European Commission
Construction has begun on the Celtic Interconnector project, uniting the electricity grids of Ireland and France through a 700MW submarine cable expected to be completed in 2026
A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia beneath the Baltic Sea have sustained damage, with suspicions of a deliberate act
The recently revealed data indicates that European gas storage levels have reached 90.12% of capacity, corresponding to more than 93 billion cubic metres of natural gas
According to the European Commission, achieving the goals of the Green Deal and REPowerEU will necessitate these investments, primarily sourced from private funding and Member States’ budgets
These measures involve the end of oil imports by pipeline for Germany and Poland
The President of the European Commission has urged world leaders to examine the implementation of global carbon pricing as a means to generate significant funding for climate finance
Europe is poised to exceed its target of annual manufacturing capacity in the photovoltaic sector, with more than 20 new projects in the pipeline
The European Commission plans to end the windfall levy on renewable energy sources as emergency measures to stabilize energy markets are no longer deemed necessary
European Commission President Ursula von der Leyen has emphasised the need for additional manufacturing capacity and secure access to critical minerals for a green transition
The European Commission has launched the AggregateEU mechanism, allowing European companies to register their gas purchase needs