2021-05-25 12:15:00
WIND ENERGY FOR POLAND €22.5 BLN
ENERDATA - 25 May 2021 - The European Commission has approved Poland's €22.5bn support scheme for offshore wind, considering that it is line with EU state aid rules and will help the country meet its renewable energy targets. In January 2021, the Senate passed the offshore wind act, which governs the method of obtaining state support for developers interested in building offshore wind projects in the country. The new regulation introduces a bilateral two-sides contract for difference (CfD) in Poland, similar to the UK's CfD scheme, which will cover the difference between the market price of energy and the price enabling producers to cover the offshore wind production cost. Under this model, offshore wind power producers will receive a premium on top of market prices when the market price is below the reference price; when the market price is above the reference price, the producers will have to pay the difference to the States. In a first phase - until 2025 - the reference price for offshore wind projects will be set at PLN 319.6/MWh (€71.82/MWh). After 2025, the reference price will be set through open and competitive auctions, based on the respective bids. The scheme has a maximum budget of €22.5bn and will run until 2030.
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Earlier:
2021, May, 20, 13:50:00
EUROPE ENERGY TRANSITION FUND €17.5 BLN
20% of the funds should be directed to Poland, which accounts for over half of the EU's coal sector employees, followed by Germany (13%) and Romania (11%), provided the coal mining regions submit climate-friendly plans
2021, May, 19, 14:45:00
EUROPE'S GREEN ENERGY EUR1000 BLN
Foratom suggest the report can be a reference for policymakers when preparing national or regional low-carbon energy plans in the perspective of the EU Green Deal, that incorporates EUR1000 billion (USD1221 billion) of public and private investments planned to 2027.
2021, April, 23, 11:30:00
EUROPEAN CLIMATE LAW
which enshrines the EU's commitment to reaching climate neutrality by 2050 and the intermediate target of reducing net greenhouse gas (GHG) emissions by at least 55% by 2030,
2021, April, 14, 12:05:00
EUROPE NEED €150 BLN PER YEAR
The financing for the EU economic plan, agreed at 750 billion euros in 2018 prices, but totalling around 800 billion euros at current prices,
2021, April, 14, 12:00:00
EUROPEAN WIND INVESTMENT $51 BLN
The investments financed 19.6 GW of capacity that will be constructed in the coming years. Around 13 GW of this will be in the EU.
2021, March, 4, 11:45:00
U.S. NUCLEAR FOR POLAND $40 BLN
The USA now has 18 months to prepare both a technology and a financing offer to build nuclear power plants in Poland,
2021, February, 25, 12:10:00
EUROPE'S CLIMATE STRATEGY
Economic losses from more frequent climate-related extreme weather are increasing. In the EU, these losses alone already average over €12 billion per year.
