MountMed Institute and the University of Cyprus are establishing the country’s first energy cooperative with partners from Crete. In the pilot phase, they intend to build a small hybrid power plant – photovoltaic facility with energy storage – for on...
Global private equity firm Ardian reached an agreement to acquire France-based independent renewable energy producer Akuo. Akuo, controlled by alternative asset manager ICG, is opening a new chapter under private equity firm Ardian, headquartered in...
Global energy demand grew at a faster-than-average pace in 2024. The increase was led by the electricity sector, driven by extremely high temperatures, electrification and digitalization. Renewables and natural gas covered the majority of additional...
With 585 GW of capacity additions, renewables accounted for over 92.5% of power expansion globally in 2024, the International Renewable Energy Agency (IRENA) said. Solar power and wind dominated again, as did China. The country contributed a stunning...
Greek state-controlled utility Public Power Corp. (PPC) aims to become a major player in the rising data center and artificial intelligence market. PPC (or, in Greek, Admie), announced its 2024 annual results. Earnings before interest, taxes, depreci...
State-owned Elektroprivreda Srbije (EPS) is analyzing options for the production and use of green hydrogen, including as an alternative fuel for coal-fired power plants, according to the power company’s representatives. EPS CEO Dušan Živković said th...