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Renewables Competitiveness Accelerates, Despite Cost Inflation
The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil...
Declining electricity consumption in advanced economies is weighing on global demand growth this year
EU electricity demand set to drop to lowest level in 20 years, but with global consumption expected to increase strongly in 2024, growth of renewables is more important than ever.
Overall growth in...
Watts to Wheels: Why EV-Battery Innovation is Key to Sparking a Renewable Revolution
Increasing the uptake of electric vehicles (EVs) is a fundamental part of accelerating the renewables-based energy transition and getting us onto the 1.5°C pathway. The uptake of EVs holds the potential to...
Oman’s Quest for Net Zero: A Renewable Hydrogen Strategy
In a groundbreaking move, Oman is gearing up to become a global leader in the renewable hydrogen industry. This information is outlined in a new report by the International Energy Agency (IEA)...
Renewable power on course to shatter more records as countries around the world speed up deployment
Global additions of renewable power capacity are expected to jump by a third this year as growing policy momentum, higher fossil fuel prices and energy security concerns drive strong deployment of solar...
THERE IS NO ALTERNATIVE TO RENEWABLE ENERGY
According to some estimates, the usage of RES (renewable energy sources) will cover 70–80 per cent of all humanity’s energy needs by 2050. Although the most important purpose of using RES is...
Energy Efficiency and Renewables are Instrumental for Countries in the Greater Horn of Africa to Provide Energy for all
Energy infrastructure in the greater Horn of Africa has struggled to keep pace with a fast-growing population, creating a formidable hurdle for the region’s buoyant economies that can best be overcome through...
Power-sector Emissions are Set to Fall in 2022. – Thanks to Renewable Energy
Since Russia’s invasion of Ukraine triggered an unprecedented global energy crisis, the world has been turning to other sources of power, besides oil and gas, to meet demand.
Renewable energy has seen a...
EBRD Helps Montenegro to Scale Up Investments in Renewables
Montenegro plans to increase the share of renewables in its energy mix with a comprehensive programme of renewable energy auctions that will bring private investment into the sector.
The European Bank for Reconstruction...
EBRD Loans USD 100 Million to Boost Renewables in Turkey
The European Bank for Reconstruction and Development (EBRD) is extending up to USD 100 million in financing to Adnan Polat Enerji Yatirimi A.S. (APEY) as part of a financing package jointly provided...
Energy Security: France Takes Emergency Measures to Boost Renewables
France gets around 20 per cent of its electricity from renewable sources – 8 per cent from wind energy, but it needs more to meet its climate goals while reinforcing energy security....
By the End of 2022, Serbia Will Have Three Times More Electricity From Solar Sources
This year, Serbia will have three times more electricity produced from solar panels, thanks to the simplified procedures and subsidies of this ministry, stated the State Secretary of the Ministry of Mining...
Mihajlovic: It is realistic that electricity will become more expensive, we have prepared a regulation for vulnerable population
Minister of Mining and Energy Zorana Mihajlovic said that she expects the price of electricity for citizens to rise and that the Regulation on energy-vulnerable customers has been prepared, which will help...
Development of the Electricity Network as a Key to a Greater Regional RES Integration
This process is unstoppable in developed countries, but despite the odds and good preconditions we have in this region to a more active approach to green transformation, the process is moving insignificantly....
Montenegro Introduces Auctions for Renewable Energy Sources
Montenegro plans to increase the share of renewables in its energy mix with a comprehensive programme of renewable energy auctions that will bring private investment into the sector.
The European Bank for Reconstruction...
Renewable Power Remains Cost-Competitive amid Fossil Fuel Crisis
Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs. The cost of electricity from onshore...
