Investors in renewable energy sources are facing fresh obstacles at a time when the government is setting the development of the sector as a priority, with the Energy Ministry shifting its target regarding the share of RES in total energy production in 2030 from 31 percent, as provided for in the National Plan for Energy and the Climate, to 35 percent in the revised blueprint.
The European Commission is examining the possibility of turning Western Macedonia in northern Greece into an electrical energy storage center for the Balkans, in cooperation with the World Bank and companies that are seeking opportunities for the commercial development of unfledged or pilot technologies for energy storage.
Investing in reactors 3 and 4 of the Cernavoda nuclear power plant are not financially justified, and the subject is politically extremely sensitive, Johan Meyer, Franklin Templeton Investments CEO and Fondul Proprietatea portfolio manager told a news conference on Wednesday. Investing in reactors 3 and 4 makes no sense financially whatsoever.
In 2018, the nuclear power generated 2563 terawatt hours of electricity worldwide, which is up with 61 terawatt hours from a year earlier, according to the World Nuclear Association (WNA) Annual Nuclear Performance Report 2019.
The report will be formally presented and discussed during the WNA Symposium 2019 international event in London on September 5-6.