In the absence of a silver bullet, Europe’s storage industry will have to bite a regular one — and embrace merchant risk. Europe’s energy storage sector is on the cusp of big new opportunities, but first, it will need to get comfortable with merchant risk. Large-scale systems are seeing new potential revenue streams at the […]
Dominican Republic: EIB and the European Union agrees USD 70 million support for climate change resilience and adaption
EIB supports the reconstruction of damaged infrastructure and housing in the Dominican Republic with grant support from the EU This financing will deliver 1,100 new affordable houses, 55km of new and upgraded roads, over 4km of new and rehabilitated dykes Visit to the Caribbean focused on supporting climate change adaptation and resilience The European Investment […]
WoodMac: Spanish ‘Gold Rush’ Helps Fuel New European Solar Boom
Subsidy-free projects, corporate deals, competitive tenders and green-minded politicians. Europe’s rebounding solar market has it all. Europe’s long solar winter has come to an end. After a multi-year period of depressed installations, Europe’s annual solar market is set to double over the next few years, and do so in a sustained manner, according to new […]
The European Union and JUMEME inaugurate new solar-powered mini-grid on Lake Victoria’s Mulumo Island in Kagera Region
Kagera Region, Tanzania: JUMEME Rural Power Supply Ltd. (JUMEME), together with the European Union Delegation in Tanzania and its project partners, celebrated the launch of its newly constructed solar-powered mini-grid on Lake Victoria, Mulumo island in the region of Kagera. The facility in Mulumo is one of eleven mini-grids to be commissioned on 10 different […]
Japan sets carbon-neutral goal as UK plans climate laws
Japan has joined Britain in pledging to become carbon neutral later this century, as the world races to prevent catastrophic climate change, but critics blasted Tokyo’s plan as unambitious. While Britain on Wednesday outlined plans for fast-track legislation that would reduce carbon emissions to net zero by 2050, Japan’s policy only pledges to meet the […]
Gains for Greens in European Parliament Buoy Clean Energy Outlook
Talk of a “green wave” in European Parliament elections proved exaggerated, but a strong showing for green parties in Germany and France bodes well for renewables. The prospects for renewable energy in Europe were buoyed by a strong showing for green parties in this month’s European Parliament elections, even though they performed below expectations, analysts […]
Spain calls on EU to assess potential carbon tax on power imports
Spain’s acting government has called on the European Union to assess a potential carbon tax on power imports to protect the bloc’s interests and help it to pursue its environmental targets amid growing public concern over climate change. In a letter sent to their counterparts in the European Commission last week, Energy Minister Teresa Ribera […]
No Planet B, say teen activists as 1.8 mn join global climate change strike
Thunberg, 16, said the threat of societal breakdown posed by runaway climate change should overshadow every other campaign issue in the European Union’s parliamentary elections Swedish teenage activist Greta Thunberg urged European politicians on Friday to focus on a climate crisis instead of “bickering”, as children walked out of classes around the world to back […]
Mercedes want to abandon combustion engines by 2039
German giant Mercedes-Benz said Monday it wants to stop selling traditional combustion engine cars by 2039 and plans for its new vehicles sold worldwide by that time to be carbon-neutral. “We aim to have a carbon-neutral new passenger car fleet in 20 years,” said Ola Kallenius, current head of Mercedes research, who is to succeed […]
Renewable Investors Breathe Easy After Spanish Elections
Spain’s once-thriving renewables market has seen a recent resurgence, and this weekend’s election points to happier days ahead. Clean energy advocates celebrated after a pro-renewables party got the highest share of the vote in Spanish elections over the weekend. The center-left Spanish Socialist Workers’ Party (Partido Socialista Obrero Español, or PSOE) picked up almost 29 […]