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22.02.2018 17:20CEZ Sold Its Bulgarian Assets to “Inercom Bulgaria”
The Supervisory Board of CEZ in the Czech Republic has granted consent to the sale of the Bulgarian assets to Inercom, the company announced today. The package contains seven companies: CEZ Bulgaria, CEZ Elektro Bulgaria, CEZ Razpredelenie, CEZ Trade16.02.2018 08:53France's RTE Keen for Role in EU Power Grid Consolidation
French grid operator RTE would be keen to play a part in European Union power grid consolidation and in favour of changing its legal status in order to achieve that, its chief executive officer Francois Brottes said, cited by Reuters. The15.02.2018 16:47Innogy Enters Australian Solar Market with 460 MW Projects
German energy firm Innogy bought project rights for two solar power plants in Australia worth more than 460 megawatts, continuing its renewables expansion outside its core market Europe, Reuters reported. The projects, in New South Wales,15.02.2018 13:22OECD: Energy Taxes in Developed Economies Too Low to Fight Climate Change
Energy taxes in major advanced economies are not doing enough to reduce energy use, improve energy efficiency and drive a shift toward low-carbon sources, according to the Organization for Economic Co-operation and Development (OECD), Reuters reported. Taxes14.02.2018 17:19EDF Plans New Central Storage Site for Nuclear Waste
French state-controlled utility EDF plans to build a new central storage pool for nuclear waste but has not yet decided on a site, the company has said, according to Reuters. French environment news site Reporterre wrote that EDF plans to14.02.2018 15:38Investment in Wind in the EU Down 19% in 2017
Spending on new wind capacity in Europe hit a three-year low in 2017, according to industry group WindEurope, in a sign that the sector is slashing costs and becoming more efficient as governments phase out lavish subsidies, Reuters reported. Investments14.02.2018 12:12Saudi Arabia Is Testing a Device Producing Power from Infrared Energy from the Environment
Most sunlight striking the Earth is absorbed by its surfaces, oceans and atmosphere. As a result of this warming, infrared radiation is emitted constantly all around us—estimated to be millions of Gigawatts per second. A King Abdullah University13.02.2018 16:41Gazprom Decided to Reorganize the Operating Structure of Its Export Activities
Gazprom decided to reorganize the operating structure of its export activities, including marketing and trading, the company said. "The new business model assumes the creation of an Integrated International Sales Unit that will be responsible13.02.2018 14:52EIB Approved €52.5 Million Financing for Sweden's Northvolt Battery Plant
The European Investment Bank (EIB) has approved 52.5 million euros in financing, alongside the Swedish government, for a Swedish plan to build Europe’s biggest battery cell plant, a bank executive said, cite by Reuters. The pilot facility13.02.2018 12:21Russia Invites BRICS to Create a Platform for Investment in 'Green Technologies'
Russia has invited the BRICS countries to create a financial mechanism for investment in "green technologies" and environmental projects, the press service of Russia’s Natural Resources Ministry reported referring its minister Sergei09.02.2018 11:39Eni and Total Have Found Natural Gas in an Offshore Field in Cyprus
Italy’s Eni and France’s Total have discovered a promising natural gas field off Cyprus, Reuters reported. The find looked geologically similar to the mammoth Zohr field off Egypt. Further analysis was required to determine the range08.02.2018 11:33The European Commission Approved Six Electricity Capacity Mechanisms
The European Commission has approved under EU State aid rules electricity capacity mechanisms in Belgium, France, Germany, Greece, Italy and Poland, according to a press release by the Commission. It found that the measures will contribute to ensuring
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