EIB and Societe Generale have agreed on a new initiative which has the potential to unlock investment of up to €8 billion to support wind energy manufacturers in Europe.
Wind energy was 20% of all the electricity consumed in Europe. But Europe is not building enough new wind farms.
The European Investment Bank (EIB) is using again its €5 billion initiative to support manufacturers of wind-energy equipment in Europe by extending a €500 million counter-guarantee to Germany-based Commerzbank AG.
Education and skills are pivotal to the success of Europe's Clean Industrial Deal, particularly in addressing the rapid expansion of the wind energy sector.
Poland's energy major Polenergia has signed a multi-year power purchase agreement (PPA) to supply electricity to domestic courier company InPost from its 121 MW Debsk wind farm.
WindEurope's Autumn Wind Energy Data shows Europe built 6.4 GW of new wind farms in the first half of 2024.
EIB has granted a €35 million green loan to Haizea Wind Group, a Spanish company specializing in manufacturing components for the wind energy sector.
EIB will launch a €5 billion initiative to bolster wind-energy equipment manufacturing in Europe by providing a €500 million counter-guarantee to Deutsche Bank AG.
This observation illustrates that the wind resource is very stable from one year to another at a global scale whereas, the annual production can vary within a 25 % range.
The Ministry of Energy is preparing two major projects in the field of green energy, with a total value of over €800 million, financed from the Modernization Fund.
The EU has built 17 GW of new wind energy in 2023, slightly up in 2022 – and more than ever in a year.
The world has added 50% more renewable capacity in 2023 than in 2022 and the next 5 years will see the fastest growth yet.
OMV Petrom will acquire a 50% stake in Electrocentrale Borzesti from RNV Infrastructure.
In 2023, only 6% of electricity consumption represents renewable energy in the Republic of Moldova.
WPD, a developer of wind projects in Europe, intends to build a wind farm in Iași County, according to data from the national energy carrier, Transelectrica.
From November 5, 2023, farmers and processors can submit projects for the realization of new capacities to produce electricity from solar or wind sources in the agricultural sector, land improvements, and the food industry.
The European Commission has approved a €193 million Lithuanian scheme to support offshore wind farms to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan.
Renewable energy projects with a total capacity of 10,509 MW could be commissioned in the next period.
The Minister of Energy, Sebastian Burduja, announced that Romania has an ambitious investment plan until 2030, mainly 7 GW of energy from renewable sources.
The value of the green technology market was $1.5 trillion in 2020 and is expected to reach over $9.5 trillion by 2030, according to a report by UNCTAD - the United Nations Trade and Development Agency. UNCTAD's Technology and Innovation Report 2023 warns that economic inequalities risk widening as developed countries reap the most benefits from green technologies such as artificial intelligence, the Internet of Things (IoT), and electric vehicles.
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.
FAN Courier, a leading Romanian logistics company, has allocated an investment budget of 40 million euros for 2025, including in renewable energy.
DRI, the European renewables division of Ukrainian energy company DTEK, has successfully connected its 60MW Glodeni II solar park to the Romanian grid.
NXP Semiconductors N.V. announced that it has secured a €1 billion loan from the EIB to advance the company's RDI investments across its broad portfolio of semiconductor solutions.
EIB and Societe Generale have agreed on a new initiative which has the potential to unlock investment of up to €8 billion to support wind energy manufacturers in Europe.
