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What is the Sun Tax and Why Some Countries “Punish” Their Prosumers?
There should be no obstacles for those who want to invest in renewable energy sources on the way to decarbonization of the energy sector. And yet, by introducing the so-called “sun tax”, certain countries discourage their current and future consumers…
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 of the energy transition: Energy security outlines…
Oil Demand Growing at a Slower Pace as Post-Covid Rebound Runs its Course
Global oil demand growoilth is currently in the midst of a slowdown and is expected to ease to 1.2 million barrels a day (mb/d) this year and 1.1 mb/d in 2025 – bringing a peak in consumption into view this…
Growing Number of Floating Solar Power Plants in Asia
Indonesia recently got the prototype of a marine floating solar power plant, writes Offshore Energy. The project called Solar2Wave is a milestone in developing solar energy in Indonesia, which has successfully overcome previous obstacles such as uncontrolled waves, bad weather…
German Onshore Wind Sees Record Auction Volumes, Permitting Improvements and Crucial New Port Investments
German onshore wind is going from strength to strength. In a blockbuster announcement the German Federal Network Agency Bundesnetzagentur (BNetzA) has just raised the onshore wind auction volumes for 2024 to almost 15 GW. To put this in perspective, that’s…
EBRD and Erste Approve Financing for new Windfarm in Serbia
The European Bank for Reconstruction and Development (EBRD), together with Erste Group Bank AG and its local bank Erste Bank a.d. Novi Sad (Erste), have approved a financing package worth 91.4 million euros for the construction of a new windfarm…
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 sources, such as solar and wind farms, is…