Energy | 28 June, 2024 at 8:31 AM
Renewable energy surges ahead in EU power generation for 2023
In 2023, renewable energy emerged as the leading source of electricity in the EU, accounting for 44.7% of total electricity production.
In 2023, renewable energy emerged as the leading source of electricity in the EU, accounting for 44.7% of total electricity production.
Under EU State aid rules, the European Commission has given the green light to a €265 million Swedish measure to support H2GS AB in establishing a large-scale green steel plant.
BayWa r.e., the Romanian unit of a prominent German renewable energy developer, has acquired a photovoltaic (PV) plant situated in Constanta County.
Restart Energy has completed the construction and installation of two photovoltaic power plants for Aquaserv, with a total value exceeding €600,000.
The European Commission has launched the Climate City Capital Hub, a finance resource to support cities participating in the EU Mission on Climate-Neutral and Smart Cities.
Rompetrol Rafinare has upgraded the Hydrogen Power Plant (HPP) at the Petromidia refinery with an investment of nearly €9.1 million.
The project will convert the 400 kV overhead electric line (OHL) between Isaccea and Tulcea West from a single circuit to a double circuit.
FF Ventures has entered the Romanian market and plans to develop 500 MW of solar projects and 500 MW of energy storage projects over the next three years.
The European Union has allocated €2.967 billion through the Modernisation Fund to support 39 energy projects across 10 EU Member States.
Investments in renewable energy remain below the level needed to meet COP28's goal of tripling green energy capacity by 2030.
However, economic volatility, geopolitical tensions, and technological shifts have slowed the pace of the transition.
Econergy has signed an agreement to sell its Niculești solar project to Enspire Enerji, investment branch of Turkey-based Entek Elektrik.
Romanian developer Genesis Property said that it is supplying all its office and student accommodation projects in Bucharest from renewable sources, following an investment in a photovoltaic system.
The European Commission has approved, under EU State aid rules, an estimated €3 billion German scheme to support the construction of the Hydrogen Core Network.
The European Commission has launched the European Solar Academy, the first in a series of EU Academies to be set up under the Net-Zero Industry Act (NZIA).
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.
This partnership involves virtual Power Purchase Agreements (vPPAs) for clean power generated by Rezolv's impressive Vifor wind farm in Romania.
OMV Petrom announced a revision of their 2030 strategy, focusing on a bigger push for renewable energy, sustainable fuels, and making electric vehicles more accessible.
The EU and KfW have signed a Guarantee Agreement enabling the financing of additional renewable energy generation capacities and further network development.
Henkel announced that the company aims to reduce carbon dioxide emissions from its business by 100 million metric tons between 2016 and 2025.
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.
