The Platform on Sustainable Finance was unstinting in its criticism of a suggestion made by the EU executive on New Year’s Day, that the divisive energy sources be considered eligible for support in the bloc.

With five public entities having committed RMB1.25 billion into a project to produce copper, indium, gallium, selenide solar modules five years ago, the joint venture has been abandoned at an estimated impairment cost of RMB1.42 billion.

The National Energy Administration (NEA) reported this week that the newly installed PV capacity for the Chinese market reached around 53 GW last year. Of this capacity, around 29 GW comes from distributed generation projects. The country’s cumulative installed power reached 306 GW at the end of December.

Brussels has asked interested parties how the permitting process for renewable energy sites can be simplified across the EU and how private PPAs can be made more attractive. Respondents can submit their thoughts until April 12.

Jiangxi Jinko plans to issue 2 billion shares at RMB5.00 per share and expects to raise net proceeds of around RMB 10.0 million. Solar manufacturer Solargiga said it expects a 17% revenue growth for 2021.

The Italian energy major this morning announced it had acquired German-owned clean power developer Solar Konzept Greece.

Figures released by Eurostat this week indicated the monumental task facing the renewables industry as Europe attempts to replace a power source which generated a quarter of the bloc’s electricity in 2020.

The 11 planned off-grid networks will offer clean power to around 20,000 people for €0.28/kWh, according to one of the EU bodies which is backing the project.

Wood Mackenzie has predicted solar equipment cost increases will ease back after last year saw the average cost of solar electricity rise for the first time in the Asia-Pacific region.

Electric transmission company Elia Group noted a bigger slice of the generation mix occupied by nuclear last year, just hours after a London-based consultant said the nation was on track to switch off its reactors before 2026.