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EBRD Lends EUR 20 Million to Upgrade Bosnia’s Electricity Transmission Grid

The European Bank for Reconstruction and Development (EBRD) is lending EUR 20 million to Elektroprenos-Elektroprijenos (also known as TransCo), Bosnia and Herzegovina’s transmission system operator, for the modernisation and upgrading of its...

Director Lorkowski Urges Reforms to Ensure the Electricity Sector in Bosnia and Herzegovina is Ready for CBAM

Director Lorkowski delivered opening remarks at the Energy Summit in Neum this week. In his speech, he underlined that the current global energy crisis strengthened the case for a rapid energy transition...

Montenegro adopts law guarding consumers and industry against energy market abuses

With the support by the Energy Community Secretariat, Montenegro has adopted a key piece of legislation on wholesale energy market integrity and transparency. The new law empowers the national regulator to monitor energy...

Surging Electricity Demand is Putting Power Systems Under Strain Around the World

Global electricity demand surged in 2021, creating strains in major markets, pushing prices to unprecedented levels and driving the power sector’s emissions to a record high. Electricity is central to modern life...

Renewable Electricity Growth is Accelerating Faster than Ever Worldwide, Supporting the Emergence of the New Global Energy Economy

The growth of the world’s capacity to generate electricity from solar panels, wind turbines and other renewable technologies is on course to accelerate over the coming years, with 2021 expected to set...

Secretariat Welcomes Start of Implementation of Day-Ahead Market in Montenegro

The Secretariat welcomes the start of the implementation of a day-ahead market in Montenegro. BELEN, the power exchange company of Montenegro responsible for the establishment of a national day-ahead market, signed today...

G7 Members Have a Unique Opportunity to Lead the World Towards Electricity Sectors With Net Zero Emissions

G7 members are well placed to fully decarbonise their electricity supply by 2035, which would accelerate the technological advances and infrastructure rollouts needed to lead global energy markets towards net zero emissions...

Global Electricity Demand is Growing Faster than Renewables, Driving Strong Increase in Generation From Fossil Fuels

Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing...

Albania, Montenegro and North Macedonia Procure Electricity Trading Platforms in the First Half of 2021

The National Electricity Market Operator of North Macedonia, MEMO, and the Montenegrin Power Exchange, BELEN, launched this week public tenders for the selection of a service provider for the operation of the...

North Macedonia’s Electricity Producer ESM Commits to Internal Carbon Pricing

North Macedonia’s state-owned electricity producer Elektrani na Severna Makedonija (ESM) has expressed its intent to design and implement an internal mechanism to price carbon emissions of its plants and operators by the...

Innovation and Market Reform Needed to Drive Japan’s Clean Energy Transition, IEA Policy Review Finds

New report notes Japan’s success in making its energy system more resilient and sustainable, but says reaching carbon-neutrality by 2050 requires quick action now. Japan will need to move quickly to make headway...

British Hills Could Soon Be Generating Electricity. Here’s How

Hillsides are hidden sources of power just waiting to be unlocked, according to a British renewable energy company.RheEnergise has developed a way to use hills as ‘batteries’ that create and store electricity for...

EBRD supports green transition of Poland’s electricity producer Tauron

Tauron Polska Energia, one of the largest energy firms in Poland, is moving from fossil fuels to renewable sources of energy with the support of the European Bank for Reconstruction and Development...

The Global Transformation of the Electricity Sector Requires Greater Efforts to Ensure Security of Supply

New IEA report offers recommendations for how to respond to evolving challenges for electricity systems from growth of variable renewable electricity, cyber threats and extreme weather events. The electricity sector, which plays a...

Can Electricity Decarbonize the Energy Sector?

The energy sector currently accounts for two-thirds of global carbon emissions; Expedited progress on energy efficiency and low-carbon sources in the energy mix is required to achieve deep decarbonization; As the...

Siemens Gamesa in Deal to Provide Clean Electricity to 240,000 People in Vietnam

Vietnam has some of the best wind resources in Southeast Asia. In an effort to tap the country’s potential and provide more clean energy to the country, Siemens Gamesa Renewable Energy will...

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