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Oil prices drift sideways ahead of Opec+ meeting

Date: 30.06.2022 Author: Jeff Coelho, Montel
Oil prices drift sideways ahead of Opec+ meetingPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices were little changed in early trading on Thursday, ahead of an Opec-led meeting of producers who are likely to confirm a modest increase in supply for August.

Interest in Romanian renewables tender far exceeds expectations

Date: 29.06.2022 Author: Peter Palčec
Interest in Romanian renewables tender far exceeds expectationsPhoto: Energetika.NET archive

Interest in funding for renewable energy projects under Romania’s National Recovery and Resilience Plan (NRRP) has far exceeded the government’s expectations.

German Cal 23 climbs to fresh high as supply fears persist

Date: 29.06.2022 Author: Julia Demirdag, Montel
German Cal 23 climbs to fresh high as supply fears persistPhoto: Roman Peklaj

German power futures prices rose to fresh records on Wednesday amid ongoing concerns of a winter supply squeeze in an otherwise thinly traded market.

SEE POWER – HU-DE July widens on more wind

Date: 29.06.2022 Author: Marcin Czekanski, Montel
SEE POWER – HU-DE July widens on more windPhoto: ACER

Forecasts of higher than normal wind output in Germany next week coupled with still low precipitation in the Balkans pushed the July spread between them up to EUR 49/MWh on Tuesday, traders said.

Norway’s Statkraft sights Albania and Croatia in 30 GW RES goal

Date: 29.06.2022 Author: Tanja Srnovršnik
Norway’s Statkraft sights Albania and Croatia in 30 GW RES goalPhoto: Roman Peklaj

Albania and Croatia are part of Norwegian power producer Statkraft's 30 GW renewable energy sources (RES) growth target by 2030, the company's spokesman told Montel Energetika.NET on Wednesday.

EU ministers reach draft accord on carbon market reforms

Date: 29.06.2022 Author: Siobhan Hall, Montel
EU ministers reach draft accord on carbon market reformsPhoto: Roman Peklaj

EU ministers agreed their negotiating position on EU ETS reforms for industry and power sectors in the early hours of Wednesday, paving the way for talks with the European Parliament to make them

Bosnian power producer profits triple to EUR 320m – Bhas

Date: 29.06.2022 Author: Maja Žuvela
Bosnian power producer profits triple to EUR 320m – BhasPhoto: Roman Peklaj

Bosnia and Herzegovina's (BiH) power exports from January to May tripled year on year to EUR 320m, data published by the Bhas statistics agency in June shows.

UK plans to cut gas links to EU if crisis intensifies – FT

Date: 29.06.2022 Author: Montel
UK plans to cut gas links to EU if crisis intensifies – FTPhoto: Jo Goertz/E.ON

The UK will cut off gas supplies to mainland Europe if it is hit by severe shortages under an emergency plan that energy companies warn risks exacerbating a crisis on the continent, the Financial

Romania drafts law for transfer of renewable energy to EU

Date: 28.06.2022 Author: Peter Palčec
Romania drafts law for transfer of renewable energy to EUPhoto: S. Miles/FreeDigitalPhotos.net

The Romanian energy ministry has drafted a normative act that transposes European legislation and allows the statistical transfer of electricity produced from renewable sources between countries,

G7 vows to counter energy supply risks amid Ukraine war

Date: 28.06.2022 Author: Laurence Walker, Montel
G7 vows to counter energy supply risks amid Ukraine warPhoto: www.nord-stream.com

Leaders of the group of seven economic powers (G7) said they were committed to counter the impacts and risks to energy supply security exacerbated by Russia’s war in Ukraine, including a proposal

Macedonian MPs back loan for 2nd solar farm at old coal mine

Date: 28.06.2022 Author: Montel
Macedonian MPs back loan for 2nd solar farm at old coal minePhoto: Ana V. Vršnak

North Macedonia’s parliament has approved a EUR 5.9m EBRD loan for the construction of a second 10 MW solar farm at the old Oslomej coal mine site, its energy minister said on Monday.

Ministers back EU 40% renewables target for 2030

Date: 27.06.2022 Author: Siobhan Hall, Montel
Ministers back EU 40% renewables target for 2030Photo: S. Miles/FreeDigitalPhotos.net

EU ministers have backed a 40% renewable energy share target for 2030 in a negotiating position adopted on Monday, up from the current 32% and in line with the European Commission’s proposals last



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