Renewable energy commercialization

The government is distancing itself from the overambitious goals set by the European Union for the green transition, evaluating the effects on the growth of the Greek economy, the fiscal margins for the subsidies required to achieve these goals, and the endurance of households.

The World Bank has said it is providing $400 million in financing to help women and youth access jobs and economic opportunities being created by the green transition in Türkiye.

The City of Athens is spearheading an initiative with other municipal authorities in the Attica region that will allow them to negotiate special rates with energy suppliers as a single corporate customer.

Additionally seeking to promote power production through renewables, the so-called Athens Energy Alliance already has eight members, with four more mulling entry into the scheme.

Bulgarian Ministers Rumen Radev of Energy and Assen Vassilev of Finance recently engaged in high-level talks with US Secretary of Energy Jennifer Granholm in Washington, D.C., focusing on critical energy issues. The meeting underscored the importance of bilateral cooperation in nuclear technology, energy diversification, and enhancing energy security.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic signed on Friday a MoU with China's Shanghai Fengling Renewables Co Ltd and Serbia Zijin Copper doo Bor on investments in renewable energy sources.

The European Commission has approved a €150-million Greek scheme to support energy-intensive companies facing increased energy costs in the context of Russia's war against Ukraine.

China's carbon emissions are likely to fall in 2024 because record growth in renewable energy capacity is now sufficient to cover growing demand, a new analysis finds.

China is the world's largest greenhouse gas emitter and has brushed aside calls for a more ambitious carbon neutrality target than its current 2060 goal.

Mytilineos and SmartestEnergy Australia have signed a long-term power purchase agreement (PPA) for the 40-megawatt Kingaroy Solar Farm in Queensland, Australia, the listed group announced.

Türkiye's installed solar power capacity has exceeded 10,000 MW, according to Energy and Natural Resources Minister Fatih Dönmez.

"This happened thanks to investments made in solar power in the recent years. The pace of investments suggest that installed capacity will rise further in the upcoming period," he said, speaking at an event in the province of Eskişehir.

The conclusions from the energy crisis put the debate on the energy transition on a more realistic basis at the European level and within the country.

The request for a total redesign of the energy market, which will take into account the new data and the real dimensions of the problem, is shared both by the companies active in the sector and by the management bodies.