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Canadian Solar invests in British ‘merchant battery’ AI company

Oxford-based Habitat Energy uses machine learning algorithms, artificial intelligence (AI) and its own trading platform and software to maximize profits from utility scale storage facilities. A Canadian Solar statement about the arrangement, issued today, contained no financial details about the co-operation.

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Saudi Arabia’s 1 GW solar tender invites bids by June 3

The 1.2 GW, Covid-delayed third round of the kingdom’s clean power program is back up and running, despite the fact the top news story on the relevant government department’s website is dated April 2020.

EU carbon price running at level not expected until next year

Emissions permits are selling at around €50 per ton, completing a rally from last year’s Covid-driven slump faster than expected by business respondents to the 2021 Refinitiv Carbon Market Survey.

Green hydrogen supply chain concerns

With South Africa holding 63,000 of the world’s estimated 69,000 metric tons of platinum reserves – according to the Statista.com website – and Russia and Zimbabwe a further 5,100 between them, the European Commission has cited the metal as an example of a potential supply chain bottleneck that could handicap its grand plans for renewables-powered hydrogen production.

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SolarPower Summit 2021 live blog

pv magazine will be hanging out with the great and the good of the European solar scene this week, during the three-day SolarPower Summit 2021 organized by industry body SolarPower Europe, which began on Monday. Keep an eye on this live blog for regular updates from our virtual correspondents.

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Eurostat figures confirm rise of renewables during Covid-hit 2020

While solar, wind and hydro generated 80 TWh more electricity last year than in 2019, coal and oil use fell in every EU member state, and Greek energy emissions fell almost 19%.

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EU finances 100 MW solar plant in Uzbekistan

French energy company Total is developing the solar field near Samarkand, which will sell power to National Electric Networks of Uzbekistan under a 25-year power purchase agreement.

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New accountant to probe whether GCL project payment was between ‘related parties’

The near-$80 million handed over to a contractor in 2019, of which around $2.3 million was retained by the recipient, is now being investigated by an independent accountant. Meanwhile, GCL’s shares remain suspended because the payment issue is holding up its 2020 accounts.

South African bank secures continent’s ‘first green loan’

The private-sector arm of the World Bank says it will lend up to $150 million to Johannesburg-based Absa Bank for green project funding.

Polish solar developer bought by Norwegian state-owned energy company

Buyer Equinor could be in for a pleasant surprise – its assessment Wento boasts a 1 GW solar project pipeline in the nation significantly under-reports the 1.6 GW claimed by private equity fund seller Enterprise Investors.

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