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Slovenian Petrol Sets Ambitious Goals for 2020Photo: Petrol

Slovenian Petrol Sets Ambitious Goals for 2020

December 13, 2019 | Tanja Srnovršnik
Oil and oil derivates | Economy

The Slovenian Petrol Group has set ambitious goals for 2020. The Group plans a net profit for 2020 of EUR 109.8 million, while it foresees a gross profit totalling EUR 510 million and sales revenue of EUR 6.4 billion, according to the group’s business plan for 2020 approved by Petrol’s supervisory board on Thursday....


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EU Leaders Agree on Climate Neutrality by 2050Photo: Roman Peklaj

EU Leaders Agree on Climate Neutrality by 2050

December 13, 2019 | Tanja Srnovršnik
RES and EE | Energy policy | CO2 emissions

The European Council endorsed the objective of achieving a climate-neutral EU by 2050, in line with the objectives of the Paris Agreement, late on Thursday. However, one member state - Poland, “at this stage, cannot commit to implementing this objective as far as it is concerned, and the European Council will come back to this in June 2020”, said the European Council in the conclusions...


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Energy Sectors in the Energy Community Vulnerable to Cybersecurity ThreatsPhoto: www.pixabay.com

Energy Sectors in the Energy Community Vulnerable to Cybersecurity Threats

December 13, 2019 | Peter Palčec
Energy policy | New technologies

The main problem identified in a cybersecurity study on the energy sector in the Energy Community is the generally weak or missing focus on the energy sector in national cybersecurity strategies and implemented legislation. “This is of particular concern as the energy sector requires specific communication and operation technologies, critical timescales and sensitivity to cascading effects,”...


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European Commission Unveils European Green DealPhoto: www.pixabay.com

European Commission Unveils European Green Deal

December 12, 2019 | Tanja Srnovršnik
RES and EE | Energy policy | CO2 emissions | Economy | Ecology

The European Commission presented the European Green Deal on Wednesday, outlining a roadmap with measures aimed at making Europe the first climate-neutral continent by 2050....


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Planned Merger of Slovenia's HSE, ECE, and E3 in Line with Competition RulesPhoto: www.pixabay.com

Planned Merger of Slovenia's HSE, ECE, and E3 in Line with Competition Rules

December 11, 2019 | Tanja Srnovršnik
Electricity | Energy policy | Economy

The Slovenian Competition Protection Agency issued a positive decision on 29 November 2019 on the notification relating to the concentration of the Slovenian energy companies Holding Slovenske elektrarne (HSE), Elektro Gorenjska, Elektro Primorska, and Elektro Celje in the planned joint takeover of the Slovenian traders ECE and E3. The agency is therefore not opposed to such a merger taking place...


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Report: Western Balkan Coal Plants in Severe Breach of Air Pollution LimitsPhoto: Ana Vučina Vršnak

Report: Western Balkan Coal Plants in Severe Breach of Air Pollution Limits

December 11, 2019 | Tanja Srnovršnik
Electricity | Coal | Energy policy | CO2 emissions

Western Balkan countries breach air pollution limits for coal plants agreed with the Energy Community by as much as six times for one toxic substance, according to a new report ‘Comply or Close’ published on Tuesday by CEE Bankwatch Network. ...


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Low-Carbon Approaches Could Cut CO2 Emissions in Transport by 80% by 2050Photo: Shutterstock

Low-Carbon Approaches Could Cut CO2 Emissions in Transport by 80% by 2050

December 11, 2019 | Peter Palčec
Electricity | Oil and oil derivates | RES and EE | Transport | Energy policy

“In the last few years the power sector has made encouraging progress in reducing CO2 emissions through the increased use of renewable energy. However, transport is still responsible for around 30% of global energy consumption, and its energy use is expected to grow substantially by 2050. Studies show that a combination of low-carbon approaches can cut transport emissions by 80% by 2050,”...


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EC Approves EUR 3.2bn Public Support for Battery Projects in 7 CountriesPhoto: bellona.org

EC Approves EUR 3.2bn Public Support for Battery Projects in 7 Countries

December 11, 2019 | Tanja Srnovršnik
Electricity | Transport | Energy policy | New technologies

The European Commission has approved an important project of common European interest (IPCEI) under EU State aid rules, which was jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries, said the Commission in a press release....


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ACER to Launch 3 Public Consultations on CEP Implementation on 6 January 2020Photo: www.pixabay.com

ACER to Launch 3 Public Consultations on CEP Implementation on 6 January 2020

December 10, 2019 | Tanja Srnovršnik
Electricity | Energy policy

The EU Agency for the Cooperation of Energy Regulators (ACER) will launch three public consultations on the implementation of the Clean Energy Package (CEP) on 6 January 2020. These consultations, which will be shorter than usual given the tight deadlines mandated in the regulations, will relate to the geographical scope of system operation regions, the methodology for identifying regional...


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Romanian Hidroelectrica Starts Procedures to Take Over ČEZ and Enel’s AssetsPhoto: www.pixabay.com

Romanian Hidroelectrica Starts Procedures to Take Over ČEZ and Enel’s Assets

December 10, 2019 | Tanja Srnovršnik
Electricity | Economy

Romania’s hydro power producer, Hidroelectrica, has started procedures to take over Romanian assets put up for sale by the Czech energy group ČEZ and Italian Enel. Hidroelectrica will seek its shareholders’ approval to hire consultants and legal counsellors for the prospective deals at an extraordinary meeting scheduled on 12 December, reported bursa.ro....


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