Increase in electricity consumption through 2027 expected to average around 4% annually, driven by growing use for industry, air conditioning, electrification and data centres.
IEA's latest monitor shows wide variations in clean energy deployment among regions and technologies amid increased manufacturing capacity and declining costs.
With solar leading their rapid deployment, renewables are on course to meet almost half of global electricity demand by the end of this decade, a new IEA report says.
Wind and solar power have reached a share of 30% of European Union (EU) electricity generation, overtaking fossil fuels for the first time.
The world has added 50% more renewable capacity in 2023 than in 2022 and the next 5 years will see the fastest growth yet.
Global energy-related carbon dioxide emissions hit a record high last year, even as more clean technologies such as solar power and electric vehicles helped limit the impact of increased coal and oil consumption, according to the International Energy Agency (IEA). Scientists warn that energy users around the world must dramatically reduce emissions to slow the ill effects of global warming.
The energy transition is a central priority for ENGIE, both worldwide and in Romania.
OMV Petrom announced that starting this year, its sustainability reporting will be integrated into the company's Annual Report.
European Investment Bank and PGE Polska Grupa Energetyczna seal new financing agreement worth over €525 million.
Ingka Investments, the investment arm of the Ingka Group – the largest IKEA retailer, has inaugurated its first solar park in Poland, reinforcing the commitment to the renewable energy transition.
Hidroelectrica has signed a contract for the purchase of its first Li-ion battery energy storage system, which will be deployed at the Crucea Nord Wind Farm.
