Energy
Renewables were 24.5% of EU energy in 2023
In 2023, renewable energy accounted for 24.5% of the EU's gross final energy consumption, marking a 1.4 percentage point increase compared to 2022.
SolarPower Europe (SPE) forecasts 65.5GW of solar PV additions in the EU for 2024, marking a significant slowdown compared to previous years.
EBRD has approved a €90 million loan for Engie Romania, part of France's Engie Group, to refinance the acquisition of an operational wind farm.
In the first ten months of 2024, solar energy generated by photovoltaic installations reached 3.18 billion kWh, marking a 55.1% rise compared to the same period last year.
ABO Energy recently inaugurated a 20 megawatts solar farm in Hungary, after having connected it to the grid.
PPC Group has entered the Italian renewable energy market with the launch of two photovoltaic (PV) plants boasting a combined installed capacity of 32 MW.
Canada has taken a significant step in supporting Poland's energy transition, with Export Development Canada (EDC) issuing a letter of intent to provide up €1.37 billion in financing for Poland's first nuclear power plant.
The Ministry of Energy has announced a significant expansion in Hungary's solar power capacity.
Hidroelectrica has announced the completion of refurbishment works on Hydro Unit No. 5 (HA5) at the Stejaru Hydroelectric Power Plant.
Polish utility Tauron Polska Energia SA has inaugurated a 30-MW wind farm in Warblewo, located in the West Pomeranian province.
EDF Renewables has completed the acquisition of a second battery energy storage project in Poland, with a capacity of 120 MW.
Econergy Renewable Energy has announced that its subsidiary, Econergy UK, has secured €28 million in financing to support the development of the Iancu Jianu solar photovoltaic (PV) project in Romania.
Poland's Ministry of Climate and Environment, in collaboration with the National Economy Bank (BGK), will advance hydrogen investments under the National Recovery and Resilience Plan.
Alive Capital, a renewable energy company in Romania, has commenced construction of a modern photovoltaic power plant in Nanov, Teleorman County.
Education and skills are pivotal to the success of Europe's Clean Industrial Deal, particularly in addressing the rapid expansion of the wind energy sector.
PPC Energie has implemented an integrated solution for electricity production using photovoltaic panels and battery storage on a residential building in Bucharest's Sector 6.
Poland has committed €640 million from its National Recovery and Resilience Plan (KPO) to advance hydrogen technologies, marking a major step toward a greener economy.
Danske Commodities has entered trading and balancing agreements for the Polish offshore wind projects Bałtyk 2 and 3, marking its largest renewables deal to date.
PPC has finalized the acquisition of Evryo Group's renewable energy portfolio in Romania.
CATL announced that its battery plant in Debrecen, Hungary, will begin production in 2025 as scheduled.
The Romanian Ministry of Energy launched a grant program funded by the Modernization Fund.
Nala Renewables has initiated construction on its Green Breeze wind farm in eastern Romania.
Arctic Paper S.A. has announced the acquisition of a 4 MW solar park located near Warsaw, Poland.
Polish energy company Tauron Polska Energia SA has recently commissioned its 58.5 MW wind farm in Mierzyn, West Pomeranian province.
Ingka Investments, the investment arm of IKEA owner Ingka Group, has acquired the 62 MW Wysoka wind farm in Poland from OX2.
SPIE Energy Poland announced new projects at a time of major investment in Poland to support the energy transition.
In 2023, renewable energy accounted for 24.5% of the EU's gross final energy consumption, marking a 1.4 percentage point increase compared to 2022.
EU countries have updated their goals for the deployment of offshore renewable energy up to 2050 in each of the EU's 5 sea basins, with intermediate objectives to be achieved by 2030 and 2040.
Registrations of battery-electric cars declined by 9.5% to 130,757 units in November 2024.
Nuclearelectrica announced a €1.9 billion EPC contract with an international consortium to refurbish Unit 1 and extend its life by 30 years.
