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Rapid rollout of clean technologies makes energy cheaper, not more costly
Speeding up the move to clean energy technologies improves the affordability of energy and can relieve pressures on the cost of living more broadly, according to a new IEA special report released...
EBRD is Supporting Renewable Investments in Romania
The European Bank for Reconstruction and Development (EBRD) is lending over 46 million euros as part of a 93 million euros financing package to build and operate a 102 MW onshore wind...
Sharp Declines in Critical Mineral Prices Mask Risks of Future Supply Strains as Energy Transitions Advance
Pressure eased in 2023 on the market for minerals that go into electric vehicles, wind turbines, solar panels and other clean energy technologies, as supply outpaced surging demand. But a new report...
Two Years of REPowerEU: Strengthening Europe’s Energy Resilience
In May 2022, the European Commission launched the REPowerEU Plan in response to war in Ukraine and its use of energy resources as an economic weapon. The Plan’s main objectives were to...
India is the Third Country in the World in Terms of Solar Energy Production
According to the latest global electricity survey of 80 countries published by the Ember think tank, India now occupies third place in the world regarding solar power generation, behind China in first...
The Position of the Bird’s Wings in Flight as a Solution for more Efficient Use of Wind Energy
Ambitious goals related to renewable energy sources and zero emissions require not only boosting the capacity of such sources and expediting infrastructure development but also improving existing and creating innovative technology. Energy...
ABB Opens Nnew EUR 20 Million Energy-Efficient Factory in Belgium
ABB has opened a new 20 million euros injection molding manufacturing site at Evergem, near Ghent in Belgium, to meet the growing demand for safe, smart and sustainable electrification solutions in Europe....
Rapid Expansion of Batteries Will Be Crucial to Meet Climate and Energy Security Goals Set at COP28
Growth in batteries outpaced almost all other clean energy technologies in 2023 as falling costs, advancing innovation and supportive industrial policies helped drive up demand for a technology that will be critical...
Azerbaijan launches first renewables auction
The Ministry of Energy of Azerbaijan, with the support of the European Bank for Reconstruction and Development (EBRD), has announced the country’s first renewable energy auction for a 100 megawatt solar power...
Szeged Introduces a Geothermal Energy District Heating System
The Hungarian Ministry of Construction and Transport recently announced the completion of the project for a new geothermal heating system in Szeged.
According to the Ministry’s announcement, six million euros have been invested...
Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030
The Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total increase of renewable energy capacity within their portfolios to 749GW by 2030*, an increase of...
Transition to Renewables Calls for New Approach to Energy Security
The transition away from fossil fuels to renewables requires a new interpretation of the concept of energy security, according to a new report by the International Renewable Energy Agency (IRENA) published today.
Geopolitics...
Schneider Electric: Digitization as the Key to the Energy Transition
The Schneider Electric Innovation Summit was once again a meeting place for the latest automation, electrification, and digitalization solutions. Representatives of numerous companies met in Paris, where Schneider Electric, a leader in...
MT-KOMEX BH – Regional actor for solar energy
After a hundred thousand solar panels were installed in Serbia, it was entirely natural for the company MT-KOMEX that the next step was to expand its business in the region. With significant...
Record Reduction of 2023 ETS Emissions due Largely to Boost in Renewable Energy
Last year’s emissions under the EU’s Emission Trading System (ETS) show the most significant annual emissions reductions since the ETS was launched in 2005. The main driver is the power sector’s significant...
Old Mines Can Be Used for Energy Storage
In addition to renewable energy production facilities being built left and right, the energy transition we are striving for also requires the construction of energy storage facilities since the efficiency of renewable...
