Maximpact Blog

Renewables Lead Europe’s Answer to Wartime Energy Crisis

BRUSSELS, Belgium, November 18, 2023 ( Sustainability News) – The European Commission has approved a €3 billion Austrian plan to support companies facing soaring energy costs due to Russia’s war against Ukraine. Solar photovoltaic capacity, both large utility-scale and small distributed systems, accounts for two-thirds of this year’s projected increase in global renewable capacity.

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