Europe

SkySpecs Acquires Wind Energy Tech Companies Fincovi and Vertikal AI

Michigan-headquartered wind energy technology company SkySpecs announced today that it has acquired two of Europe’s premier wind energy companies: Fincovi, a leader in financial asset management, and Vertikal AI, a pioneer in predictive maintenance for wind energy. The combined entity brings together world-class data insight and automation to help wind farm owners and operators to […]

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Swedish Solar Installer SunRoof Raises €4.5 Million

Sweden based residential solar rooftops installer, SunRoof closed a Euro 4.5 million funding round led by Inovo Venture Partners, a Poland based investor which backs early-stage and post-traction startups. It was the second round of investment of the seed extension round in under six months, taking total funding to Euro 6.5 million. The funding was […]

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European Hydrogen Plans Expand, With 40,000 Km Pipeline Network by 2040

Industry association European Hydrogen Backbone (EHB) has recently updated its vision for a dedicated hydrogen transport infrastructure across Europe, now proposing to build an 11,600 km (which was 6,800 km last year) hydrogen transportation network by 2030, which would come up to 39,700 km (as opposed to 23,000 km estimated last year) by 2040, aiming to […]

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Europe Invested €43 Bn in 2020 to Cover 20 GW of new Wind Farms

Europe invested EUR 43 billion in new wind farms in 2020, the second-highest annual amount on record, to fund 20 GW of new projects. Europe invested EUR 43 billion in new wind farms in 2020, the second-highest annual amount on record. The investments cover 20 GW of new capacity that will be built in the […]

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Europe’s Energy Storage Market Expected to Double in 2021: EMMES 5.0

According to a report released by the European Association for Storage of Energy (EASE) and Delta-EE today, Europe‘s annual energy storage market is expected to reach 3 GWh in 2021 from 1.7 GWh in 2020, almost double the growth rate.  The fifth edition of the European Market Monitor on Energy Storage EMMES 5.0, which report […]

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6 GW Offshore Wind Capacity Added Globally in 2020, 50% Plus in China: GWEC

The global offshore wind industry had its 2nd best year ever in 2020 installing over 6 GW of new capacity, driven by a record year in China. According to the latest data released by GWEC Market Intelligence, the global offshore wind industry had its second-best year ever in 2020 installing over 6 GW of new […]

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Wind, Solar Must Grow by 162 & 253 GW for Europe to Meet 2030 Emissions Target: WM

A new report details that for Europe to meet the 2030 emissions target, dramatic changes are needed including increased wind and solar installations A new report by Wood Mackenzie details that while the new 2030 emissions target of Europe of seeing a 55 percent reduction over 1990 levels has made it the undisputed global leader […]

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GE to Deliver 753 MW to Sweden With Europe’s Largest Single Onshore Wind Farm

GE will deliver 753 MW of onshore wind capacity in Sweden for what will be Europe’s largest single-site onshore wind farm. GE Renewable Energy along with Luxcara has announced an agreement to deliver 753 MW of onshore wind capacity with the Önusberget wind farm in northern Sweden. The project will be the largest single onshore […]

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Europe Invested a Record €26 bn in Offshore Wind in 2020: Report

Despite COVID constraints, Europe confirmed a record amount of EUR 26.3 billion of investments in new offshore wind farms in 2020. Despite COVID constraints, Europe confirmed a record amount of EUR 26.3 billion of investments in new offshore wind farms in 2020. This will finance 7.1 GW of new offshore wind which will be built […]

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