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Tag: renewable energy
Tripling Renewables by 2030 Requires a Minimum of 16.4 Per Cent Annual Growth Rate
The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest-growing source of power, the world risks missing the tripling renewables target...
New UK Government plans big push on wind
The UK’s new Labour Government has great ambitions for accelerating the deployment of wind energy, both onshore and offshore. To deliver on their new goals they will need a massive overhaul of...
First-Ever Global Renewables Summit Announced to Drive Action to Triple Renewable Power by 2030
The Global Renewables Alliance (GRA) and Bloomberg Philanthropies, in partnership with the governments of Barbados and Kenya, the European Commission, the COP28 and COP29 Presidencies, the International Energy Agency (IEA), the International...
ABB Investing 35 Million Dollars in New U.K. Earthing and Lightning Protection Factory
Lightning strikes and electrical surges disrupt critical operations and cause billions of dollars in damage to structures and equipment each year. With growing reliance on electronics and data centers, ABB is investing...
Renewables and Grid Flexibility Would Slash Electricity Prices by a Quarter by 2030, by a Third by 2040
Boosting renewables, electrification and flexibility would structurally ease electricity costs for consumers, increase European competitiveness, and reinforce the business case for solar.
New modelling shows that electrification and flexibility can slash average day-ahead...
Progress on Basic Energy Access Reverses for First Time in a Decade
A new report by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the United Nations Statistics Division (UNSD), the World Bank, and the World Health Organization (WHO), released today,...
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...
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...
With the Novaston Team, Schneider Electric has LEED Platinum Certification
The InGrid office building of the company Schneider Electric recently received LEED Platinum certification. The entire certification process, from the very beginning of implementation to realization, was led by the Novaston Project...
How Can the Collision of Salt and Fresh Water Create Electricity?
Estuaries are places where freshwater river and saltwater marine ecosystems meet. They are important for biodiversity, as they are home to many species of plants and animals that have adapted to the...
Surging investment in manufacturing of clean energy technologies is supporting economic growth
Booming investment in the manufacturing of clean energy technologies, especially solar PV and batteries, is becoming a powerful economic driver globally, creating new industrial and employment opportunities, according to a new report...
Green Bonds for Financing the Development of Environmental Projects
Green bonds are a relatively young financial instrument dating back just over 15 years. In 2007, the European Investment Bank (EIB) issued these securities for the first time. Green bonds are debt...
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...
