Energy | 6 June, 2024 at 9:00 AM
Investment in clean energy this year is set to be twice that of fossil fuels
Global spending on clean energy technologies and infrastructure will reach €1.85 trillion in 2024.
Global spending on clean energy technologies and infrastructure will reach €1.85 trillion in 2024.
The US and Europe will face slowing demand and sales for electric vehicles (EVs) in the near term, while China is set to see steady growth.
The tender is valued at €8.4 million, with Rețele Electrice Dobrogea being the beneficiary of the work.
The European Commission has approved an Italian scheme to support a total of 4590 MW of new capacity for electricity production from renewable energy sources.
The wind farm is scheduled to become operational in 2025.
The European Commission advanced efforts to support the European hydrogen market by initiating a pilot mechanism.
Since 2019, wind and solar capacity in the EU has grown by 65% (+188 GW). Wind capacity increased by 31% (+52 GW) to 219 GW in 2023.
The US will invest €78.6 million in a large-scale battery energy storage system in Moldova to enhance the country's energy resilience.
The European Commission has approved a €2 billion aid measure under EU State aid rules to support STMicroelectronics.
OMV Petrom closed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania.
The European Council has greenlit a series of measures aimed at building a more interconnected and resilient electricity grid across Europe.
The European Council has approved a plan to create a more connected and resilient electricity network across Europe.
UniCredit acted as Joint Global Coordinator and exclusive ESG Advisor in the context of Premier Energy's IPO.
Visual Fan SA announced the completion of two key projects for important private companies in Romania in a very short period.
MK Hydroenergy Power, in partnership with Innovation Norway, has developed the first floating photovoltaic energy system on the Grebla hydropower plant's settling pond.
EBRD purchased 11% of the shares offered during Premier Energy's initial public offering (IPO), investing €15.5 million.
The European Commission has approved the fourth Important Project of Common European Interest (IPCEI) under EU State aid rules to support research within the hydrogen value chain.
European Commission voted on the first-ever EU regulations aimed at curbing methane emissions from the energy sector.
Renovatio Solar has installed 650 photovoltaic panels on the ANA Hotels and Crowne Plaza buildings in Bucharest.
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.
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.
