The European Commission today proposed a temporary emergency regulation to accelerate the deployment of renewable energy in the face of the energy crisis and the knock-on effects of Russia’s invasion of Ukraine.
Solar Media’s head of Market Research, Finlay Colville, examines the state of European PV manufacturing and discusses whether the continent’s domestic production will ever rise to sufficient levels to support the energy transition
The European Investment Bank (EIB) will support the RePowerEU scheme with €30 billion (US$29.7 billion) in loans and equity financing over the next five years, as it looks to secure Europe’s renewable energy future and reduce its dependence on Russian gas.
New policies in major energy markets would accelerate the investment in clean energy to US$2 trillion by 2030 in the states policies scenario (STEPS), according to a report from the International Energy Agency (IEA).
Brookfield Asset Management has raised US$15 billion as part of its Brookfield Global Transition Fund that will focus investments on the transition to a net zero carbon economy.
Timo Moeller, president of International NovaSource Power Services and head of NovaSource in Europe, stresses the need for the industry to entrust experts at every step of the project lifecycle, or risk deterring investment.
The UN secretary-general, António Guterres, has issued a stark warning concerning the “dismal litany of humanity’s failure to tackle climate disruption” in an speech in which he set out “five critical actions to jumpstart the renewable energy transition”.
The European Union (EU) should set higher solar PV deployment targets and speed up the energy transition to phase out its energy dependency on Russia as soon as possible, according to five member states of the bloc.
