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EIB Group Press Conference on Annual Results – EU bank closes 2019 with stronger results in climate finance and a record number of deals

Share of climate financing rises to 31% of EIB’s total, underlining the Bank’s commitment to play a key role in the European Green Deal and the fight against global warming. EIB Group financing increases by 13% to more than EUR 72 billion. Highest number of financing operations: 1 095, up 28% from 2018. EIB financing outside […]

Germany’s overdose of renewable energy

Anti-nuclear hysteria is destroying the environment Germany now generates over 35% of its yearly electricity consumption from wind and solar sources. Over 30 000 wind turbines have been built, with a total installed capacity of nearly 60 GW. Germany now has approximately 1.7 million solar power (photovoltaic) installations, with an installed capacity of 46 GW. […]

German power grid firms need sharp rise in renewable generation capacity by 2035

FRANKFURT: Germany’s four power grid operators said on Friday that a sharp rise in the country’s renewable generation capacity was needed over the next 15 years to meet demand from the electrification of heating, transport and other industries. Presenting their capacity planning needs through 2035, the four high voltage transmission grid firms (TSOs) said in […]