Industry | 19 March, 2025 at 3:00 PM
Renewable energy powers 47% of electricity in 2024
In 2024, 47.4% of net electricity generated in the EU came from renewable energy sources, up by 2.6 percentage points (pp) compared with 2023.
In 2024, 47.4% of net electricity generated in the EU came from renewable energy sources, up by 2.6 percentage points (pp) compared with 2023.
The European Commission granted a total of €67.4 million in financial aid to support works & studies for cross-border renewable energy projects.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
Poland has moved up 49 places in the Climate Risk Index 2025, underscoring the increasing impact of climate change on the real estate sector. Heatwaves, heavy rainfall, droughts and floods are becoming a regular challenge for property owners and investors, according to Cushman & Wakefield.
European companies are facing widespread challenges as they attempt to comply with the EU's new sustainability reporting standards, according to recent findings from the European Financial Reporting Advisory Group (EFRAG).
Hidroelectrica has selected Waldevar Energy to implement the Nufărul Project, a pioneering renewable energy initiative set to become the largest floating photovoltaic (FPV) system installed on a hydroelectric dam in Europe.
