Friday, May 26, 2023


Scaling up renewable energy solutions: what is needed in CEE

Independently from the actors involved or the financing mechanisms and incentives preferred, one thing everybody can agree on is that grid stability is a 'sine qua non' for a successful scale-up of renewable energy sources in CEE.

Moldova to receive additional US aid for energy security

On 17 May, the Moldovan Cabinet of Ministers approved the start of negotiations and signed an amendment to receive additional budgetary aid from the United States for developing an interconnection with the EU's energy infrastructure.

EIB funds construction of biomass unit in Czechia

The EIB has signed an agreement with utility company Teplarny Brno for a 75 million euros loan to co-finance the upgrade of the heat generation and distribution system in the City of Brno,

G7-backed Ukraine Investment Platform launched in Tokyo

A new Ukraine Investment Platform has been launched, following an agreement between development finance institutions of the G7 countries and the EBRD in Tokyo on Friday.

Estonia’s modified recovery and resilience plan puts a stronger focus on the green transition

The European Commission has given a positive assessment of Estonia's modified recovery and resilience plan, which includes a REPowerEU chapter. The plan is now worth 953 million euros in grants and covers 17 reforms and 28 investments.

MOL Group announced its financial results for Q1 2023

Hungarian integrated oil and gas company, MOL Group delivered 714 million US dollars Clean CCS EBITDA in Q1 2023, despite regulatory headwinds and decreasing oil and gas prices. Upstream EBITDA decreased due to decreasing oil and gas prices, the extra royalty in Hungary and the regulated gas price scheme in Croatia, said the company.

Ukraine Energy Support Fund progressing at ‘fast pace,’ Energy Community says

Around 3.6 million euros of international donations from the Ukraine Energy Support Fund was spent on critical energy infrastructure repairs in the first quarter of 2023.

EBRD provides 25 mln euros loan to support biomass and renewables in Turkey

The EBRD is providing a 25 million euros loan to Turkey's Mav Elektrik to replace loans that funded the construction of the Arikcayiri biomass power plant, which is fuelled by poultry waste.

Moldova joins EU’s Connecting Europe Facility programme

Moldova has joined the EU's Connecting Europe Facility, following yesterday's agreement signing between the European Commissioner for Transport and Moldova's Minister for Infrastructure and Regional Development.

EU to fund preparatory studies for offshore wind farm in the Northern Adriatic Sea

The CEF Energy support will co-fund the preparatory studies that will help to assess the feasibility of a potential offshore wind farm of a capacity of approx. 300 MW in the Northern Adriatic coastal zone near Croatia and Italy.

European Commission approves amendments to Polish coal mine closure support scheme

European Commission has approved, under EU State aid rules, amendments to a Polish scheme to support the closure of uncompetitive coal mines.

Almost 22 bln euros will be available to Czechia through the Modernisation Fund by 2030

According to the Czech Ministry of Environment, over the past two years, the country has gone through a transformation thanks to the Modernisation Fund, which was used mainly to support the growth of renewables.

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