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Can EU Recovery Plan Prevent EU Utilities’ Investments Falling by 15% This Year?

Date: 26.05.2020 Author: Tanja Srnovršnik
Can EU Recovery Plan Prevent EU Utilities’ Investments Falling by 15% This Year?Photo: Energetika.NET archive

Utilities have seen a significant impact on their revenues amid plummeting electricity demand, moratoria on bills, and low electricity prices due to COVID-19. This year, investments by utilities are

Slovenian Petrol Group’s Net Profit Up 20% in Q1 2020; 2020 Business Plan Will Not Be

Date: 25.05.2020 Author: Peter Palčec
Slovenian Petrol Group’s Net Profit Up 20% in Q1 2020; 2020 Business Plan Will Not Be AchievedPhoto: Petrol

The Slovenian Petrol Group generated an adjusted gross profit of EUR 105.3 million in the first quarter of 2020, which is at the same level as in 2019. The Petrol Group’s net profit amounted to EUR

Companies That Use the New Sustainable Economic Model Are More Successful

Date: 25.05.2020 Author: Peter Palčec
Companies That Use the New Sustainable Economic Model Are More SuccessfulPhoto: Roman Peklaj

“The coronavirus pandemic has shown the vulnerability of our current economy model. Our economy was already becoming unstable again even before the crisis, according to some analyses. Now the

EC Recommends That EU States Focus Recovery Investments on Green Transition

Date: 22.05.2020 Author: Tanja Srnovršnik
EC Recommends That EU States Focus Recovery Investments on Green TransitionPhoto: Roman Peklaj

The European Commission proposed country-specific recommendations (CSRs) on Wednesday which provide economic policy guidance to all EU member states in the context of the coronavirus pandemic. The

COVID-19 Might Cause a Slight Dent in EV Sales, But Long-term Outlook Remains Bright

Date: 22.05.2020 Author: Tanja Srnovršnik
COVID-19 Might Cause a Slight Dent in EV Sales, But Long-term Outlook Remains BrightPhoto: MZOE

Despite the crisis, electric car sales could reach a record share of the overall car market this year, said the International Energy Agency (IEA), adding that “it is quite possible that global

Slovenian GEN-I Group Posts Lower Sales Revenue and Record High Net Profit for 2019

Date: 21.05.2020 Author: Tanja Srnovršnik
Slovenian GEN-I Group Posts Lower Sales Revenue and Record High Net Profit for 2019Photo: Andreja Šalamun

The Slovenian GEN-I Group reported a sales revenue of EUR 2.2 billion in 2019, down 6.5% from 2018. Meanwhile, its net profit topped EUR 15 million for the first time in the group history with EUR

IEA: Renewables Face First Annual Decline in 20 Years

Date: 21.05.2020 Author: Tanja Srnovršnik
IEA: Renewables Face First Annual Decline in 20 YearsPhoto: pixabay.com

The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year because of the impact of the COVID-19 crisis, marking the first annual

Avalanche of Insolvencies Expected Once Moratoriums Expire

Date: 21.05.2020 Author: Tanja Srnovršnik
Avalanche of Insolvencies Expected Once Moratoriums ExpirePhoto: Roman Peklaj

An “avalanche” of bankruptcies of small and medium-sized energy companies is expected over the coming year once the current moratoriums expire and companies struggle to balance the books amid

Romanian Hidroelectrica Signs IPO Consultant Deal

Date: 21.05.2020 Author: Peter Palčec
Romanian Hidroelectrica Signs IPO Consultant DealPhoto: www.pixabay.com

Hidroelectrica, the largest producer of electricity and the most profitable state-owned company in Romania, has signed a contract worth EUR 955,000 with the company STJ Advisors for consulting

Romania’s Romgaz to Invest EUR 3.2bn by 2025

Date: 20.05.2020 Author: Peter Palčec
Romania’s Romgaz to Invest EUR 3.2bn by 2025Photo: Energetika.NET

Romania's state-controlled gas company Romgaz plans to invest around RON 15.7 billion (EUR 3.2 billion) by 2026, according to the company's investment strategy that needs to be endorsed by

Romanian Hidroelectrica Plans to Build 600 MW of Wind Capacities by 2026

Date: 19.05.2020 Author: Tanja Srnovršnik
Romanian Hidroelectrica Plans to Build 600 MW of Wind Capacities by 2026Photo: WindEurope

Hidroelectrica, the largest electricity producer in Romania, has prepared an investment strategy which foresees investments worth RON 26 billion (EUR 5.37 billion) up to 2037. Onshore and offshore

Big Risk of a Further Gas Price Drop This Summer

Date: 19.05.2020 Author: Tanja Srnovršnik
Big Risk of a Further Gas Price Drop This SummerPhoto: Plinovodi

European gas demand is expected to be 1-2% lower in 2020 compared to 2019. With already record high storage levels, there will be less need for injections this summer. If the prices of LNG are not


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