renewables

Europe: EU renewables near half of power demand as 2024 marks a structural energy shift

Renewable energy continued to gain ground across the European Union in 2024, with green sources supplying just under half of all electricity consumed. According to the latest Eurostat data, renewables covered 47.5% of gross electricity demand, a clear increase from the previous year that underscores a long-term structural shift in the EU’s energy system. This […]

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Hydro–storage–renewables integration strategy for SEE

Designing an integration strategy for hydropower, storage and renewables in South-East Europe means accepting that no single technology can deliver both decarbonisation and stability. Wind and solar bring energy and cost advantages. Hydro brings dispatchable flexibility and system strength. Storage brings speed and granularity. The challenge is to orchestrate them into a coherent architecture that

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Western Balkans: Alcazar receives 490 million USD to finance renewables

Luxembourg infrastructure fund Alcazar Energy Partners II has reached a final closing of US$490 million after successfully acquiring the project rights for its first two wind farms in the Western Balkans, totaling 456 MW. Since first closing in November 2022, the fund has attracted eight additional investors, including the US International Development Finance Corporation (DFC).

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