Energy | 25 January, 2024 at 11:07 AM
Renewables to make up one-third of total electricity generation by 2025
Renewables are set to make up more than one-third of total electricity generation by early 2025, overtaking coal.
Renewables are set to make up more than one-third of total electricity generation by early 2025, overtaking coal.
The Ministry of Energy and American Bio-Carbon Delaware LLC have signed a memorandum for the transformation of the Paroşeni Thermal Power Plant into a modern facility, which uses biofuel instead of coal.
About $2.8 trillion is set to be invested globally in energy in 2023, of which more than $1.7 trillion is expected to go to clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements, and heat pumps – according to the IEA's latest World Energy Investment report.
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.
Restart Energy's long-term goals center around driving significant growth in renewable energy production while embedding sustainability into every facet of our operations.
Allview Solar Energy announced the completion of a 410 kWp full EPC project, featuring a Growatt WIT-100A energy storage system, for Aqua Invest.
Actis-backed Rezolv Energy has secured up to €90 million in debt financing from the IFC - International Finance Corporation and Raiffeisen Bank International AG to support the construction of the ‘St. George's Solar Park in north-eastern Bulgaria.
Bog'Art, one of Romania's most important and recognized construction companies, is reinforcing its commitment to a sustainable future by publishing its first Sustainability Report.
Last year, there was the highest-ever increase in renewable energy jobs, with an 18% annual rise, a new report says.
