The European Investment Bank (EIB) has approved framework financing of up to €1.7 billion for Solaria to support the construction of some 120 photovoltaic power plants. Mostly located in Spain, as well as Italy and Portugal, they will have a total capacity of approximately 5.6 GW and will produce an estimated 9.29 TWh a year. […]
Read MoreEuropean Parliament back plans to boost use of renewable energy
Parliament on Tuesday voted to boost the deployment of renewable energy, in line with the Green Deal and REPowerEU plans. The update of the Renewable Energy Directive (RED), already agreed upon between MEPs and Council, raises the share of renewables in the EU’s final energy consumption to 42.5% by 2030. Member states should strive to […]
Read MoreBrazil: EIB lends €300 million to Banco Santander Brasil for small-scale solar energy investments
The European Investment Bank (EIB), the world’s largest multilateral public bank, and Banco Santander (Brasil), the largest foreign bank in Brazil, have signed an agreement to foster the use of renewable energy in Brazil. Ricardo Mourinho Félix, Vice-President of the EIB, and Carlos Rey de Vicente, Banco Santander’s Regional Head for South America, signed a […]
Read MoreEuropean Parliament approves law on sustainable marine fuels
MEPs adopted new rules on cleaner maritime fuels. During the negotiations with Council, they ensured that ships will have to gradually reduce greenhouse gas (GHG) emissions by cutting the amount of GHG in the energy they use (below 2020 level) by 2% as of 2025 to 80% as of 2050. This would apply to ships […]
Read MoreMEPs approve rules to encourage more alternative fuel stations for cars and lorries
MEPs approved new rules on more alternative fuel stations for cars and trucks, simple and easy recharging. The new rules are part of the “Fit for 55 in 2030 package”, the EU’s plan to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels, and aim to decarbonise transport. More easy […]
Read MoreCouncil adopts new regulation on batteries and waste batteries
The Council adopted a new regulation that strengthens sustainability rules for batteries and waste batteries. The regulation will regulate the entire life cycle of batteries – from production to reuse and recycling – and ensure that they are safe, sustainable and competitive. The regulation of the European Parliament and the Council will apply to all batteries including […]
Read MoreCommission approves €350 million Spanish scheme for developing electricity storage facilities
The European Commission has approved, under EU State aid rules, a €350 million Spanish scheme, made available through the Recovery and Resilience Facility (‘RRF’), to support the construction and operation of electricity storage facilities. The measure contributes to achievement of the European Green Deal targets, while helping to reduce dependence on Russian fossil fuels and fast forward […]
Read MoreThe Commission is proposing rules to make producers responsible for the full lifecycle of textile products
The Commission is proposing rules to make producers responsible for the full lifecycle of textile products and to support the sustainable management of textile waste across the EU. This initiative will accelerate the development of the separate collection, sorting, reuse and recycling sector for textiles in the EU, in line with the EU Strategy for Sustainable and Circular Textiles. Increasing the […]
Read MoreThe EU wants to introduce minimum standards to make nearly all products on its market sustainable
Ecodesign entails the integration of environmental considerations into product development, aiming to create goods with the lowest possible environmental impact throughout their life cycle. EU manufacturers already have to align with ecodesign rules for energy-related products, such as heaters, refrigerators, vacuum cleaners or computers, reducing energy consumption and negative environmental effects in the design stage. […]
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