Global Energy Tansition Forum launched at COP28
Ursula von der Leyen, the President of the European Commission, launched the Global Energy Transition Forum, together with the Executive Director of the International Energy Agency, Fatih Birol.
Ursula von der Leyen, the President of the European Commission, launched the Global Energy Transition Forum, together with the Executive Director of the International Energy Agency, Fatih Birol.
EIB will provide €243 million in financing to leading independent clean wind and solar energy operator ERG Group to promote the development of renewable energy in Italy, France and Germany.
Global energy investment is expected to surpass €2.8 trillion for the first time, with €1.9 trillion allocated to clean technologies such as renewables, electric vehicles, and nuclear power.
The European Commission has selected 134 transport projects to receive over €7 billion in EU grants from the Connecting Europe Facility (CEF).
Ember estimates that 20% of global electricity generation across midday peaks on the solstice today will come from solar and in the entire month of June.
The EU and KfW have signed a Guarantee Agreement enabling the financing of additional renewable energy generation capacities and further network development.
Global spending on clean energy technologies and infrastructure will reach €1.85 trillion in 2024.
Despite Beijing's focus on self-reliance in its energy policy, it is expected that most oil and gas will still be imported in 2050.
The Commission European welcomes the adoption of significant reforms in the electricity and gas markets, along with a new regulatory framework aimed at advancing hydrogen and other decarbonized gases.
The World Bank supports Bulgaria's efforts to secure clean energy resources. The bank will provide expert technical opinions based on the best global ideas and practices for managing Bulgaria's geothermal energy resources. The use of geothermal energy will provide new jobs and guarantee a smooth transition to green energy.
The European Commission presented the centerpieces of a strategy on Thursday to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition. Global investment in the green transition is set to triple by 2030 from $1 trillion last year.
For Romania, the production of batteries is a strategic imperative for the transition to clean energy, for modernization, and increase in the competitiveness of the industry, says the Minister of Economy, Florin Spataru. He states that the battery industry for electro-mobility represents a field that requires substantial investment both for production and for research.
The Polish company R.Power Group is developing a project portfolio of over 1 GWp in Romania. The company plans to expand its share of this market in the coming months and sign more contracts for photovoltaic projects. It is estimated that the construction of the first projects will begin next year.
In a comprehensive modernization effort, real estate developer GTC switches to 100% green energy; reducing its domestic energy consumption by 20%.

Conducted in autumn 2025, the RICS Sustainable Real Estate Survey Europe gathered 112 responses from valuers, developers, investors and other professionals across 30 countries. The findings confirm that ESG has moved from a peripheral concern to a core driver of real estate value, risk and decision-making across Europe.
DSV – Global Transport and Logistics, the world's largest logistics operator, has launched a solar installation at its warehouse in Łozienica, Poland, in partnership with commercial real estate investor Accolade. The installation will meet the energy needs of Poland's first multi-client warehouse equipped with an AutoStore system.
Etem Gestamp, the Sofia-based joint venture between Viohalco Group and Spain's Gestamp Group focused on aluminium extrusion and processing for the automotive industry, and Rezolv Energy, the Actis-backed independent power producer, have signed a 10-year virtual power purchase agreement (VPPA) in Bulgaria. The VPPA will see Etem Gestamp buy electricity from Rezolv Energy's 461MW 'Vifor' wind farm, which is about to come onstream in Buzău County, Romania. It is the first cross-border wind PPA that has been publicly announced in Bulgaria.
DP World has launched a five-year coastal restoration programme to create underwater "forests" of native seaweed to boost marine life near the Constanța South Container Terminal on the Black Sea.
Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.