Both dependence on fossil fuels and the quality of local electrical connections remain a problem for Estonia's islands, as they would for other offshore islands within the EU.
EU islands have the potential to be pioneers of the clean energy transition and the Island initiative puts citizens at the heart of it also supporting the EU’s post-COVID economic recovery efforts.
MVM Group acquired 100 % ownership of the Hungarian subsidiary of the German energy company Enexio, together with its two Chinese subsidiaries, aiming to become an active player in the Chinese energy market.
Investments in RES in the EU reached 66% in the first half of 2020. Hungary is stepping up green bond issuance to mobilise additional funds and the Caucasus in interested in increasing its share of RES. However, funds must support the right priorities.
Sonya Twohig has been appointed the new Secretary-General of ENTSO-E, the European Network of Transmission System Operators for Electricity.