EU agrees to spend billions to make grid crisis-proof

STRASBOURG, FRANCE - Europe's energy networks will receive a 4-billion-euro (US$5.3 billion) upgrade to make them more robust and flexible in future energy crises following a vote in the European Union assembly.

The project was launched after this winter's gas crisis left thousands of homes without heat, following a price row between Moscow and transit country Ukraine.

The plan to subsidize new power projects, gas pipelines and power cables aims to enable the 27 EU countries help each other during energy crises and to generate fresh employment for constructors and engineers in the face of recession.

The European Parliament had earlier voted to divert any unused funds from the project into energy efficiency program.

Related News

Drax Power Station

How the dirtiest power station in western Europe switched to renewable energy

LONDON - A power station that used to be the biggest polluter in western Europe has made a near-complete switch to renewable energy.

The Drax Power Station in Yorkshire, England, used to spew out millions of tons of carbon dioxide a year by burning coal. But over the past eight years, it has overhauled its operations by converting four of its six coal-fired units to biomass. The plant's owners say it now generates 15% of the country's renewable power.

The change means that just 6% of the utility's power now comes from coal. The ultimate goal is to stop using coal altogether.

"We've…

READ MORE

LNG powered with electricity could be boon for B.C.'s independent power producers

READ MORE

ottawa hydro

Ottawa sets out to protect its hydro heritage

READ MORE

pakistan nuclear energy

'Pakistan benefits from nuclear technology'

READ MORE

Abengoa, Acciona to start work on 110MW Cerro Dominador CSP plant in Chile

READ MORE