Weekly HEG Global Energy Digest
Offshore construction begins on Trans Adriatic Pipeline project in Albania
Partners of the €4.5bn Trans Adriatic Pipeline (TAP) have commenced the construction works for the offshore part of the 878km natural gas pipeline in Albania.
The Trans Adriatic Pipeline, which is being laid between the Turkish-Greek border and Italy, will pass through the Adriatic Sea for 105km. It aims to deliver Caspian natural gas from the giant Shah Deniz II field in Azerbaijan to Europe.
The new natural gas pipeline will be linked to the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, from where it will cross Greece and Albania and the Adriatic Sea, before reaching the shores of Southern Italy.
As per the project schedule, the physical offshore pipeline installation is planned to be executed in 2019. Having broken ground in 2016, the Trans Adriatic Pipeline is expected to be commissioned in 2020.
In July 2018, the European Bank for Reconstruction and Development (EBRD) had approved up to €500m of loan for the construction of the Trans Adriatic Pipeline. In February 2018, the European Investment Bank approved a €1.5bn loan for the pipeline project, which is part of the larger $40bn Southern Gas Corridor project.
Article Source: https://www.energymarketprice.com/energy-news/offshore-construction-begins-on-trans-adriatic-pipeline-project-in-albania
EU approves €200m French state aid for renewable energy
The European Commission has approved a €200 million (£176m) scheme that supports electricity production from renewable energy sources for self-consumption in France.
The initiative is designed to encourage the production of green power by businesses and individuals for their own use, specifically for instances where only a limited part of the electricity they produce is sold to the grid.
The funding is available for small installations with a capacity between 100kW and 500kW – supporting the deployment of 490MW in total.
Those receiving the funding will be selected through tenders organised until 2020 and all renewable energy technologies can participate.
The Commission said the scheme will further the EU’s energy and climate objectives without distorting competition in the Single Market.
Commissioner Margrethe Vestager, in charge of competition policy added: “This scheme will stimulate competition between renewable energy sources for self-suppliers and will further increase the share of renewables in France’s energy mix. The technology-neutral tenders will contribute to France’s transition to low carbon and environmentally friendly sustainable energy supply, in line with the EU environmental objectives and our state aid rules.”
Article Source: https://www.energymarketprice.com/energy-news/eu-approves-%E2%82%AC200m-french-state-aid-for-renewable-energy