of the bloc’s electricity in 2020.
Right before the holiday season, the European Commission unveiled the latest installment of its “Fit for 55” legislative package – plans that aim to put the continent on track to reducing emissions by 55% by 2030. These additional proposals include the Hydrogen and Decarbonised Gas Package, as well as a revision to the Energy Performance of Buildings Directive (EPBDII).
While the chief executive of Ukraine’s biggest private energy company scrupulously mentioned the role renewables could play in counteracting the Nord Stream 2 gas pipeline, he called for his country’s gas market to be liberalized just as the European Commission appears set to rubber stamp gas as ‘sustainable.’
The European Commission has called for submissions from parties with an interest in a proposed investment in Powen by Brookfield.
The European Commission has given its seal of approval to a government program which will drive an estimated 264 MW of solar and wind capacity across 47 islands while they await connection to the mainland grid.
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