Energy | 11 September, 2023 at 9:08 AM
Electricity market needs new rules to integrate green energy
The electricity market needs new operating rules to integrate green energy and reach the net zero goal, a PwC report shows.
The electricity market needs new operating rules to integrate green energy and reach the net zero goal, a PwC report shows.
The production of green energy must increase eight times, to achieve global climate neutrality by 2050, according to a PwC analysis.
Sales of battery electric vehicles (BEVs) in the key European markets rose by 28% in 2022 from the previous year while global BEV sales grew by 70% year-on-year in 2022. It is estimated that electric vehicles beat internal combustion vehicles in terms of total cost of ownership, even at current electricity prices, according to PwC.
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.
Wind energy was the top source of electricity production last night, contributing nearly 27% of the total.
Qualitas Energy announced today the acquisition of a 117 MWp solar portfolio in Poland.
The Romanian Ministry of Energy is set to allocate an additional €150 million for electricity storage batteries.
Ensys Group, a key player in Romania's photovoltaic systems sector, is set to launch a green hydrogen production plant in Bihor County.
