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Vision-Led Energy Transition: What BiH Can Learn from Greece
Greece ranks among Europe’s frontrunners in the development of renewable energy sources, with approximately 65% of renewables in its energy mix. For this reason, the country’s experience represents a valuable guideline for Bosnia and Herzegovina, which is only now entering…
EU countries increase 2030 solar goals by 90 per cent but grid planning trails
Despite being expected in summer 2023, EU member states have now finally submitted their draft updated National Energy and Climate Plans (NECPs). 26 of 27 countries have submitted, with Austria’s on hold indefinitely. The new plans are a draft update…
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…
Financial headwinds for renewables investors: What’s the way forward?
The impressive growth in clean energy investments in recent years has been led by renewable power. Annual spending on solar PV and wind projects has risen by more than USD 300 billion in the last five years, and now accounts…
Declining electricity consumption in advanced economies is weighing on global demand growth this year
EU electricity demand set to drop to lowest level in 20 years, but with global consumption expected to increase strongly in 2024, growth of renewables is more important than ever. Overall growth in electricity demand worldwide is expected to ease…
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…