The fossil fuel age is crumbling, according to UN Secretary-General António Guterres. Renewables maintained their cost leadership in global power markets, the International Renewable Energy Agency said in an annual report. In 2024, onshore wind farms were the cheapest of all versus the lowest-cost fossil fuel alternatives, by 53% on average, while photovoltaic systems were […]
The number of power purchase agreements (PPAs) for renewables in Europe fell by 31% and the volume tumbled 26% in the first half of the year from the levels in the same period of 2024, Pexapark found. Germany and France registered sharp declines in the photovoltaics segment, but a surge in Italy and Spain has […]
Bulgaria-based International Power Supply (IPS) is opening a factory for battery energy storage systems using proprietary technology. The Exeron X-BESS is one of only six strategic projects in the European Union with a designation under the Net Zero Industry Act. Minister of Economy and Industry of Bulgaria Petar Dilov met with Chief Executive Officer of […]
Electricity supplier and distributor Electrica listed its first green bonds on the Luxembourg Stock Exchange. It was the largest issuance of its kind among Romanian companies, excluding financials. Electrica, in which the Romanian Government controls a stake of just under 50%, issued green bonds worth up to EUR 500 million. It is using the proceeds […]
Green technology developer Envision Energy has commissioned the world’s largest and most advanced green hydrogen and ammonia plant. The Shanghai-based company said the production facility, developed in its hydrogen park in Chifeng, China, is also the first in the world delivering green ammonia at industrial scale and the first of its kind to be fully […]
Visual Fan will install a 65 MWh energy storage for Renovatio Trading in Toplița in Romania’s Harghita county. The batteries market in Romania is very active these days. The battery energy storage system (BESS) will be built by Allview Energy, Visual Fan’s division specialized in the development of large-scale photovoltaic parks, including storage capacities. It […]
Solar became the EU’s largest source of electricity for the first time in June 2025. National records for both photovoltaics and wind rolled in in May and June, pushing coal to an all-time low. Solar was the largest source of electricity in the European Union for the first time last month, with multiple countries producing […]
The National Energy Regulatory Authority of Romania has approved a regulation eliminating double taxation of energy storage, to allow for faster deployment of solutions for storing electricity. The National Energy Regulatory Authority (ANRE) announced that it has approved an order on methodological norms exempting electricity that is stored and reintroduced into the grid from the […]
Electricity consumption in Serbia has increased by 15% to 20% over the past three weeks compared to the same period last year, according to Dragan Rakić, the head dispatcher of Serbia’s transmission system operator Elektromreža Srbije. The main reason for the rise in electricity consumption is the increased use of air conditioning units due to […]
The BESS dealmaking landscape in Europe has evolved dramatically over the past four to five years, driven by diminishing battery pack costs and the emergence of stackable revenue streams in mature markets, Pexapark said in a new brief. Germany and Netherlands have emerged as hotspots for optimization and offtake, after Great Britain’s convincing lead for […]