Monday, January 18, 2021
Home Finance

Finance

Innogy signs an agreement with Czech Ministry of Industry to introduce new energy-saving measures

Innogy has signed an agreement with the Ministry of Industry and Trade to improve the country’s energy efficiency and introduce energy-saving measures. Thus, the country is aligning with the EU Directive that obliges countries to save 0.8% of their yearly energy consumption by 2030.

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.

DTEK creates hub in London to attract investment in new energy projects in Ukraine

DTEK is amplifying its presence in London to create an ecosystem to attract investments and innovative technologies in new Ukrainian energy projects.

EBRD to support energy-efficient residential buildings in North Macedonia

The EBRD is providing a one-million-euro loan to North Macedonia to support residential home-owners to make their buildings more energy-efficient and build a greener and more sustainable economy.

Enthusiasm for China’s Belt and Road has cooled down in CEE

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.

Calling for a revised EU Taxonomy that accelerates investments in sustainable solutions

Associations representing the European energy industry (including Gas Infrastructure Europe, Bioenergy Europe, Eurogas) are calling for a revised EU Taxonomy that helps accelerate investments in sustainable solutions to achieve a competitive climate neutral economy.

EP and Member States agree to cut funding for fossil fuels under the Just Transition Fund

Investments in fossil fuels will not receive funding under the Just Transition Fund. However, gas projects that meet the taxonomy criteria of 'do no significant harm' could still access funding from the regional development fund until 2025.

ALTUM to fund for transitioning to greener vehicles to Latvia’s companies

ALTUM announced new financing to Latvia's companies to switch to more eco-friendly vehicle fleets, including those types that using compressed natural gas as fuel.

V4 countries must seize the opportunity of green recovery

An analysis of Cambridge Econometrics argues that a green recovery in the Visegrad Group countries is not only important for climate goals but also could provide an important push towards pre-Covid levels of employment and economic activity.

US House of Representatives passes a resolution supporting the Three Seas Initiative

The US House of Representatives has unanimously passed a bipartisan resolution in support of the Three Seas Initiative, to strengthen regional interconnectivity countering Russian and Chinese influence.

BIF IV Europe and Mansa Investments to launch a tender offer for 100% of Polenergia’s shares

BIF IV Europe Holdings in cooperation with Mansa Investments, intend to launch a tender offer for 100% of the shares in Polenergia, advised by Dentons, in a move to delist the company from the Warsaw Stock Exchange.

Chinese energy investments in CEE are becoming problematic

After initial success, we haven’t seen much of Chinese energy investments in CEE. Some fear its political influence, plus China is one of the biggest polluters, not in line anymore with the EU climate targets.

Most Read

MAN Truck & Bus Slovenia partners with Petrol to develop sustainable logistics transport

MAN Truck & Bus Slovenia has signed a letter of intent with Petrol for the development of sustainable logistics and urban transport, to help achieve the goal of reducing CO2 emissions in urban centres.

Innogy signs an agreement with Czech Ministry of Industry to introduce new energy-saving measures

Innogy has signed an agreement with the Ministry of Industry and Trade to improve the country’s energy efficiency and introduce energy-saving measures. Thus, the country is aligning with the EU Directive that obliges countries to save 0.8% of their yearly energy consumption by 2030.

A hundred efficient solutions to reverse global warming

Not only one book, but a hundred efficient solutions to stop the climate catastrophe. The New York Times bestseller edited by Paul Hawken, Drawdown, offers many ways to save our planet. And avoiding food waste is only one of them.

Flexibility will be a key word for gas markets in 2021

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.