February 13, 2025The Commission urges eight EU countries to expedite permits for renewables

Europe
The Commission urges eight EU countries to expedite permits for renewables

The European Commission urged Bulgaria, Spain, France, Italy, Cyprus, the Netherlands, Slovakia, and Sweden to comply with EU rules to accelerate permitting procedures for renewable energy projects. These rules, which should have been adopted by July 2024, aim to simplify processes and reduce timelines. The mentioned countries have not yet complied and could face legal action if they fail to do so within the next two months.

February 11, 2025VERBUND X Ventures invests in electrification fund Vireo Ventures to accelerate the energy transformation in Europe

Europe
VERBUND X Ventures invests in electrification fund Vireo Ventures to accelerate the energy transformation in Europe

VERBUND X Ventures, the corporate venture capital unit of Austria’s leading utility VERBUND, has made a strategic investment in Vireo Ventures, a European early-stage venture capital fund focusing on electrification and digitalization. This partnership underlines VERBUND’s continued commitment to fostering innovation in the energy sector through a targeted fund investment.

February 10, 2025The Baltic States achieve energy independence from Russia after synchronising their power grids with Europe

Europe
The Baltic States achieve energy independence from Russia after synchronising their power grids with Europe

Estonia, Latvia, and Lithuania have taken a historic step towards energy independence by fully disconnecting their electricity grids from Russia and Belarus, integrating instead with the European continental system. This move, supported by over €1.23 billion in EU funding, strengthens the region’s energy security and allows for greater integration of renewable energy sources.

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