Croatia is preparing to build Eastern Europe’s largest energy storage project. IE Energy has secured €19.8 million ($20.9 million) to develop a 50 MW storage system, potentially extendable to 110 MW by 2024.
Renewable development could be an ideal import exit strategy for Croatia’s power industry ahead of anticipated rising electricity demand, says GlobalData.
Australia has pledged to cut greenhouse gas emissions by 43% and increase the share of renewable power generation in the country’s National Electricity Market to 82% by 2030.
With an estimated 24 GW in geothermal reserves that account for 40% of the world’s geothermal resources, Indonesia is set to accelerate the geothermal power development to solve its energy issues.