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Renewable Energy

Germany Plans Major Overhaul of Renewable Subsidies By 2025

Germany is planning to reduce and revamp the subsidies it pays to renewable energy producers due to increasing costs for the government. This move might contribute to uncertainty regarding future investments. Beginning January 2025, payments for medium and large...

Leading Nations Look For Tripling Renewable Power By 2030

In order to achieve the goal of the Paris Agreement to limit global warming to 1.5°C, the world must increase its renewable power capacity threefold by 2030. The IEA summarizes its report COP28 Tripling Renewable Capacity Pledge: Tracking countries'...

Permitting Provisions Delay Risks Renewable Goals of EU

On June 30 2024, two important deadlines passed. Member States were required to submit their updated National Energy and Climate Plans- NECPs to the European Commission, and Governments had to implement the permitting provisions under the new Renewable Energy...

Real Impact of Solar & Wind Cost Reductions on Energy Bills

The decreasing costs of solar and wind power have heightened their importance as a safeguard against wholesale power price changes. Nonetheless, because of market dynamics and contract structures, American consumers don't always experience reduced bills. This insight stems from...

Reduced Energy Demand Boosts Renewable Energy Share of EU

An industry body has disclosed that a substantial majority of the EU's energy production this year has come from carbon-neutral sources. From January to June 2024, almost 75% of the EU's electricity was generated from emissions-free sources, as stated by...

Clean Electricity Generation In Europe Sets New Records

Clean electricity generation in Europe has hit new highs. In the first half of 2024, over 50% of all power generation came from renewable sources, while nuclear energy maintained a stable 24% share, according to Eurelectric’s latest electricity data. Challenges...

Record Growth In Wind And Solar Transforms EU Power Sector

Increased wind and solar power, along with a significant reduction in fossil fuel usage, propelled renewables to the forefront. Preliminary Eurostat data indicated that renewable energy led as the primary electricity source in the EU for 2023. Renewable sources contributed 44.7...

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