Tag: renewable energy

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...

Ecology Embassy in the Culture Street

In a Belgrade neighborhood, the so-called Culture Street, there is a completely new and dynamic combination of culture and ecology – the first solar cultural centre in Serbia and beyond, called Eko...

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...

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...

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...

WHY IS IT IMPORTANT TO IMPROVE ENERGY EFFICIENCY IN AFRICA?

Africa's population is growing faster than any other region worldwide, with electricity demand expected to increase by 75 per cent by 2030. To ensure that Africa is sustainable, the continent must have...

FUNDAMENTAL BUSINESS STRATEGIES TO A FASTER SUSTAINABLE DEVELOPMENT

Sustainable business is a relatively new, very sensitive and changing topic. Different companies throughout the supply chain and in different fields have different views of what is sustainable for them and what...

GERMANY: A FUSION POWER PLANT AS AN ALTERNATIVE TO NUCLEAR POWER PLANT?

Germany recognizes the need for renewable energy and has launched an ambitious plan called Fusion 2040 - Research on the Way to a Fusion Power Plant which goal is to finance and...

CROATIAN ENERGY MIX – RENEWABLE SOURCES EXCEED NON-RENEWABLES AND NPP KRSKO

The relevant January data showed that renewable energy sources in Croatia were the dominant source of electricity production compared to non-renewable ones. As usual, hydropower plants had the biggest share in renewable energy...

NORTH AFRICA’S RENEWABLE POTENTIAL AND STRATEGIC LOCATION REINFORCE ITS ROLE IN ENERGY TRANSITION

North Africa – Algeria, Egypt, Libya, Morocco, Tunisia, and Sudan – faces significant challenges due to climate change, which increasingly disrupts the region’s economies that rely on agriculture, fishery and tourism. Climate...

CROATIA GENERATED THE NEEDED POWER FROM RENEWABLE SOURCES FOR FOUR DAYS

In December 2023, Croatia made a significant step forward in generating electricity from renewable sources, which had a 19.5 per cent share in the total available electricity, excluding hydroelectric plants, thus ranking...

BALKAN SOLAR SUMMIT IN FEBRUARY IN BANJA LUKA

The Balkan Solar Summit will take place from February 7 to 9 in Banja Luka, in Banski Dvor. This top event is a unique opportunity to meet, network and exchange ideas with...

EBRD loan to support green initiatives in Bulgaria and Greece

The European Bank for Reconstruction and Development (EBRD) is providing a 60 million euros loan to Bulgaria’s ProCredit Bank to finance investments that mitigate the impacts of climate change and promote environmental...

Massive expansion of renewable power opens door to achieving global tripling goal set at COP28

The world’s capacity to generate renewable electricity is expanding faster than at any time in the last three decades, giving it a real chance of achieving the goal of tripling global capacity...

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