Renewables generated more electricity than coal in the EU for the first time ever in 2019, driving the sharpest reduction in the European power sector’s carbon emissions in three decades, according to a new report.
Solar deployment continued to pick up in the Middle East and North Africa in 2019, the Middle East Solar Industry Association has said in its annual report.
The German PV equipment provider has agreed to supply manufacturing equipment for CIGS thin-film solar panels to the CNBM Bengbu Design and Research Institute for Glass Industry, a subsidiary of cement producer China National Building Material.
The Abu Dhabi Fund for Development will support half a dozen megawatt scale projects featuring solar in the Caribbean and Africa. In addition to around 42.5 MW of new solar capacity, the fund will also back the development of energy storage, waste-to-energy and biogas facilities.
The U.S. asset management fund’s plan to cut future investment in coal is reportedly part of a climate-focused initiative to establish sustainability at the center of its business approach. The announcement comes weeks after the investor closed $1 billion of a record $2.5 billion fund focused on PV, wind and energy storage projects.
The company will provide two 50 MW systems for investor the Gore Street Energy Storage Fund and project developer Low Carbon. The projects will be completed by the first quarter of 2021.
The Spanish utility said it is now ready to connect the Nunez de Balboa project to the grid. The facility is expected to start generating electricity at some point in the first quarter of 2020.
Trade body SolarPower Europe’s preliminary statistics suggest this could be the continent’s best year for PV since 2010, with capacity additions set to soar 104% year on year. Spain is leading the way with an expected 4.7 GW of new solar, followed by Germany, with 4 GW.
The EIB and the Hydrogen Council aim to jointly develop new ways to generate funding for hydrogen projects under the European Commission’s InnovFin Advisory program. The two parties, however, have not disclosed the financial terms of their planned collaboration.
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