An informal meeting of EU energy ministers will take place in Sofia on 19 April 2018. The motto of the meeting, which will be chaired by Energy Minister Temenuzhka Petkova, is “Sustainable Energy Union with a forward-looking climate change policy”. This is the first informal meeting of the energy ministers within the framework of the Bulgarian Presidency of the Council of the EU.
Marking the first visit by a Saudi energy minister to the International Energy Agency, H.E. Khalid A. Al-Falih, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources met with the Agency’s Executive Director, Dr Fatih Birol, at the IEA Headquarters in Paris yesterday, to discuss global oil market developments and IEA-Saudi co-operation.
A new highly-efficient silicon-based multiple solar cell has been developed in the labs of researchers partially funded by the INEA-managed Horizon 2020 Nano-Tandem project. The new cell can convert exactly one-third of the incident sunlight into useful electricity. This newest result is now published in the renowned scientific magazine Nature Energy.
Valmet Oyj of Finland has signed a EUR 45 million loan agreement with the European Investment Bank to partially finance its upcoming RDI programme, aimed at developing cost-efficient solutions to improve the productivity and operational performance of industrial processes including energy and raw material efficiency and to lower customers’ investment and operational costs. Valmet’s automation business line will carry out most the activities in Finland, safeguarding highly specialised jobs in the country.
Together, energy efficiency and renewable energy will need to deliver more than three quarters of the emission reductions needed in the next decades to reach global climate targets. To achieve this goal, these technologies will need to be deployed much faster than they are now, requiring a more integrated approach between energy efficiency and renewables.
THE HAGUE – Dr Fatih Birol, the Executive Director of the International Energy Agency, was in The Hague for an official visit today, joined by Mr Noé van Hulst, the Dutch Ambassador to the OECD and Chair of the IEA Governing Board.
The agenda includes items in energy & climate and environment, transport, trade, food & drink and digital policy.
Energy bills for companies across Greece will be reduced by new energy efficiency investment backed by a new EUR 100 million initiative by the European Investment Bank and Piraeus Bank. Under the scheme dedicated financing for new investment to reduce energy consumption by small-scale energy users will be provided across the country. Technical and financial expertise gained from energy efficiency investment programmes elsewhere will be used to strengthen new projects in Greece.