Today, the European Union launches the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation (T-MED) – a flagship initiative under the Pact for the Mediterranean. T-MED aims to accelerate the development of renewable energy, hydrogen, clean technology manufacturing and modern electricity networks across the Mediterranean region, supporting a more integrated, sustainable and interconnected Mediterranean energy market. Unveiled during the […]
The European Bank for Reconstruction and Development (EBRD) is providing a comprehensive financing package of US$ 142 million (€121 million) for two special-purpose vehicles (SPVs) that will develop Uzbekistan’s and Central Asia’s largest combined solar photovoltaic and battery energy storage project to date. The two SPVs (ACWA Power Sazagan Solar 1 and ACWA Power Sazagan […]
The International Energy Agency (IEA) has cut its global renewable energy growth forecast by 900 gigawatts to 2030 from last year, citing weaker prospects in the United States and China, even as solar PV continues to post record growth, Reuters reports. Global renewable energy capacity is now expected to grow by 4,600 GW by 2030, […]
The European Bank for Reconstruction and Development (EBRD) has supported Romania to deliver its second successful renewable energy auction under the Contracts for Difference (CfD) scheme, completed in August 2025. The two-way CfD scheme, developed with EBRD support, incentivises investments in renewable energy by providing long-term revenue stability to developers and strengthening the market integration […]
E.ON Energie România installed, in the first six months of this year, over 2,270 photovoltaic systems for residential customers, up 13% compared to the same period last year, with the pace of installations reaching peaks of 40 per day, in the recent period. A notable trend: the number of installations carried out by the company […]
A Commission notice on battery-related data sharing (C/2025/4907) under the revised Renewable Energy Directive has been published today aimed at helping EU countries implement Article 20a, paragraph 3 of the directive. Aimed at giving more transparency and supporting the energy transition – these provisions relate to real-time, cost-free sharing of electric vehicle battery data with […]
The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of renewable energy in Romania with a €90 million loan to ENGIE Romania, one of the country’s leading energy suppliers and distributors. The EBRD’s financing will enable ENGIE to develop new renewable energy projects with a combined capacity of at least 250MW by […]
Bacau International Airport is the first in Romania to submit a funding application for a major renewable energy project, the company announced. “Bacau International Airport ‘George Enescu’ proudly announces the official submission of the funding application for the construction of its own capacity to produce electricity from renewable sources, within the ‘Modernization Fund’ program. With […]
In 2024, according to preliminary data, the supply of renewable energy in the EU increased by 3.4% compared with 2023, amounting to around 11.3 million terajoules (TJ) in 2024. In contrast, the supply of coal continued to decrease. Brown coal supply decreased by 10% to 199 302 thousand tonnes, while hard coal supply dropped by 13.8% […]
Solar energy is one of the world’s most abundant and easily accessible sources of renewable power. But how well do you know it? Several distinct technologies harness the sun’s power in different ways. Photovoltaic (PV) panels convert sunlight into electricity. Solar thermal panels use the sun’s energy to produce heat. Concentrated solar power uses mirrors […]
The European Commission has announced the allocation of EUR 52 million in funding support through the EU Renewable Energy Financing Mechanism (RENEWFM) to nine renewable energy projects in Finland and Estonia. This amount nearly matches the total call available budget of €52.4 million and aims to strengthen the EU’s renewable energy capacity while fostering cross-border cooperation among […]
The European Investment Bank (EIB) granted PLN 2.25 billion to Poland’s top utility PGE Polska Grupa Energetyczna (PGE) to support renewable energy production. The favourable loan will allow PGE to develop its network of photovoltaic installations throughout the country and to modernise an existing pumped-storage power plant. The seventh agreement between the EIB and PGE will support […]
A decision by the European Commission, taken after an investigation, may also set a precedent for Romania, in situations where renewable energy investors who have sued the Romanian state in international arbitration courts will win the lawsuits. Spain is in such a situation: it lost a lawsuit in which it has to pay over 100 […]
NORD/LB Norddeutsche Landesbank (NORD/LB) and the European Investment Bank (EIB) have today announced a significant partnership aimed at accelerating the transition to clean energy across the European Union. The new financing will back new small and medium-sized renewable energy projects throughout Europe. Bernhard Kluttig, State Secretary at the Federal Ministry for Economic Affairs and Climate […]
