The second list of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) has been published in the Official Journal of the European Union today. It outlines 235 selected cross-border energy infrastructure projects that will strengthen energy connectivity across the continent, bringing nearer the completion of the Energy Union. Once in force, in 20 days time, it […]
Regulations on charging measurements come into force in the EU
The amended Measuring Instruments Directive comes into force today, ensuring accurate and reliable measurements at electric vehicle charging points and hydrogen refuelling stations. The expanded directive sets out harmonised requirements to help manufacturers of this type of infrastructure achieve cost savings and roll out their networks more quickly, whilst empowering consumers by enabling more accurate […]
The Commission has approved a €5 billion Danish state aid scheme to support offshore wind energy
The European Commission has approved a €5 billion (DKK 37.6 billion) Danish scheme to support offshore wind energy, in line with the objectives of the Clean Industrial Pact. This measure will contribute to the transition to a net-zero economy and to the achievement ofthe EU-wide 2030renewable energy target. The programme was approvedunder the Clean Industry […]
Commission boosts energy interconnectivity across Europe
Last December 1, the Commission has granted 235 cross-border energy projects the status of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) – the second such list since its launch in 2023. The selected projects will be eligible to apply for EU financing from the Connecting Europe Facility and will benefit from expedited permitting and regulatory […]
Spain: EIB and Iberdrola agree a €700 million green loan for power grid expansion
The European Investment Bank (EIB) approved a €700 million green loan to expand Iberdrola’s electricity-distribution grid in Spain. An initial, €500 million tranche was signed in Madrid by EIB Director General for European Union Operations, Jean-Christophe Laloux, and Iberdrola Finance, Control and Corporate Development Director José Sainz Armada. The total investment under the project amounts […]
Electricity from renewable sources up to 41% in 2022
In 2022, renewable energy sources made up 41.2% of gross electricity consumption in the EU, 3.4 percentage points (pp) more than in 2021 (37.8%) and well ahead of other electricity-generation sources such as nuclear (less than 22%), gas (less than 20%) or coal (less than 17%). In total, renewable energy sources increased by 5.7% from […]
Council reaches agreement on parts of electricity market reform
The Council has agreed its stance (general approach) on a proposal for regulation on wholesale energy market integrity and transparency (REMIT). The proposal aims to support an open and fair competition in the European wholesale energy markets, by banning trading based on inside information and deterring market manipulation. The proposal on REMIT is part […]
European Commission proposes reform of the EU electricity market set-up
The European Commission proposes to reform the configuration of EU electricity markets to accelerate the growth of renewables and the phase-out of natural gas, reduce the dependence of consumer bills on volatile fossil fuel prices and better protect consumers against future prices. growth and potential market manipulation affect and make EU industry cleaner and more […]
Electricity from renewable sources increased by 5% in the EU in 2021
In absolute terms, the production of electricity from renewable energy sources increased by almost 5% from 2020 to 2021. However, also gross electricity consumption increased mainly due to economic recovery after lifting COVID-19 restrictions. As a result, the share of renewable energy sources in gross electricity consumption in the EU only increased by 0.1 percentage points (pp), from 37.4% in 2020 to […]