X
  • Renewable Power
  • Nuclear Power
  • Thermal Power
Power Gen Advancement
  • Home
  • News
    Taiwanese 376 MW Formosa 2 offshore wind project set for launch

    450MW Installation of Wind Power Thrust In Indonesia By 2027

    Iberdrola buys two onshore wind energy projects in Scotland

    To Shift To Renewable Energy Vietnam Turns To Offshore Wind

    EU Gets Green Alliance Partner In Norway, First From Europe

    US Authorities Seek To Reduce Regulations On Offshore Wind

    UK to offer £205m Renewable Contracts in Auctions

    Clean Energy Investment Sees A Rise In Australia At 17% YoY

    64% Share of Coal Existed In Indonesian Energy Mix Last Year

    Worldwide Renewable Investment Hits Historic $500bn In 2022

    Clean Energy Surge Compensates Global CO2 Emission In 2022

    Annual US Renewables Investment Expected To Grow Rapidly

    500GW Clean Energy Indian Aim Finds Would Be Partner In UAE

  • 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
    India achieved a solar share of 10.69 percent of installed power capacity

    Altea Green Power inks deal with Aer Soleir to build 300MW projects in Italy

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    TotalEnergies starts up its fourth solar power plant in Japan

    ACCIONA Wind Energy

    ACCIONA Energia to supply 100% renewable energy to Grupo Violas in Portugal

    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    US Authorities Seek To Reduce Regulations On Offshore Wind

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
  • Home
  • News
    Taiwanese 376 MW Formosa 2 offshore wind project set for launch

    450MW Installation of Wind Power Thrust In Indonesia By 2027

    Iberdrola buys two onshore wind energy projects in Scotland

    To Shift To Renewable Energy Vietnam Turns To Offshore Wind

    EU Gets Green Alliance Partner In Norway, First From Europe

    US Authorities Seek To Reduce Regulations On Offshore Wind

    UK to offer £205m Renewable Contracts in Auctions

    Clean Energy Investment Sees A Rise In Australia At 17% YoY

    64% Share of Coal Existed In Indonesian Energy Mix Last Year

    Worldwide Renewable Investment Hits Historic $500bn In 2022

    Clean Energy Surge Compensates Global CO2 Emission In 2022

    Annual US Renewables Investment Expected To Grow Rapidly

    500GW Clean Energy Indian Aim Finds Would Be Partner In UAE

  • 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
    India achieved a solar share of 10.69 percent of installed power capacity

    Altea Green Power inks deal with Aer Soleir to build 300MW projects in Italy

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    TotalEnergies starts up its fourth solar power plant in Japan

    ACCIONA Wind Energy

    ACCIONA Energia to supply 100% renewable energy to Grupo Violas in Portugal

    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    US Authorities Seek To Reduce Regulations On Offshore Wind

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
Power Gen Advancement
No Result
View All Result
Home Featured

Researchers Urge Europe To Focus On Tackling Energy Crisis

in Featured, News

Researchers stated on February 13, 2023, that the bill for European governments to protect businesses from rising energy costs has increased to nearly 800 billion euros, encouraging countries to be more targeted in their expenditures to address the energy problem.

According to an analysis by one of the think tank’s, European Union countries have already designated or committed 681 billion euros in the escalating energy crisis, while Britain has contributed 103 billion euros and Norway has allocated 8.1 billion euros since September 2021.

The 792-billion-euro sum compares to the 706-billion-euro total in think tank’s previous forecast in November, as countries face the consequences of Russia shutting off most of its gas deliveries to Europe in 2022.

Germany led the way in terms of spending, allocating about 270 billion euros—a figure that dwarfed all other countries. Britain, Italy, and France came in second, third, and fourth, with each spending less than 150 billion euros. Most EU member states only spent a small portion of that.

Luxembourg, Denmark, and Germany were the highest spenders per capita.

The countries’ expenditure on the energy crisis is now on par with the EU’s 750 billion-euro COVID-19 recovery fund. To deal with the pandemic, Brussels agreed to take on collective debt and pass it on to the bloc’s 27 member states in 2020.

The report on energy spending comes as nations discuss EU proposals to relax state assistance regulations even more for green technology initiatives as Europe strives to compete with American and Chinese subsidies.

Some EU capitals are concerned that encouraging more state aid may disrupt the bloc’s internal market. Germany has come under fire for its massive energy aid program, which is considerably beyond what other EU countries can pay.

According to the think tank, governments have focused the majority of their support on non-targeted measures to reduce the retail price consumers pay for energy, such as VAT reductions on petrol or retail power price ceilings.

The think tank stated that this dynamic needed to shift since states are running out of financial flexibility to continue providing such extensive assistance.

According to research analyst Giovanni Sgaravatti, governments should now promote more income-supporting policies aimed at the bottom two quintiles of the income distribution, especially towards important sectors of the economy, rather than price-suppressing measures that are, in effect, fossil fuel subsidies.

Previous Post

Acciona Energia and Grupo Violas agree to supply 100% renewable energy in Portugal

Next Post

UK Offshore Wind Projects At All Stages Almost At 100GW

Related Posts

Taiwanese 376 MW Formosa 2 offshore wind project set for launch
News

450MW Installation of Wind Power Thrust In Indonesia By 2027

March 21, 2023
Iberdrola buys two onshore wind energy projects in Scotland
News

To Shift To Renewable Energy Vietnam Turns To Offshore Wind

March 21, 2023
News

EU Gets Green Alliance Partner In Norway, First From Europe

March 20, 2023
US Authorities Seek To Reduce Regulations On Offshore Wind
News

UK to offer £205m Renewable Contracts in Auctions

March 18, 2023
News

Clean Energy Investment Sees A Rise In Australia At 17% YoY

March 10, 2023
News

64% Share of Coal Existed In Indonesian Energy Mix Last Year

March 10, 2023
Next Post

UK Offshore Wind Projects At All Stages Almost At 100GW

LatestNews

Taiwanese 376 MW Formosa 2 offshore wind project set for launch
News

450MW Installation of Wind Power Thrust In Indonesia By 2027

March 21, 2023
Iberdrola buys two onshore wind energy projects in Scotland
News

To Shift To Renewable Energy Vietnam Turns To Offshore Wind

March 21, 2023
News

EU Gets Green Alliance Partner In Norway, First From Europe

March 20, 2023
US Authorities Seek To Reduce Regulations On Offshore Wind
News

UK to offer £205m Renewable Contracts in Auctions

March 18, 2023
News

Clean Energy Investment Sees A Rise In Australia At 17% YoY

March 10, 2023
News

64% Share of Coal Existed In Indonesian Energy Mix Last Year

March 10, 2023
Power Gen Advancement

About Us

Power Generation Advancement is a leading information centric website providing latest up to date information and happenings within the industry. The website is sub divided into 3 sectors updating the latest news and developments about Power Generation industry through Renewable Energy, Nuclear Energy, Thermal Energy sources. Power Generation Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Resources

  • Advertise with us
  • Our Services
  • Contact Us
  • Download Mediapack
  • Newsletter Archive

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Market Moves
  • Press Statements
  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In