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EU eyes 46% indicative electrification target by 2040
EU eyes 46% indicative electrification target by 2040

The European Commission (EC) will assess an indicative electrification target of 46% by 2040 as part of the post-2030 Energy Union package, the EU’s executive body said today as it presented its Electrification Action Plan.

addedJul 17, 2026
addedJul 16, 2026

Indian-origin long-duration energy storage (LDES) developer Offgrid Energy Labs is preparing to launch a Series B funding round in the coming months to support its growth ambitions following the recent launch of its first commercial pilot production line in the UK.

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addedJul 14, 2026

Neretek, a newly launched offshore wind technology company targeting the market space between traditional fixed-bottom foundations and less mature floating structures, expects to decide on a full-scale demo and a commercial project next year, executive chair Jonathan Cole told Renewables Now.

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addedJun 24, 2026

The decision by the EU to ban financing for inverters from high-risk provider countries is already changing customer buying behaviour, Lars Stephan, who leads the Policy and Advocacy Department for US energy company Fluence, said at the recent European Sustainable Energy Week (EUSEW) conference in Brussels.

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addedJun 23, 2026

Paul Warley, CEO of US flexible thin-film photovoltaic (PV) panels maker Ascent Solar Technologies Inc (NASDAQ:ASTI), sees great opportunities in the area of solar power generation in space as the market is expanding.

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Grid modernisation

The European Commission (EC) will assess an indicative electrification target of 46% by 2040 as part of the post-2030 Energy Union package, the EU’s executive body said today as it presented its Electrification Action Plan.

Capacity wars

Chinese wind turbine maker Goldwind Science & Technology Co Ltd (SHE:002202) said today it is advancing localisation efforts in Turkey as part of a long-term commitment to the market, including a cooperation with South Korean wind tower manufacturer CS Wind.

The European Commission (EC) will assess an indicative electrification target of 46% by 2040 as part of the post-2030 Energy Union package, the EU’s executive body said today as it presented its Electrification Action Plan.

Chinese wind turbine maker Goldwind Science & Technology Co Ltd (SHE:002202) said today it is advancing localisation efforts in Turkey as part of a long-term commitment to the market, including a cooperation with South Korean wind tower manufacturer CS Wind.

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