Amundi Energy Transition (AET), the joint venture between Amundi (60%) and EDF (40%) announces that, after only one year of marketing*, it has raised more than EUR 500 million in equity capital from institutional investors to finance projects for energy transition among French regions and industries. The European Investment Bank for an amount of 50 million euros and Crédit Agricole Assurances are the leading investors.
The European Investment Bank (EIB – the EU bank) has provided a EUR 30m loan to finance the CHO Tiper renewable power generation plant developed by CHO Power, a Europlasma Group subsidiary. The project is also supported by InnovFin – Energy Demonstration Projects (EDP), a financial product developed under Horizon 2020, the European Union’s framework programme for research and innovation.
The European Commission has found German plans to grant reductions on an offshore surcharge to electro-intensive users and railways to be in line with EU State aid rules. The measure will contribute to the competitiveness of these companies without unduly distorting competition in the Single Market.
The Power of Heat Conference is the largest annual event for the cogeneration sector in Europe. It is organised by COGEN Europe in Brussels. The conference will focus on how cogeneration can play an important role in delivering energy savings, reducing CO2 emissions, creating jobs, boosting the competitiveness of European industry and facilitating the uptake of more intermittent renewables.
The European Commission has endorsed under EU State aid rules German plans to progressively apply renewable energy surcharges to certain self-suppliers of electricity. The surcharge reform will contribute to lower electricity bills for consumers, in a sustainable way for existing self-suppliers.
The following commentary was written by IEA Energy Investment Analysts Michael Waldron and Yoko Nobuoka.
COPENHAGEN– Denmark remains a global leader in decarbonising its economy and is on track to meet its ambitious goal of becoming a low-carbon economy by the middle of the century, according to the International Energy Agency’s latest reviews of the country’s energy policies.
The result of the vote on the adoption of the draft opinion is available.