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Search Results for storage capacity
Clean energy is boosting economic growth
Clean energy is moving towards centre stage in the global energy system – and as its importance rises, a new clean energy economy is emerging. Clean electricity accounted for around 80 percent of new capacity additions to the world’s electricity…
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…
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…
Record Growth in Renewables, but Progress Needs to be Equitable
Renewable Capacity Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that 2023 set a new record in renewables deployment in the power sector by reaching a total capacity of 3,870 Gigawatts (GW) globally. Renewables accounted for…
NEW EU INVESTMENTS IN HYDROGEN INFRASTRUCTURE DEVELOPMENT
The European Commission has approved a joint project of seven member states called IPCEI Hi2Infra, a third important project of common European interest aimed at supporting hydrogen infrastructure. France, Germany, Italy, the Netherlands, Poland, Portugal and Slovakia participated in drafting…
Commission approves up to 6.9 billion euros for the third Important Project of Common European Interest in the hydrogen value chain
The Commission has approved, under EU State aid rules, a third Important Project of Common European Interest (‘IPCEI’) to support hydrogen infrastructure. This IPCEI is expected to boost the supply of renewable hydrogen, thereby reducing dependency on natural gas and…
Net-Zero Industry Act: Council and Parliament strike a deal to boost EU’s green industry
The Council and the European Parliament reached a provisional deal on the regulation establishing a framework of measures for strengthening Europe’s net-zero technology products manufacturing ecosystem, better known as the ‘net-zero industry act’ (NZIA). The regulation aims at boosting the…