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RWE's full-year earnings jump 73% to EUR 6.3bnPhoto: Fatos Bytyci

RWE's full-year earnings jump 73% to EUR 6.3bn

March 21, 2023 | Nathan Witkop, Montel
Electricity | Economy

RWE earnings rose 73% last year to EUR 6.3bn amid more renewables generation, better margins and an especially good trading result during a year of turbulent energy prices, the German utility said on Tuesday....


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Legislative gaps may delay Bulgaria’s first floating solar plantPhoto: EBRD

Legislative gaps may delay Bulgaria’s first floating solar plant

March 20, 2023 | Yana Palagacheva
Electricity | Renewables | Energy policy

Germany’s Profine Energy intends to install 500 MW-1 GW of floating solar capacity at the Ogosta dam in north-western Bulgaria, but legislative changes are needed before construction can begin, an official source has told Montel....


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EC distributes 62% of free carbon allowances for 2023Photo: Montel

EC distributes 62% of free carbon allowances for 2023

March 20, 2023 | Nathan Witkop, Montel
Energy policy | CO2 emissions

The European Commission has distributed 62% of free allowances to industries entitled to them on the carbon market for this year, according to a status update released late on Friday....


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Slovenian utility developing EUR 2bn of energy investments – CEOPhoto: Energetika.NET archive

Slovenian utility developing EUR 2bn of energy investments – CEO

March 17, 2023 | Valerija Hozjan
Electricity | Renewables | Coal

The Slovenian power utility HSE is currently developing renewables and other energy projects representing EUR 2bn of investment, CEO Tomaz Stokelj said at an energy conference in Ljubljana on Wednesday....


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Kosovo unprepared for energy transition – think tankPhoto: Fatos Bytyci

Kosovo unprepared for energy transition – think tank

March 17, 2023 | Montel
Electricity | Renewables | Energy policy | CO2 emissions | En.vision

The energy sector continues to be one of the most problematic in Kosovo’s economy due to an overreliance on coal and a lack of vision for renewables development, a Pristina-based think tank said on Thursday....


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Montenegro mulls 33% windfall tax for firms with EUR 5m revenuesPhoto: Montel

Montenegro mulls 33% windfall tax for firms with EUR 5m revenues

March 17, 2023 | Maja Žuvela
Electricity | Energy policy | Economy

The Montenegrin government is considering a 33% corporate windfall tax for companies whose revenues exceeded EUR 5m in 2022 and 2023, which if adopted could be enacted this year....


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Brussels plans EU bank to support green hydrogenPhoto: Roman Peklaj

Brussels plans EU bank to support green hydrogen

March 17, 2023 | Siobhan Hall, Montel
Renewables | Energy policy | Economy

The European Commission plans to set up a Hydrogen Bank to support renewable hydrogen production in both the EU and internationally, it said on Thursday....


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EC wants 40% of net-zero technologies made in EU by 2030Photo: www.dnv.com

EC wants 40% of net-zero technologies made in EU by 2030

March 16, 2023 | Siobhan Hall, Montel
Renewables | Energy policy | CO2 emissions | New technologies | Economy

The European Commission wants the EU to make at least 40% of the strategic net-zero emission technologies it needs by 2030 to support its energy transition and supply security under draft rules proposed on Thursday....


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BiH to draft green hydrogen strategy soon – officialPhoto: Roman Peklaj

BiH to draft green hydrogen strategy soon – official

March 16, 2023 | Maja Žuvela
Electricity | Renewables | Energy policy | CO2 emissions | New technologies | Economy | En.vision

Bosnia and Herzegovina (BiH) will soon start preparing a green hydrogen strategy, Admir Softic, assistant minister at BiH's economic relations ministry, told an energy conference in the capital Sarajevo on Wednesday....


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EC drafts rules to secure raw materials for green transitionPhoto: prof. Marko Topič z UL FE

EC drafts rules to secure raw materials for green transition

March 16, 2023 | Siobhan Hall, Montel
Renewables | Energy policy | New technologies

Expected soaring EU demand for key raw material imports such as lithium and rare earth metals needed for the energy transition prompted the European Commission to propose rules to secure their long-term supply on Thursday....


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