Definition
RED III (Renewable EnergyEnergy from sources that renew naturally - wind, solar, hydropower and bioenergy - as opposed to fossil fuels. Directive III, 2023/2413/EU) is the third revision of the EU's Renewable Energy Directive and sets a binding target of at least 42.5% renewable energy in the EU's energy mix by 2030 (with an ambition of 45%). The directive imposes requirements for faster permitting of renewable energy projects, improved support for energy communities and prosumers, and increased use of renewable energy in industry, transport, and buildings. For the power sector, the directive is particularly relevant for the development of solar and wind energy, as well as the integration of flexibilityAbility to change power consumption or production in response to price signals or system operator needs. and energy storage.