Energy | 23 January, 2025 at 8:52 PM
Solar surpasses coal in EU as renewables hit 47%
In 2024, photovoltaic energy surpassed coal in electricity generation across the European Union for the first time in history.
In 2024, photovoltaic energy surpassed coal in electricity generation across the European Union for the first time in history.
Aurora Energy Research has released its inaugural European Renewables Market Overview Report, projecting that intermittent renewable energy capacity in Europe will more than triple by 2050.
Wind energy was 20% of all the electricity consumed in Europe. But Europe is not building enough new wind farms.
SolarPower Europe (SPE) forecasts 65.5GW of solar PV additions in the EU for 2024, marking a significant slowdown compared to previous years.
The European Environment Agency (EEA) warned that Europe could face "catastrophic" situations if it does not assess the climate risks it is facing, many of which are already at a critical level.
In the past year, wind energy production in Europe surpassed that of gas-fired power plants for the first time.
The share of electric cars in the European car market exceeded, for the first time, the 20% threshold in August, according to the figures published by The European Automobile Manufacturers' Association (ACEA).
MEPs back plans to boost the use of renewable energy.
EIB to finance climate action projects in Chile with more than €300 million including its first green mortgage loan outside Europe.
China's CATL is building a factory in the eastern Hungarian city of Debrecen to produce batteries for electric cars, in a plant that will be one of the largest in its category in Europe.
Two-thirds of the decline in Russian natural gas supplies has been offset, mainly through increased purchases of liquefied natural gas (LNG) and a greater volume of pipeline gas from Norway, leaving Europe with more gas in storage than it needs to meet its end-of-winter demand.
In absolute terms, the production of electricity from renewable energy sources increased by almost 5% from 2020 to 2021.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
