ECONOMY

Report: EIB’s Gas Investments Undermine EU’s Climate Goals

Date: 14.06.2019 Author: Tanja Srnovršnik
Report: EIB’s Gas Investments Undermine EU’s Climate GoalsPhoto: Energetika.NET

The European Investment Bank’s (EIB) financing of fossil fuel projects - in particular gas pipelines and LNG terminals - is not compatible with EU climate commitments or the aims of the Paris

Romanian OMV Petrom Invests EUR 50m in Gas Treatment Plant at Hurezani

Date: 14.06.2019 Author: Tanja Srnovršnik
Romanian OMV Petrom Invests EUR 50m in Gas Treatment Plant at HurezaniPhoto: OMV Petrom

The Romanian oil and gas company OMV Petrom has invested around EUR 50 million in the gas treatment plant in Hurezani, which is currently being tested and is expected to become fully operational in

North Macedonian ESM Sells EUR 4.18m of Baseload Electricity So Far in June

Date: 14.06.2019 Author: Peter Palčec
North Macedonian ESM Sells EUR 4.18m of Baseload Electricity So Far in JunePhoto: ACER

The North Macedonian energy utility ESM, until recently called ELEM, generated an income of EUR 4.18 million from the sale of baseload electricity in the first half of June, states a press release

Croatian HEP Considering the Issuing of Bonds

Date: 14.06.2019 Author: Peter Palčec
Croatian HEP Considering the Issuing of BondsPhoto: © European Communities, 2009

The Croatian state-owned power utility Hrvatska elektroprivreda (HEP) is considering the possibilities of obtaining additional financial resources on the domestic capital market by issuing bonds,

Swedish Northvolt Raises Funding for Europe’s First Gigafactory

Date: 14.06.2019 Author: Peter Palčec
Swedish Northvolt Raises Funding for Europe’s First GigafactoryPhoto: Pixabay

Northvolt, a Swedish supplier of sustainable battery cells and systems, has announced the agreement of a USD 1 billion (EUR 885.78 million) equity capital raising of funds to enable the establishment

BiH’s Elektrokrajina Signs Network Modernisation Agreement

Date: 13.06.2019 Author: Peter Palčec
BiH’s Elektrokrajina Signs Network Modernisation AgreementPhoto: www.pixabay.com

A contract for the reconstruction and improvement of the medium and low voltage network, worth EUR 957,549.56, has been signed between Elektrokrajina, the largest electricity distribution company of

Republika Srpska’s Višegrad HPP Generates 102.51 GWh of Electricity in May 2019

Date: 13.06.2019 Author: Peter Palčec
Republika Srpska’s Višegrad HPP Generates 102.51 GWh of Electricity in May 2019Photo: www.henadrini.com

Republika Srpska’s Višegrad hydropower plant (HPP) produced 102.51 GWh of electricity in May 2019, states an announcement on the website of the company Hidroelektrane na Drini, a company managing

Slovenian HSE Group Generated a Loss of EUR 11.8m in 2018

Date: 11.06.2019 Author: Valerija Hozjan
Slovenian HSE Group Generated a Loss of EUR 11.8m in 2018Photo: Roman Peklaj

The Slovenian energy utility Holding Slovenske elektrarne (HSE) generated revenues of EUR 1.471 billion (EUR 1.587 billion in 2017) and a loss of EUR 11.8 million in 2018. According to Stojan

Matteo Ballarin, Europe Energy: Disruption Leading the Way to the Energy Future

Date: 03.06.2019 Author: Alenka Lena Klopčič, Milan
Matteo Ballarin, Europe Energy: Disruption Leading the Way to the Energy FuturePhoto: Linkedin

“We want to break the rules and get out of the cage. We don’t want to hear what is and isn’t possible. We want to be an active player in Europe that brings changes and disruption,” said Matteo

Gazprom’s Gas Export to Europe Down 13% in Q1 2019

Date: 31.05.2019 Author: Tanja Srnovršnik
Gazprom’s Gas Export to Europe Down 13% in Q1 2019Photo: Gazprom

Russian Gazprom generated an operating profit of RUB 458.76 billion (EUR 6.3 billion) in the first quarter of 2019, down 1.9% compared to the same period in 2018. The volume of gas sold to Europe and

IRENA: RES Electricity Generation Cheaper Than Fossil-Fuelled Generation

Date: 31.05.2019 Author: Peter Palčec
IRENA: RES Electricity Generation Cheaper Than Fossil-Fuelled GenerationPhoto: arhiv Energetike.NET

In most parts of the world today, cost of all commercially available renewable power generation technologies declined in 2018. The global weighted-average cost of electricity declined 26% year-on-year

ACER: 12% of Gas IPs Congested in 2018

Date: 30.05.2019 Author: Tanja Srnovršnik
ACER: 12% of Gas IPs Congested in 2018Photo: Roman Peklaj

The number of congested gas interconnection points (IPs) in the EU increased from 17 (or 6.5% of the 262 IP sides) in 2017 to 31 (12.1% of the 255 IP sides) in 2018, said the Agency for the

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