In its latest report, McKinsey&Co forecasts the ways in which energy production and demand patterns will change through to 2050. Renewables will become cheaper than fossil fuels and by 2036, half of the global power supply is expected to come from RES.
In spite of an expected gradual recovery in 2021, the COVID-19 crisis will have long-lasting impacts on natural gas markets. Market players have to adjust their strategies to a highly volatile environment and the repercussions of the pandemic could trigger fundamental changes.
Biodiversity represents the natural capital of the world, yet we are bringing irreversible damage to ecosystems. Heads of State and government, leaders of international organisations came together at the One Planet Summit to discuss how to reverse this negative trend.
Romanian Restart Energy announces 500 MW of green projects in a joint venture with US-based Interlink
Restart Energy entered into a joint venture with Washington-based Interlink Capital Strategies to develop 500 million US dollars in green energy in Romania and neighbouring countries.
Construction of the largest solar power plant in Central and Eastern Europe will start soon in Pomerania, announced Respect Energy. Over the next 30 years, the plant could contribute to reducing CO2 emissions by 5 million tonnes.
According to Eurostat, 6.9% of the EU population, more than 30 million people cannot afford to heat their homes. Energy poverty is still a widespread problem and national schemes should address the essence of the problem by reducing energy costs, improving thermal comfort and better indoor air quality.
Hungary launched the first round of the call for proposals of its Green Bus Programme, supporting the procurement of modern, sustainable and environment-friendly public transportation.
According to a survey commissioned by CMS, 57% of CEE participants report negative sentiments towards the Belt and Road Initiative. However, there is an increasing interest in environmentally-friendly and sustainable sectors as areas for future BRI investments.
Romania's electricity market was fully liberalised from the beginning of this year. Therefore, the supply prices to household customers are no longer set by the National Energy Regulatory Authority and electricity will be cheaper.
OMV Petrom initiated a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea, continuing a series of investment projects for offshore production.
The three largest Polish energy companies, PGE, Enea and TAURON have signed a letter of intent for cooperation on future offshore wind farm projects, recognising its value for the development of the Polish economy.
Wind and hydropower energy accounted for over two-thirds of the total electricity generated from renewable sources, followed by solar power, solid biofuels and other renewables.
Baltic Power, a member of the ORLEN Group, has signed a grid connection agreement with Polskie Sieci Elektroenergetyczne for its offshore wind farm, a guarantee that the clean energy generated can be fed into the national power system.