Developing a responsive and transparent power market by 2030 is a key component of Singh’s reforms roadmap for introducing intense competition to achieve the Narendra Modi government’s objective of providing 24X7 affordable power to all NEW DELHI: India joined the ranks of developed markets such as the US and Europe with power minister R K […]
UK’s Largest Solar Project Approved, Will Snub Government Subsidies
A 350-megawatt U.K. solar project won its planning approval in Britain, hinting at a revival of a once-booming market. Cleve Hill, the U.K.’s largest-ever solar project, received its government planning approvals this week. The question is how the 350-megawatt development proceeds from here in a large-scale solar market that has all but died out. Located […]
WoodMac: Wind, Solar and Storage to Dominate Europe’s Power Grid by 2030
Batteries will beat natural gas peakers on cost across Europe by the end of the decade, according to new research from Wood Mackenzie. Europe’s power system will look very different in 2030, with energy storage supporting the “dominance” of wind and solar generation, according to new research from Wood Mackenzie. The big five European markets […]
India-European Union Flagship Call announced on Integrated Local Energy Systems at India Smart Utility Week
Sweden and India announce co-funding for a multi million dollar programme on Smart Grids India-European Union Flagship Call on Integrated Local Energy Systems was announced at India Smart Utility Week 2020 in the presence of Prof Ashutosh Sharma, Secretary, Department of Science & Technology (DST) and European Union Ambassador to India Mr Ugo Astuto. This […]
RE associations sent letter to EC urging action to solve permitting bottlenecks
EU renewables industry to European Commission: getting permitting right is key to unlocking new investments Today, renewable energy associations – WindEurope, Bioenergy Europe, EGEC, EREF, ESTELA, Ocean Energy Europe, ESTIF and SolarPower Europe – sent a letter to the European Commission urging concrete action to solve permitting bottlenecks for renewables. The letter delivers a clear message from […]
Poland: Electric vehicle battery production in Europe gets boost thanks to EIB loan of €480 million to LG Chem Wroclaw Energy
First EIB loan to LG Chem Group and its Polish subsidiary will support the construction of manufacturing facilities for advanced lithium-ion cells and batteries for battery-powered electric vehicles The project will contribute to the clean energy transition and the shift towards electrification of the European transport industry and secure the supply of advanced li-ion batteries for European […]
Europe Was at the Start of a Huge Solar Rebound. Does Coronavirus Threaten That?
Construction delays are manageable, supply-chain worries appear unfounded and low-risk solar investments may shine in an uncertain climate, experts say. Europe’s solar renaissance looks set to continue blossoming despite the impact of the coronavirus and falling power prices, experts and investors say. A combination of new competitive tenders and the increasingly favorable economics of solar […]
Europe: Power-Year-ahead prices tumble to near two-year lows
The benchmark European Union carbon permit price, which power generators hold to cover their carbon emissions, fell to its lowest since November 2018 as the coronavirus epidemic was expected to drive down industrial output and emissions PARIS: European baseload power prices for year-ahead delivery hit near two-year lows in wholesale trade on Wednesday, tracking the […]
Germany Seals $45B Coal Phaseout Deal
Hard-hit regions and utilities will be compensated for their role in Germany’s energy transition, but RWE faces more than $1B in uncovered costs. Germany’s federal and state governments agreed Thursday on the tricky terms of the country’s coal phaseout, with the total bill set to run to €40 billion ($44.6 billion) as hard-hit regions are […]
Solarcentury Gets Boost From UK Government for 500MW Overseas Pipeline
Britain wants to spark a post-Brexit green industrial revolution, but its greatest opportunities for renewable exports likely lie with wind, not solar. Developer Solarcentury has secured €54.8 million ($61.1 million) of finance for 500 megawatts of solar in Spain — with a little help from the U.K. government. The backing by U.K. Export Finance, the […]
