Energy Transition

South Korean company Korea Electric Power Corp (KEPCO) announced plans to reduce investment in renewable energy sources, Yonhap reported. KEPCO plans to reduce investments in renewable energy over the next five years amid a deteriorating financial situation. Six KEPCO subsidiaries, including Korea Energy and Korea East-West Power, will cut their investments in renewable energy by …

South Korea Cuts Investment in Renewable Energy Sources Read More »

Germany will temporarily suspend the phase-out of two nuclear power plants to bolster energy security after Russia cut off gas supplies to Europe’s largest economy, the Guardian reported. Economics Minister Robert Habeck announced that the Neckarwestheim power plants in Baden-Württemberg and Isar 2 in Bavaria would run longer than planned, so they could be used …

Germany To Delay Phase-out of Nuclear Power Plants Read More »

A failing domestic power grid stands between the U.S. and its climate commitments, Hailey Zaremba wrote in an OilPrice analysis. The author reports that in many parts of the U.S., primarily in Texas, California, and the Southwest, renewable energy plants produce enough “clean” energy to be shared with other regions, but there is no way …

Outdated Power Grids Could Prevent U.S. From Switching to Green Energy Read More »

The amount of natural gas consumed in Bulgaria in 2019 was 30 465 GWh, a 3,79% reduction from the amount consumed in 2018. (31 663 GWh). According to information from the National Statistical Institute’s global energy balance sheet for 2018, natural gas accounted for 13.8% of primary energy consumption and 14.7% of total fuel and …

TIBIEL a Strong Player in the National and Regional Natural Gas Segment Read More »

The European Commission will introduce an emergency tool to curb electricity prices next week, The Daily Telegraph reported. The head of the European Commission, Ursula von der Leyen, said that Brussels is preparing emergency measures to intervene in the electricity market, and is also working on a structural reform of the energy market against the …

European Commission Prepares Emergency Measures To Reduce Electricity Prices Read More »

The Swiss government has launched a campaign calling on residents and businesses to voluntarily save energy and energy reduction amid the threat of gas and electricity shortages. “The Federal Council has decided on numerous measures so that Switzerland can quickly increase its energy supply in preparation for winter. Launched today under the slogan “Energy is …

Switzerland Launches Voluntary Energy Reduction Campaign Read More »

The German branch of the environmental NGO Greenpeace acknowledged that in the context of the European fuel crisis, the return of Germany to the use of coal-fired power plants for energy generation has become inevitable, the eco-activists said in a statement. “[We] are sad that already mothballed coal-fired power plants are being reconnected to the …

German Branch of Greenpeace Says Return to Coal Is Inevitable Read More »

Denmark, together with other countries of the Baltic Sea, is committed to increase the capacity of wind power farms (WPP) in the region by 7 times by 2030 and bring it up to 20 GW. This was reported by the newspaper Politiken with reference to the draft agreement, which will be presented at the residence …

Denmark and Other Baltic Sea Countries Want To Increase Wind Power Generation Read More »

The Economics Committee of the Estonian Parliament (Riigikogu) has approved a draft law on the organization of energy management for the complete transition of the country to renewable energy by 2030, the press service of the Parliament said. The commission sent the bill to the Parliament, which is due to discuss it in the first …

Estonia Looks To Achieve 100% Energy Consumption From Renewable Energy Sources Read More »

Renewable energy will account for more than 50% of China’s total energy consumption growth by 2025, and wind and solar will double by 2020, further accelerating China’s carbon emissions target, the Global Times reported. Director General of New Energy and Renewable Energy Department of China National Energy Administration (NEA) Li Zhuangjun said during the carbon …

China Aims to Double Renewable Energy Production by 2025 Read More »