Serbia’s 2025 Budget Law introduces its first Green Budget annex, allocating EUR 1 billion to 64 projects aimed at environmental protection and energy efficiency. The budget earmarks EUR 528.4 million for railway projects, including the Hungarian-Serbian railway and Belgrade’s urban subway system, designed to reduce CO2 emissions and enhance energy efficiency. In addition to transportation,…
Greece has shifted from being a net importer to a net exporter of electricity, now regularly supplying up to a third of its daily production to neighbouring countries. Greek electricity exports reached 2 GW out of a total production of 6 GW, with countries such as Albania, North Macedonia, Bulgaria, Turkey, and Italy receiving significant…
Albania has adopted a new law permitting the construction of solar and wind power plants on pastureland, a move driven by growing demand for renewable energy. The law allows photovoltaic (PV) panels to be mounted at least five meters above the ground, enabling simultaneous use of land for grazing livestock. Around a tenth of Albania’s…
Montenegro aims to shut down the Pljevlja coal power plant by 2041 as part of its draft National Energy and Climate Plan (NECP). The plan was submitted by the Ministry of Energy to the Energy Community Secretariat for review. Minister of Energy Saša Mujović stated that achieving the NECP goals would require EUR 1.1 billion,…
Major investors in ReNew Energy Global have proposed taking the clean power generator private in a deal valued at $2.82 billion. The consortium, which includes the Canada Pension Plan Investment Board and UAE-based Masdar, holds 64% of the company’s voting rights and has offered to buy ReNew’s shares at $7.07 each. The offer represents an…
Eurelectric, along with CEFIC (European chemicals) and European Aluminium, have outlined six key measures for improving Europe’s industrial competitiveness and advancing its decarbonization efforts. The measures were discussed during the Antwerp Dialogues, a forum gathering industry representatives, power sector stakeholders, NGOs, unions, and think tanks. The Antwerp Declaration calls for urgent actions to reduce energy…
RWE and TotalEnergies have chosen the port of Eemshaven in the Dutch North Sea as the assembly and construction base for their joint offshore wind project, OranjeWind. Located in the northern Groningen province, Eemshaven will serve as the hub for turbine assembly and construction activities in collaboration with Buss Terminal Eemshaven. Construction at the offshore…
Zimbabwe’s industrial power users, represented by the Intensive Energy User Group (IEUG), have secured $250 million in financing from the African Export-Import Bank (Afreximbank) to develop a floating solar project at Kariba Dam. The project, which will have an initial 250MW capacity, is expected to be completed by mid-2026, with plans to expand to 1GW…
US-based investor Acadia Infrastructure Capital, along with major companies including Microsoft, has launched a $9 billion initiative to develop renewable energy projects across the United States. The initiative, known as the Climate and Communities Investment Coalition (CCIC), aims to accelerate corporate-led financing for renewable energy projects and is expected to facilitate the development of 5GW…
Solar Landscape, a US-based commercial and community solar developer, has raised $847 million in project investment and financing in 2024. This funding will support the deployment of over 200 rooftop solar installations across the country. Additionally, the company has secured contracts for developing solar projects on 40 million square feet of commercial and industrial rooftop…