Spain’s cumulative PV capacity under its self-consumption regime hit 5.24 GW at the end of December.

Swiss consultancy Pexapark says falling energy prices, lower heating needs, and healthy gas reserves have had a calming effect on the European power purchase agreement (PPA) market. It foresees an increase in transactions over the short term.

The Spanish authorities have allocated €150 million ($161 million) to a new energy storage program.

The Portuguese authorities plan to award 10-year contracts to developers for 3,000 tons of green hydrogen and 10,000 tons of renewable methane.

Erthos claims that with its new installation method, solar facilities could occupy just one-third of the surface covered by conventional PV plants, potentially reducing installations costs by up to 20%.

The European Commission has voted in favor of capping the price of gas imported from Russia. The measure was supported by Germany, with the Netherlands and Austria abstaining, and Hungary voting against it. The cap will be triggered if a price of €180 ($190.97)/MWh is surpassed for three days in a row.

Members of the European Parliament (MEPs) have amended a European Commission proposal on approval times for new renewables projects. Approvals will be shortened from 12 months to nine for projects in so-called “renewable acceleration areas.”

European prices for power purchase agreements rose in several countries in November, with the Polish index recording an increase of 19.4%. Portugal registered an increase of 15.5%, followed by Spain at 15.7%. Germany was the only country that recorded a monthly decline, with prices falling by 0.8%.

Meteo for Energy offers meteorological prediction and energy production models for photovoltaic, solar thermal, and wind power generation. The new model applies “deep learning” to images from the Meteosat satellite.

Guacolda Energía has completed a 3 MW solar project in Tierra Amarilla, Chile. It is the the world’s first solar project to be built on a tailings dam.