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    EU Endorses German 28-Billion-Euro Renewable Energy Plan

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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    Deal Among 4 Nations To Supply EU With Caspian Wind Energy

    New Perovskite Solar Cell Tech Being Developed By Scientists

    Large-Scale Concerns In 2022 Fuelled By Rising Energy Costs

    Nuclear Fusion Is Renewable Energy Milestone- US Officials

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

    Britain Fights Energy Crisis With Record Offshore Wind Power

    EU Endorses German 28-Billion-Euro Renewable Energy Plan

    EU Endorses German 28-Billion-Euro Renewable Energy Plan

    Non-Hydropower Output In Australia To Hit 97.6twh In 2031

    Non-Hydropower Output In Australia To Hit 97.6twh In 2031

    Blue Hydrogen To Be Employed In The EU For Next 5-10 Years

    Blue Hydrogen To Be Employed In The EU For Next 5-10 Years

    EU On Track To Exceed Its 750 GW Solar Energy Goal By 2030

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    By 2040, Floating Offshore Wind To Add 67K Total Jobs In UK

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

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Deal Among 4 Nations To Supply EU With Caspian Wind Energy

in News, Wind Energy

On December 24, an agreement was reached between Azerbaijan, Georgia, Romania, and Hungary to supply electricity produced by wind farms Azerbaijan intends to develop in the Caspian Sea to Europe.

The EU is supporting a plan to carry clean energy to Romania and Hungary under the Black Sea through a 1,100-kilometer cable. Georgia is Azerbaijan’s western neighbour on the Caucasus Peninsula.

Following Russian President Vladimir Putin’s invasion of Ukraine, the European Union is undertaking this endeavour to find alternatives to Russian energy.

According to Reuters, the European Commission had set aside €2.3 billion to help the cable project, whose construction would take several years. Peter Szijjarto, the foreign minister of Hungary, said as much.

By the end of 2023, he promised, a feasibility analysis would be finished.

At the agreement signing in Bucharest, Romania, European Commission President Ursula von der Leyen remarked that since the start of Russia’s war, they have chosen to turn their back on Russian fossil fuels and to diversify towards stable energy allies, like the collaborators around the table. She continued by saying that the plan might integrate Georgia into the EU internal electricity market and transform it into an electrical hub.

They definitely need improved power linkages if they want to incorporate a growing portion of renewable energy. The Black Sea energy cable between Romania, Georgia, and Azerbaijan is crucial for this reason, according to von der Leyen.

Although she did not provide an amount of income, she did state that the EU would be ready to fund the project pending the findings of the feasibility analysis.

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