Solar power generation is increasing more rapidly in Central and Eastern Europe than in any other region on the continent, outpacing the growth seen in wealthier and sunnier areas.
Ember estimates that 20% of global electricity generation across midday peaks on the solstice today will come from solar and in the entire month of June.
Last year marked a significant milestone as renewable energy surpassed 30% of the world's electricity generation for the first time.
In the past year, wind energy production in Europe surpassed that of gas-fired power plants for the first time.
Wind and solar energy reached a record high of 12% of global electricity generation in 2022. All renewable energy sources, including nuclear power, comprised 39% of global electricity last year. Meanwhile, EU countries are lagging behind with wind power expansion.
It is still a long way to embedding ESG principles into corporate culture, operations, and decision-making processes. That was the main takeaway from a panel at CEE ESG Forum 2024 organised by Property Forum and Green Forum in Vienna last November.
FAN Courier, a leading Romanian logistics company, has allocated an investment budget of 40 million euros for 2025, including in renewable energy.
DRI, the European renewables division of Ukrainian energy company DTEK, has successfully connected its 60MW Glodeni II solar park to the Romanian grid.
NXP Semiconductors N.V. announced that it has secured a €1 billion loan from the EIB to advance the company's RDI investments across its broad portfolio of semiconductor solutions.
EIB and Societe Generale have agreed on a new initiative which has the potential to unlock investment of up to €8 billion to support wind energy manufacturers in Europe.
