A report by independent climate think tank Ember found that EU wind and solar deployment is not fast enough to achieve renewable growth and meet global climate targets due to a lengthy permit process, Reuters reported. To reach the goal of limiting global warming to 1.5°C, the EU will need an additional 76 GW of …
The growth of investments in renewable energy sources, which this year is estimated to be about 8% or worth 2.4 trillion dollars, indicates the sector’s continued development despite the market turbulence. The energy transition is certain, only the pace at which this process will take place remains uncertain. The uneven trend of investments in the …
Belgian company Tree Energy Solutions (TES), specializing in the supply of green hydrogen, has completed the second stage of raising funds of 65 million euros, which will allow TES to implement the world’s most significant hydrogen production projects by 2030, the company’s press service said. The fund was replenished by international investors – leading financial …
TES Increases Fund for Production and Supply of Green Hydrogen in Europe Read More »
UAE leaders of the I2U2 summit announced an advanced hybrid renewable energy project in the Indian state of Gujarat, The National reported. The hybrid renewable energy proposal is a project to produce 300 megawatts of wind and solar energy, supplemented by a battery-powered energy storage system. Washington has already funded a $330 million feasibility study …
UAE Proposes Hybrid Renewable Energy Projects at i2u2 Summit Read More »
Bosch is finally ready to make its move in the European Union when it comes to hydrogen infrastructure. “Towards a climate-neutral future, we must allow energy-intensive industries to switch to renewable energy sources. Hydrogen will become a key element of energy security.” Bosch Management Board Member Rolf Nyörk said in a statement. The company has …
Bosch Invests Billions in Hydrogen Infrastructure Development in Europe Read More »
In the Swiss Alps, at an altitude of 600 meters above sea level, Swiss authorities launched the most powerful pumped storage power plant, which took 14 years to build. The reservoir’s capacity allows storing 20 GWh of energy and delivering it to the grid with a total of up to 900 MW. In Switzerland, pumped …
Switzerland Launch World’s Most Powerful Pumped Storage Power Plant Read More »
Enefit Green is building a hybrid renewable park producing electricity from wind and solar in Ida-Viru County, Luganuse parish, projected to be launched as early as next year. This is the first time such a hybrid solution for large-scale alternative energy production has been created in Estonia. According to Aavo Kärmas, Chairman of the Management …
Estonia Starts Constructing Its First Hybrid Renewable Park Read More »
Shell Nederland B.V. and Shell Overseas Investments B.V. have decided to build the largest green hydrogen plant in Europe by 2025, the company said in a statement. Shell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell, have made the final investment decision to build Holland Hydrogen I, which will be Europe’s largest renewable …
Shell Plans to Build Europe’s Largest Green Hydrogen Plant Read More »
The French state plans to nationalize the energy company EDF, French Prime Minister Elisabeth Born said while speaking in the National Assembly (lower house of parliament). “I confirm the government’s intention to control 100% of EDF’s capital,” Born said. “We must ensure our sovereignty in the face of the consequences of the conflict in Ukraine …
A rooftop solar power project at SeaWorld Abu Dhabi is being put up by Emerge, a joint venture between French utility EDF and Abu Dhabi’s sustainable energy business Masdar, as part of a deal with Yas Island management company Miral Asset Management, The National reported. According to Masdar, the project will deploy rooftop solar photovoltaic …
SeaWorld Abu Dhabi Theme Park to Use Solar Power Rooftops Read More »
