Renewable energy

Bulgaria's Constitutional Court (KS) is expected to revoke the 20% fee on the revenues of photovoltaic plants and wind farms.

The fee was introduced by Parliament in the beginning of 2014.

Experts have said the U.K. may take a step toward hydraulic fracking to extract shale gas, given the high economic cost of subsidizing renewable energy, as the new Cabinet also signals such a tendency.

The U.K.’s new energy and environment ministers have bluntly said they oppose renewable energy and favor hydraulic fracking for extracting shale gas instead.

Renewable energy producers have threatened to sue Bulgaria's energy watchdog due to its intentions to impose a dramatic reduction in preferential tariffs.

The decrease in the preferential tariff for wind farms is by 20-22% and for photovoltaic plants by over 50%, according to reports of the Bulgarian National Radio (BNR).

Bulgaria's energy watchdog DKEVR proposes a significant cut in the prices at which the energy from renewable sources is bought off.

The DKEVR report, publicly discussed on Monday, proposes a 20% decrease of the price of electricity from wind and between 50 and 60% cut of the solar energy prices. 

By Chryssa Liaggou

The energy sector was surprised at Enel’s eagerness to learn about Greece’s hydrocarbon surveys, as the bulk of the Italian firm’s activity is focused on the production, transmission and distribution of electrical energy from conventional and renewable sources.

The European Commission has decided to introduce restrictions to subsidies allocated by the bloc for production of energy from renewable sources.

EU's executive arms took the step on Wednesday in an attempt to push electricity prices down, the Irish Independent reported.

The EBRD is loaning Spain's EDP Renovaveis, a leader in the renewable energy sector, with 20 million euro to construct and run six solar photovoltaic parks generating a total of 50MW in the southern Romanian region of Oltenia.

A parallel facility costing 10 million euro will be provided by the Black Sea Trade and Development Bank, according to a statement released on Thursday.