Croatia Aims for Full Renewable Electricity by 2030
Croatia is making strides towards achieving its ambitious goal of sourcing all its electricity from renewables by 2030. A recent study indicates that this target is entirely achievable through strategic planning and investment in renewable energy sources. The European Commission has also urged Croatia to accelerate its renewable energy deployment, particularly solar power, to address high electricity prices for businesses[1].
Global Clean Energy Investment Set to Rise
Global energy investment is projected to reach a record $3.3 trillion in 2025, driven by concerns over energy security and economic uncertainty. Despite geopolitical tensions, the focus remains on increasing investments in clean energy technologies to support the global transition to renewable energy sources[4].
EU Renewable Energy Share Decreases in Early 2025
In the first quarter of 2025, the EU’s share of electricity generated from renewable sources fell to 42.5%, down from 46.8% in the same period of 2024. This decrease was largely due to lower hydro and wind production, despite an increase in solar energy generation. Croatia maintained a high share of renewables, with 77.3% of its electricity coming from renewable sources[5].
Clean Energy Projects Cancellations in the U.S.
In the first fiscal quarter of 2025, nearly $8 billion in clean energy projects were canceled, closed, or downsized in the U.S. This trend continued in May with significant cancellations, including a $300 million EV manufacturing facility by General Motors. The cancellations are attributed to policy uncertainty and potential changes in clean energy tax credits[8].