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    EU Green Gas And Nuclear Investment Rules Final Vote Is Near

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    South Korea To Grow Nuclear Energy Share Mix To 30% By 2030

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    Germany Prepares for Hybrid War as Russia Cuts Gas to Europe

    EIB to finance new medium-size onshore wind farm in Poland

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    India Experiences A Boom In Investment In Renewable Energy

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    Refiners Should Not Be Making Above Normal Profits- Biden

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    Cluster of Businesses Want The EU To Improve Energy Security

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    In A Move To Avert Blackouts Australia Halts Power Market

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    Central American Development Bank commits $800 million toward the fuel relief effort

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

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    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    GE’s digital power transformers selected for multiple projects across the globe

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    EIB to finance new medium-size onshore wind farm in Poland

    Making The Largest Offshore Wind Farm Project A Reality

    Testing To Be Performed On The First Hydrogen-Powered CTV

    Testing To Be Performed On The First Hydrogen-Powered CTV

    A Significant Step Towards Clean Energy- Green Hydrogen

    In Green Hydrogen, Germany Aims To Invest EUR 3.6 Billion

    EU Green Gas And Nuclear Investment Rules Final Vote Is Near

    EU Green Gas And Nuclear Investment Rules Final Vote Is Near

    South Korea To Grow Nuclear Energy Share Mix To 30% By 2030

    South Korea To Grow Nuclear Energy Share Mix To 30% By 2030

    Germany Prepares for Hybrid War as Russia Cuts Gas to Europe

    Germany Prepares for Hybrid War as Russia Cuts Gas to Europe

    EIB to finance new medium-size onshore wind farm in Poland

    Offshore Wind Sector Will Have More Than Doubled By 2031

    Argentina reveals its nuclear new build plans

    Nuclear Power To Play Key Role in Securing Energy Shifts

    India Experiences A Boom In Investment In Renewable Energy

    India Experiences A Boom In Investment In Renewable Energy

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements
    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

    GE's digital power transformers selected for multiple projects across the globe

    GE’s digital power transformers selected for multiple projects across the globe

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€2.4bn EU Green Transition Funds To Be Shared By 7 Nations

in Featured, News, Renewable Power
€2.4bn EU Green Transition Funds To Be Shared By 7 Nations

Seven countries have received approximately €2.4 billion (£2.1 billion) in assistance to help them expedite their green transition. It will help Romania, Poland, Czechia, Lithuania, Slovakia, Hungary, and Croatia cut greenhouse emissions in energy, industry, and transportation, as well as meet their 2030 energy and climate goals.

In Czechia, projects include municipal lighting modernization, district heating conversions from coal to biomass and gas, energy efficiency, as well as renewable energy production in Croatia. The money will also go towards the construction of 8 solar parks and 2 combined cycle turbine plants in Romania, the renovation of public buildings throughout Lithuania, energy efficiency improvements in industry in Poland, energy storage projects in Hungary, and also the restoration and outgrowth of district heating and cooling networks in Slovakia.

The funding comes from the Modernisation Fund’s third investment cycle, which is funded by proceeds from the EU’s Emissions Trading System’s emission allowance auction. The Modernisation Fund represents European unity in action, remarked Frans Timmermans, European Commission Executive Vice-President. It achieves tangible outcomes on the ground with money from the emissions trading scheme, assisting recipient nations in reducing greenhouse gas emissions in critical industries and becoming climate neutral.

Moreover, as a result of Russia’s invasion of Ukraine, this significant cash infusion will be available to begin projects that help expedite the energy transformation. The deadline for benefit member states to submit non-priority investment plans for possible support in the next funding round is August 16, 2022, and the deadline for priority proposals is September 13, 2022.

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