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EU Solar Set to Save Additional 4.6 BCM Gas in 2022
As the European Commission launches its solidarity action to reduce gas consumption this winter, SolarPower Europe reveals the bloc is set to exceed even the highest projections of solar power generation in 2022. Around 39 GW of additional EU solar…
UK Government Boosts Space Tech Funding To Cut Carbon Emissions And Improve Energy Security
Funding for pioneering new space technologies will help to cut carbon emissions, improve energy security and enhance the UK’s reputation as a science superpower, the Business and Energy Secretary Kwasi Kwarteng announced today. Three million pounds of grant funding will…
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 wind fell by 15 per cent, offshore wind…
Energy Community Power System Can Support at Least 30 GW of Renewables Without Additional Investments Into Flexibility
As the energy transition advances in the Energy Community Contracting Parties, the share of power generation from variable renewables such as wind and solar will increase manyfold. The Energy Community power system with currently planned investments until 2030 can integrate…
Wind Farm Crni Vrh Worth EUR 100 Million One Step Closer To Construction
The wind farm Crni Vrh, which will be located on the tripoint between Zagubica, Bor and Majdanpek, is a step closer to construction. The carrier of the project, “CRNI VRH POWER” d.o.o. Zagubica, has filed the request for giving approval for…
Shell to Build Europe’s Largest Renewable Hydrogen Plant
Shell, the Anglo-Dutch oil and gas company, plans to build Europe’s largest green hydrogen plant in Rotterdam, which will become operational in 2025, the energy giant announced on Wednesday (6 July). According to a statement by Shell, the new hydrogen…
EBRD and EU to Support Transition to Solar Energy in North Macedonia
Decarbonisation plans in North Macedonia are taking a big leap forward. The European Bank for Reconstruction and Development (EBRD) is lending EUR 25 million to ESM, the state-owned electricity company, to build a 30 MW photovoltaic (PV) project consisting of…