2020-09-01 14:40:00
GERMANY'S COAL COMPENSATION €40 BLN
ENERDATA - 1 Sep 2020 - The German federal government has signed an agreement with Länder on the €40bn in support to ensure a just transition for coal regions. Brandenburg, Saxony, North Rhine-Westphalia and Saxony-Anhalt will receive €14bn until 2038 for direct investments, while the federal government will provide another €26bn to implement further measures to strengthen locales economies. The law governing support payments for mining regions was adopted in July 2020.
In July 2020, the German coalition government has approved a €40bn compensation package for power utilities, which operate hard coal-fired power plants in the country and should shut them down by 2038 at the latest. Under the agreement, power utilities will benefit from compensations for switching their coal-fired power plants to gas, depending on the power plant's age and the conversion date, or for shutting them down by 2033.
The government also endorsed a €4.3bn compensation package for RWE, Uniper, EnBW, Vattenfall, Steag and LEAG, which operate lignite-fired power plants in the country. Before the contracting parties can sign, the Bundestag (lower house of the Parliament) must pass the coal exit law and approve the compensation package. Aid approval from the European Commission is also required.
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Earlier:
2020, August, 26, 12:40:00
GERMANY'S HELP €10 BLN
The German economy contracted at its steepest rate on record in the second quarter and the government is desperate to mitigate the effects of the pandemic as much as possible,
2020, August, 25, 14:05:00
GERMANY'S ECONOMY DOWN 9.7%
Germany's central bank expects household spending to drive a strong recovery in the third quarter
2020, August, 19, 12:10:00
GERMANY'S RWE RENEWABLE EMISSION $2.4 BLN
German utility RWE on Tuesday completed a 2 billion euro ($2.4 billion) share issue to back its expansion into renewable energy,
2020, August, 7, 13:45:00
GERMANY'S ENERGY WITHOUT COAL
The phase-out of coal-fired power generation in Germany is to be completed by 2038 at the latest
2020, July, 30, 12:10:00
GERMANY'S ECONOMY DOWN 10%
On the year, gross domestic product in Europe’s largest economy declined by 11.7% from April to June, seasonally adjusted figures from the Federal Statistics Office showed.
Chronicle:
2021, December, 7, 17:39:00
TRANSPORTATION OIL AND GAS CONGRESS, 21th-22th of February, 2022
Business and Technical Views On The Market At The Transportation Oil and Gas Congress 2022
2021, December, 7, 17:38:00
LEARN THE LATEST GLOBAL LNG TRENDS WITH LNGCON 2022
The next edition of the International LNG Congress (LNGCON 2022) takes place in Dusseldorf, Germany on March 28-30, 2022. Covering the whole LNG value chain, the Congress brings together decision makers of the industry to tackle the most relevant issues such as the role of LNG in the transition towards zero-carbon shipping.
2021, December, 7, 17:37:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2022
To learn more, join the upcoming high-level international investment conference Energy Week Central Asia & Mongolia 2022, which will take place on 26-28th April in Tashkent.
2021, December, 7, 17:36:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
2021, December, 7, 17:35:00
RENEWABLE ELECTRICITY FOR INDIA 8 GW
Power Grid Corporation of India Ltd (PGCIL), through its subsidiary Central Transmission Utility of India (CTU), had earlier filed a petition to execute power transmission infrastructures for up to 18.5 GW of renewables energy zones in southern India
2021, December, 7, 17:30:00
DUTCH RENEWABLES 5.2 GW
The proposals include 5,170 MW of renewable projects, of which 4,132 MW are solar PV projects, 243 MW geothermal projects and 151 MW biomass projects.
2021, December, 7, 17:25:00
WIND FOR SWEDEN
Sweden has currently around 200 MW of operational offshore wind capacity, on top of 9.8 GW of onshore wind capacity