Tags

In order to support new renewable energy projects and encouraging greater RES deployment across the Continent, the European Union put in place the renewable energy financing mechanism RENEWFM. The opening of the first call for proposals of the mechanism was initially scheduled for February 28 but was then moved forward a few days (March 14) and again postponed to March 28.

Renewable Energy Financing Mechanism Technology specific - Solar PV

The European Commission has announced the 12 recipient countries of a financial support worth 188.8 million euros. The objective of their projects is to help deliver a transport network which is environmentally sustainable, in line with the ambitious objectives laid out in the EU Green Deal.

The new Temporary Crisis and Transition Framework loosens the meshes of state aid to allow European countries to provide more and faster subsidies to companies investing in green technologies, i.e. in equipment and components for solar panels, wind turbines, batteries, heat pumps, electrolysers, carbon capture and storage devices, and for the production and recycling of critical raw materials.

The European Commission is expected to present on March 14 the Net Zero Industry Act, the plan that aims to increase European production of green technologies considered strategic, from photovoltaics to wind power via batteries and heat pumps.

A guide to the new Green Deal Industrial Plan

The funding signed by EIB, Crédit Agricole CIB, Natixis CIB, and Reden will support up to 26 photovoltaic power plants with a total installed capacity of up to 255 MW to be built across Italy. The operation will contribute to ambitious RepowerEU objectives and Italy’s renewable energy goals.

Greener trade and investment is crucial to tackling climate change in Asia and the Pacific and will require governments in the region to work together more closely, according to the new report by the Asian Development Bank (ADB).

Eagerly awaited by industry players and investors for months, the delegated acts on green hydrogen define what is meant by renewable hydrogen and set the rules of engagement so that fuels can be counted toward member states' renewable energy target.

The European Commission presented yesterday what is supposed to be the European response to the debated U.S. Inflation Reduction Act: the new Green Deal Industrial Plan, an ambitious instrument that aims at enhancing the competitiveness of Europe's net-zero industry and at supporting the fast transition to climate neutrality.