Clean transition, decarbonization among priorities in EU’s draft budget
Within the EU's proposed long-term budget, the EUR 409 billion European Competitiveness Fund is for strategic technologies including for the clean transition and decarbonization
Bulgarian battery factory Exeron X-BESS gets EU strategic status
IPS is opening the Exeron X-BESS factory as one of only six strategic projects in the EU designated under the Net Zero Industry Act
China-based Envision opens world’s largest green hydrogen, ammonia plant
The plant can deliver 320,000 tons of green ammonia per year, with annual output projected to rise to 1.5 million tons by 2028.
Impact Report 2024: GGF grows direct lending, committed to energy transition, energy security
In its Impact Report 2024, Green for Growth Fund outlined powering the green transition across Southeast Europe, the Caucasus and beyond
Solar beats nuclear in June, becoming EU’s biggest electricity source for first time
Solar was the EU’s largest source of electricity for the first time in June. Records for photovoltaics and wind rolled in in May and June
Open call for green hydrogen high-efficiency CHP pilot plant in northern Greece
The Greek government has opened a call for a pilot CHP unit in Western Macedonia that would run on green hydrogen
EU’s Modernisation Fund disburses EUR 3.66 billion for clean energy projects in nine countries
Focusing on renewables, grids, storage, and energy efficiency, the funds will support projects in Croatia, Slovenia, Greece, and Romania.
EU outlines measures for 90% emissions cut by 2040
A proposed amendment to the European Climate Law sets a 2040 target of a 90% reduction in net greenhouse gas emissions