Full of promise, but equally full of challenges, green hydrogen is a unique example of a renewable power source that has not yet been fully developed. A new European project aims to generate half a million jobs and establish green hydrogen as a €100bn industry by 2050, raising the question of whether it can overcome […]
EIB agrees to finance construction and operation of new solar plants in Kenya
The new Radiant and Eldosol projects are amongst the first to generate utility-scale solar power in East Africa. The European Investment Bank and FMO, the Dutch entrepreneurial development bank, have agreed to finance the construction and operation of two new solar photovoltaic plants in Kenya. EIB and FMO will each provide USD 53 million for […]
‘Step-change’ in energy investment needed to meet climate goals: IEA
For that to happen, however, trend lines on both fronts moved in the wrong direction last year, the agency reported in its 4th annual World Energy Investment overview. The world must double spending on renewable power and slash investment in oil and coal by 2030 to keep the Paris climate treaty temperature targets in play, […]
