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Dutch pension fund and Shell eye acquisition of energy company Eneco

PGGM and Shell have expressed interest in acquiring sustainable energy company Eneco, a municipality owned business which wants to go private. The energy provider has installed 100 MW of PV and operates in northwest Europe.

Kaco sells central inverter business to Korean developer OCI Power

German concern Kaco has sold its central inverter business. The German manufacturer hopes to focus on its string inverter and energy storage branches while the South Korean buyer hopes the newly acquired knowhow can improve the energy efficiency of its large-scale PV parks.

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Pakistan regulator reviews 50 MW PV proposal, armed forces seek 26 MW

Pakistani regulator NEPRA is considering a tariff for a 49.5 MW site in the Khyber district. At the same time, the country’s armed forces are eyeing PV deployment for their operations.

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Cepsa and Masdar ink agreement for 600 MW of renewables in Iberia

The energy companies have signed a partnership agreement to expand their portfolios on the Iberian peninsula. Spain and Portugal have ambitious decarbonization plans requiring large capacities of renewable energy resources in the years to come. Spain’s PV market could reach 6 GW this year.

Enel touts €1bn green bond and bags 70% of Polish demand response market

The energy giant’s finance subsidiary placed a bond in Europe to finance its renewable energy and infrastructure projects and secured 70% of Poland’s demand response capacity market for the 2021-2023 period, in the first auctions of their kind in the nation.

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SolarNow to bring off-grid PV to 17,500 more Ugandan homes

The domestic company has cleared a third debt funding facility of $9 million with Kenya-based SunFunder, responsAbility and Oikocredit. The credit means 2.5 MW of off-grid capacity, enough to bring energy to 70.000 people.

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EU issues £1.9 million grant to Britain for PV and energy efficiency

The UK cities of Bristol and Plymouth and the county of Devon will get £1.9 million to develop energy efficiency, sustainability, and clean energy projects. Bristol in 2014 received a £50 million grant to accelerate its plans to be carbon neutral by 2050. Devon has ambitious plans of becoming 80% carbon neutral by the same date.

UK government opens consultation on large scale PV-plus-storage rules

In the U.K., systems bigger than 50 MW fall under the Nationally Significant Infrastructure Projects regime and require special permitting. With the aim of optimizing the market for higher storage penetration, the Department for Business, Energy and Industrial Strategy is holding a consultation until March 25 to determine whether to retain the 50 MW threshold.

Grid parity’s muddy trails

Europe’s new breed of grid parity projects is mushrooming on the southern fringes of the continent. With governments’ flexible attitude towards remuneration, to the detriment of reliable planning, the desire to make grid parity projects work is strong, and its progress will likely spread north.

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Unlocking Scandi-candy for PV projects in developing countries

A new report suggests that better guarantee mechanisms and securities could unlock more investments from Scandinavia for renewable energy projects in developing countries. Overall, however, it finds that Norway, Sweden and Denmark have comprehensive mechanisms in place for bringing together industry and public support schemes.

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