In Short : IRENA’s EU Regional Outlook urges a balanced approach between climate goals and energy security. The report highlights the need for targeted investments in infrastructure to ensure stable, affordable energy for both households and industry. By aligning green transitions with reliability and cost-effectiveness, the strategy aims to support Europe’s energy resilience while meeting […]
EU power grid needs trillion-dollar upgrade to avert Spain-style blackouts – EQ
In Short : The EU must invest over \$2 trillion by 2050 to modernize its aging power grid and prevent blackouts like the recent one in Spain and Portugal. With half the grid over 40 years old, experts urge doubling annual investment to \$600 billion. Strengthening infrastructure, boosting storage, and enhancing cross-border connections are vital […]
EU expects to add record renewable capacity in 2025, industry sees headwinds – EQ
In Short : The EU is set to add a record 89 GW of renewable capacity in 2025, driven by solar and wind projects. However, the sector faces headwinds like permitting delays and reduced incentives. Solar growth slowed to 4% in 2024, and wind energy grapples with rising costs. Industry warns sustained support is vital […]
EU Grants $2.7M for Novel Concrete Research in Offshore Renewable Energy Sector – EQ
In Short : As of my last knowledge update in January 2022, I don’t have specific information on a grant of $2.7 million for novel concrete research in the offshore renewable energy sector from the European Union (EU). Funding allocations, grants, and research projects can be dynamic and subject to change. To get the most […]
India in talks to supply 10 million tonnes of green hydrogen to EU – EQ Mag
NEW DELHI : India has hosted talks on a possible deal to supply 10 million metric tonnes of green hydrogen to the European Union, which in turn would invest in one such clean energy project in India, two government and one industry source told Reuters. On Tuesday, Reuters reported India will consider bilateral agreements with […]
EU approves €1.1 billion worth Hungarian scheme for energy storage projects – EQ Mag
The European Commission has approved a €1.1 billion worth Hungarian scheme to support the installation of at least 800 MW/ 1600 MWh of energy storage facilities to foster the country’s transition to a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the Commission to support measures […]
EU, COP28 host UAE pledge to rally support for renewable goals – EQ Mag
The two sides will work to “ensure maximum support on global 2030 targets for the tripling of renewable energy and doubling of energy efficiency,” a statement agreed after a meeting of officials in Brussels said BRUSSELS : The European Commission and the United Arab Emirates’ presidency of this year’s COP28 climate summit pledged on Wednesday […]
India, EU should use trade and tech council for stable green energy supplies: Frans Timmermans – EQ Mag
New Delhi : European Union’s climate policy chief Frans Timmermans on Thursday suggested using the India-European Union Trade and Technology Council to have access to technology and raw material necessary for stable green energy supplies to fight the climate crisis. On the first day of his two-day crucial diplomatic mission to India to discuss developments […]
EU risks losing energy transition race, Volvo and Vattenfall warn – EQ Mag
BRUSSELS : Europe risks being left behind on green energy innovation and investment if various pieces of legislation are not aligned and simplified, the CEOs of Volvo Group and Vattenfall said. Sweden’s state-owned Vattenfall is a major producer of solar, wind and hydropower as well as nuclear and on Tuesday it agreed a 10-year wind […]
EU launches first tender for joint gas purchases – EQ Mag
The European Union on Wednesday launched its first international tender for joint gas purchases, as the bloc looks to assure its supplies in the face of Russia’s war on Ukraine. The 27-nation bloc is pushing to get the best price it can as it fills it storage ahead of next winter and avoid the record […]