Global energy transition slows down amid economic, political volatility – report
European countries lead the World Economic Forum Energy Transition Index 2024 rankings, with Sweden at the top
Masdar to take over Terna Energy in deal worth EUR 3.2 billion
Masdar is expanding in Greece and Europe by buying Terna Energy for EUR 2.4 billion, translating to an enterprise value of EUR 3.2 billion
Global solar power capacity hits 1.6 TW after 87% surge in new installations in 2023
In 2023, the world installed 447 GW of new solar capacity, compared to 239 GW added in 2022, says SolarPower Europe
WindEurope on EU elections – center-right expected to partly revise European Green Deal
Electricity-intensive industry and WindEurope are seeking assurances on the European Green Deal from EU leaders, following the elections
OMV Petrom to produce sustainable fuels, green hydrogen in Romania
The Petrobrazi refinery will become the first major producer of sustainable fuels in Southeast Europe, OMV Petrom said
DTEK’s subsidiary DRI buys 126 MW solar power project in Romania
Renewable energy company DRI acquired its third project in Romania. The Văcărești solar farm is planned to have 126 MW in capacity.
Iberdrola plans Portugal’s first wind-hydro hybrid power project
A 274 MW wind farm will be linked to the Tâmega hydropower complex in Portugal's biggest hybrid energy project, says Iberdrola
Sweden opts against subsea interconnector with Germany over power price concerns
The Hansa PowerBridge subsea interconnector would have facilitated renewable electricity transmission from Scandinavia to Germany