Tag: the European Union (17 articles)

Energy   |   3 January, 2025 at 6:50 PM

EU hits 24.5% renewables, targets 42.5% by 2030

The EU reached a 24.5% share of its gross final energy consumption from renewable sources in 2023, around 1.5 percentage points (pp) higher than in 2022 and almost 3 times higher than in 2004 (9.6%).

Finance   |   20 November, 2024 at 8:16 PM

EU leads the way in green finance

The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.

Mobility   |   28 April, 2023 at 8:30 AM

One in five cars sold this year to be electric

Electric cars will represent almost a fifth of the global market in 2023, according to the report of the International Energy Agency (IEA), dedicated to electric vehicles (EV). Sales of electric vehicles are expected to rise by 35% this year, reaching 14 million units, representing 18% of the market - up from just 4% in 2020.

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Mobility

EV market surges in early 2025

Battery-electric vehicles (BEVs) accounted for 15.2% of the EU market share as of February 2025, marking a significant rise from 11.5% in the same period of 2024.

Industry

LG Energy secures Polish ESS deal

LG Energy Solution has been chosen as a key partner for a large-scale energy storage system (ESS) project led by Poland's state-owned utility, PGE.

Energy

Hunedoara county's largest public solar park

The project for new renewable energy production capacities, submitted by the Hunedoara County Council and the Petrila City Hall, has been approved for funding by the Ministry of Energy.