In IRENA’s Planned Energy Scenario at the global level, electricity system flexibility needs on a daily timescale are four times higher in 2050 than in 2019. In the weekly and monthly timescales, the energy required for the purpose grows by three and 2.5 times, respectively. As for the 1.5°C Scenario, implying a much higher share […]
Greece’s Ministry of Environment and Energy is reportedly nearing a final decision regarding a capital increase for Independent Power Transmission Operator. The state-controlled transmission system operator (TSO) needs EUR 1.1 billion to continue its investment projects. The government is said to be in favor of existing shareholders providing the funds. There were rumors earlier that […]
Volue’s new Chief Executive Officer Stephan Sieber is responsible for the expansion and transformation ahead, to unleash the company’s expertise across data and forecasting, trading, optimization and planning, and grid operations. “Volue turns complexity into advantage, and the momentum with our customers right now is just the beginning,” he stated. Norwegian electrification software maker Volue […]
Munir Hassan and Thomas Hamerl, partners in CMS’s world-leading energy practice, discussed the most significant developments in the renewable energy market for 2026 with Balkan Green Energy News. There is great potential for early movers in the segments of battery storage and ancillary services, according to Munir Hassan, global head of the energy and climate […]
The European Union is further simplifying the Carbon Border Adjustment Mechanism (CBAM), but with stricter oversight and an extension to 180 steel- and aluminium-intensive downstream products. From January 1, importers of designated goods and commodities will be paying the emissions tax. Among the novelties, countries in the Energy Community that transposed the relevant EU regulations […]
A careful and organized course is required to achieve the energy transition in Cyprus, support the industry and strengthen the economy, ensuring sustainable solutions for the country’s energy future, new Minister of Energy, Commerce and Industry Michael Damianos said. He took over from his predecessor George Papanastasiou. Five ministers were replaced in a cabinet reshuffle […]
Market conditions have become challenging for renewables in the CEE region, alongside uncertainties in the regulatory sphere, which calls for advanced and tailored financing solutions, according to participants in UniCredit Serbia’s workshop on navigating capital flows in the segment, including mergers and acquisitions (M&A). Investors, UniCredit’s clients, highlighted the growing importance of battery energy storage […]
Developers of cross-border energy infrastructure investments within the Energy Community or internal ones with significant cross-border dimensions can nominate them by January 19 within the selection process for projects of Energy Community Interest (PECI). In line with the Trans-European Networks for Energy (TEN-E) regulation, the mechanism is for electricity transmission and energy storage including protection, […]
Slovenian transmission and distribution system operator ELES and Italian transmission system operator Terna agreed to upgrade their cross-border electricity network in an investment of EUR 250 million. The project aims to increase the transmission capacity between the two countries by 600 MW, strengthening supply and trade. After a decade of coordination, ELES and Terna signed […]
Companies and, eventually, households will be able to participate in the Romanian flexibility services market, getting compensated for cutting their electricity use at a time scheduled one day earlier. The aim is to prevent power outages during peak loads in the transmission grid. The National Energy Regulatory Authority (ANRE) of Romania published a draft regulation […]
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