Renewable energy

European Investment Bank lends DEPA 390 million euros

The European Investment Bank (EIB) is lending Greek energy company DEPA Commercial a total of 390 million euros to build and operate solar-energy farms across the country.

The EIB funding covers 75% of total cost of the new photovoltaic (PV) sites, which is expected to reach up to €521 million. DEPA Commercial will create PV farms in western Macedonia, Thessaly and Central Greece.

Türkiye needs to utilize its huge potential in renewables: Minister

Türkiye has a huge potential in renewable energy that should be put to use, Energy and Natural Resources Minister Alparslan Bayraktar has said.

"We want to increase the installed capacity of 27,000 megawatts in solar and wind with an additional 60,000 megawatts by 2035," Bayraktar told a meeting with businesspeople in the northern province of Trabzon.

China building more wind, solar capacity than rest of world combined: Report

China is building almost twice as much wind and solar energy capacity as every other country combined, research published on Thursday showed.

The world's second-largest economy is the biggest emitter of the greenhouse gases that drive climate change.

China has committed to bring carbon emissions to a peak by 2030 and to net zero by 2060.

Stassis: Jump in renewable energy sources with portfolio doubling – Digitalization crucial for PPC

The significant growth in renewable energy sources (RES) and the drastic reduction in carbon emissions were emphasized by the Chairman and CEO of PPC during the introductory discussion at the Euroelectric Power Summit.

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