The Global Wind Energy Council’s flagship Global Wind Report released today shows that 2024 was a record year for new capacity, with 117 GW of wind energy installed across the world. However, GWEC warned of increasing policy instability in some markets, and pointed to the need to improve permitting, grid transmission and auctioning mechanisms to […]
Did you know that wind energy is one of the cleanest, most affordable and home-grown sources of energy? Together with other renewables, it helps us to power our homes and businesses, to become more energy-independent and to protect the environment from the harmful effects of fossil fuels. EU companies are market leaders in this sector […]
The European Investment Bank (EIB), together with the largest Austrian banks (UniCredit Bank Austria, Raiffeisen Bank International, Erste Bank, Wiener Städtische) and European financing institutions (LBBW, Talanx Group), is supporting the largest portfolio for the construction of solar and wind power plants in Austria with a loan of 250 million euros. A further 100 million […]
BNP Paribas has signed an agreement with the European Investment Bank (EIB) that will stimulate up to €8 billion of funding for wind energy projects across the European Union. This initiative will unlock key investments to support new wind farm projects, supply chain efficiency and improved grid interconnections, therefore accelerating wind energy development and ultimately […]
The global cost of clean energy technologies will continue to fall in 2025, with wind, solar and battery technologies set to see further declines of between 2% and 11%, according to a report by BloombergNEF (BNEF), cited by the trade press. According to the BNEF Levelised Cost of Electricity report, the global benchmark cost for […]
Chinese wind turbine manufacturer Envision Energy and local utility Kazakhstan Utility Systems LLP broke ground on a wind turbine and energy storage factory in Khorgos, Kazakhstan, on Friday, according to trade media. The $40 million factory will have an annual capacity to produce 2 GW of wind turbines, or 250 units, as well as 1 […]
The share of renewable energy in Romania’s electricity production mix has stagnated in recent years, and immediate measures are needed to reach the levels presented by the Government, said Mara Roman, deputy head of the European Commission Representation in Romania, at the Powershit Summit event 2024, event organized by RWEA and RPIA, together with WindEurope […]
National targets for global wind power in 2030 aim for 2,157 GW, 2.4 times more capacity than the 901 GW that existed last year, according to a report by energy think tank Ember, which points out that in order to triple the capacity from 2022, 585 GW will still be needed, reports the EFE agency. […]
Romania will have, in the next three to five years, 10,000 MW of solar and wind energy in addition to what it currently has and 3,500 MW in modernized gas plants, declared, on Wednesday, the Minister of Energy, Sebastian Burduja, at the ministerial meeting organized within the framework of the meeting of the Partnership for […]
China is cementing its position as the global leader in renewables development with 180 GW of utility-scale solar and 159 GW of wind power already under construction. The total of the two is nearly twice as much as the rest of the world combined, and enough to power all of South Korea, according to new […]
The Danish investor and developer of renewable energy capacities European Energy has obtained technical approvals for the connection of 500 MW of new solar and wind capacity in different areas of the country, and its total plans for solar and wind projects in Romania exceed 1.5 GW, the company says in a press release. European […]
Last year was the best year on record for new wind energy installation. Seven countries now generate 100 per cent of their electricity from renewable energy – two are in Europe. The world installed 116 gigawatts of new wind power capacity in 2023, according to the latest Global Wind Report from industry trade association the […]
