The amount of electricity produced from burning fossil fuels in the European Union is set to plunge this year as the bloc focuses on renewables to replace energy supplies from Russia. Total fossil generation could drop by 20% this year, with relatively expensive natural gas-fired generation falling the fastest, according to Ember, a UK-based energy [...]
World leaders gathered in Sharm el-Sheikh for the climate implementation summit on 7-8 November to kick off the 27th United Nations climate change conference (COP27). The EU was represented by European Council President Charles Michel and European Commission President Ursula von der Leyen. During his address to the COP27 plenary, President Michel stressed the [...]
Nations have agreed to protect a third of the planet for nature by 2030 in a landmark deal aimed at safeguarding biodiversity. There will also be targets for protecting vital ecosystems such as rainforests and wetlands and the rights of indigenous peoples. The agreement at the COP15 UN biodiversity summit in Montreal, Canada, came early [...]
In the third quarter of 2022, Danish Nordic Solar, which builds and operates solar parks throughout Europe, has increased its revenue by 55 per cent and EBITDA by 63 per cent compared to last year. The solar energy company has already achieved its objective for the whole of 2022 of a pipeline of projects of 1,750 MWp. During the past quarter, Nordic Solar has, among other things, focussed on commissioning a solar park in Lysabild with a special focus on biodiversity and plans to establish more solar parks based on the same model. Nordic Solar maintains its financial expectations for 2022.
Renewable power capacity is increasing globally in response to energy decarbonisation, with solar photovoltaic (PV) projected to be the dominant renewable. A significant proportion of solar PV is deployed as groundmounted solar parks with potential implications for the hosting ecosystem. Given their relatively rapid introduction, the impacts on land use and the local environment are poorly understood.
Nordic Solar A/S is establishing a new large solar park in Højby, which will focus on biodiversity and will set a precedent for future solar parks in terms of the surrounding nature. Denmark is in urgent need of more solar energy, and Odense Municipality is pleased that the solar park will contribute to meeting the Municipality’s ambitious climate action plan.
Taking into account the crisis processes in the global energy sphere and the audience’s interest in studying this issue, GOLAW invited the leading energy expert Markus Mårline – a lawyer, partner of the Swedish law firm Advokatbyrån Sigeman & Co, to talk about the Swedish electricity market, its prospects and challenges. Source: lexology.com Read [...]
The crisis has demonstrated the urgent need to boost supplies from every source Right up until the first shots of World War 1 were fired, many Europeans did not believe that a conflict between the Great Powers was possible. The ties of trade, investment and culture, and even the close family connections between the monarchies [...]
Oil and gas companies will have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday (12 September). Source: euractiv.com Read the whole article here
With the European Commission having called an Extraordinary Energy Council meeting, Nord Pool has some concerns around the Commission’s proposal to establish a price cap for inframarginal technologies in coupled electricity markets. While it is reassuring that the Commission ruled out disruptive measures such as full market suspension, as a leading European energy market we [...]