Energy

Natural gas Türkiye discovered in the Black Sea is worth more than $500 billion and is large enough to supply all homes in the country with gas for 35 years, Energy and Natural Resources Minister Fatih Dönmez has said.

When the Biden administration greenlighted the $8 billion Willow oil project on Alaska's North Slope last month, many decried the move as a betrayal of the United States' pledge to move away from fossil fuels in the fight against climate change.

Solar potential in southern provinces is key to achieving steady renewable electricity growth, says a report by London-based energy think-tank Ember.

As the hydro-rich eastern Türkiye reeled from two droughts in five years, a surge in wind and solar helped cushion the blow, it said.

PPC Renewables on Tuesday announced it has won a tender by the Energy Regulatory Authority to develop a hybrid energy station of renewable energy sources (RES) in Astypalaea in the framework of an innovative program "Astypalea: smart and sustainable island".

The Ministry of Environment is set to approve a wind farm with 58 wind turbines in a pristine area of southern Skyros in the central Aegean.

However, the move has been met with the objections of the Natural Environment & Climate Change Agency (NECCA).

A new report by Global Energy Monitor and Bankwatch Network says Western Balkan countries will face difficulties in their plans for energy transition.

Greek Alternate Finance Minister Theodoros Skylakakis submitted a request to the European Commission for additional loan financing resources from the Recovery and Resilience Facility (RRF), amounting to five billion euros, in the context of REPowerEU.

European Union countries gave final approval on Tuesday to a key law to end sales of new cars emitting carbon dioxide emissions in 2035, after Germany won an exemption for cars running on e-fuels, Reuters reported.

Slovenia has secured an exemption from a voluntary EU target under which member states have pledged to continue reducing natural gas consumption until March 2024, a move the authorities say is vital for the country.

The Energy and Water Regulatory Commission will consider Bulgargaz's report on the price of blue fuel in April. The proposal of the public supplier is in the amount of BGN 103 per megawatt hour. This is a price that is nearly 3% lower than the one approved for March, writes Nova TV.

However, the final decision will be made on April 1.