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Rising gas prices, lower renewables output driving up European power costs

AleaSoft Energy Forecasting says rising gas prices coupled with lower solar and wind production had an upward influence on European electricity prices in most markets last week. France, Portugal and Spain all broke their daily solar production records in October.

Key takeaways from European Heat Pump Association forum

The European Heat Pump Association’s (EHPA) recent two-day event in Brussels came as heat pump sales across 13 European countries fell 47% year on year. Attendees discussed how policy and the industry can reverse the decline, stressing the need to better communicate the benefits of heat pumps to customers.

Global average solar LCOE stood at $0.044/kWh in 2023, says IRENA

The International Renewable Energy Agency (IRENA) says the result represents a 12% year-on-year decline. The figure has fallen 90% since the start of 2010.

EU opens infringement procedures on 26 member states over energy permit laws

The European Commission says only one member state, Denmark, has transposed provisions covering permissions for renewable energy projects into national law. It has launched infringement procedures on 26 other countries and has given a two-month deadline.

Pexapark says European developers signed 13 PPAs for 460.4 MW in August

Swiss consulting firm Pexapark says European developers signed 13 power purchase agreements (PPAs) totaling 460.4 MW in August, down 62% month on month in terms of capacity. It represents the lowest monthly PPA volume since August 2023.

Lower solar, wind output drive European electricity prices up

AleaSoft Energy Forecasting says most major European markets recorded higher electricity prices last week due to lower solar and wind production and despite a drop in gas and CO2 prices.

Danish solar park gets go ahead after 25 companies sign PPA

A coalition of 25 Danish companies has signed a five-year power purchase agreement (PPA) to buy electricity from a new solar project in Denmark. The deal is with electricity supplier Reel Energy and developer Energicenter Nord.

PV-based molecular thermal energy storage system achieves 14.9% solar utilization efficiency

An international research term investigated the feasibility of converting solar energy into chemical energy with the design of a hybrid device featuring a solar energy storage and cooling layer integrated with a silicon-based solar cell. Under testing, the device recorded a record energy storage efficiency and decreased the cell’s surface temperature by approximately 8 C under standard solar irradiation conditions.

Malaysian scheme lets businesses buy on-grid renewables from developers

A new initiative now allows businesses in Malaysia to purchase green electricity directly from renewable energy developers through the national grid. The country’s Ministry of Energy Transition and Water Transformation (PETRA) estimates that it will generate more than MYR 10 billion ($2.4 billion) in direct investments.

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Storing surplus PV power with thermal storage electric boilers

Tokyo-based heavy industry manufacturer IHI Corporation has created a thermal utilization system that can convert surplus direct current power at solar plants into carbon-free steam. A test project that commenced in April has used all generated electricity and is operating stably, the company says.

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