West Africa hogged more than twice as much investment as the east in a year which saw stock market backing plunge an ‘alarming’ 46%, leaving donor grant funding and debt to pick up the slack during a Covid-hit year, according to off-grid industry body GOGLA.
Rising volumes of photovoltaic project capacity are increasing the incidence of negative price periods for electricity–and changing the times of day when they occur.
An ‘explosive’, ‘booming’ global solar market in the second half of a Covid-hit 2020 saw the previous glass manufacturing overcapacity reversed, as float and auto glass producers bent all their efforts on making material for PV modules.
A record number of defaults last year has spooked some lenders, according to Solargiga, but the solar manufacturer has announced ambitious plans to ramp production capacity this year and next.
The Greek government has published its plan for a post-Covid economic recovery. The strategy aims to mobilize at least €10 billion towards the green energy sector, with the prospect of further EU loans on top.
That was just one of the revelations of the latest Dentons’ Guide to renewables investment in Europe, which also noted solar plants could be switched off in Slovakia, Ireland could go either way on clean power pricing, and Luxembourg is struggling with a surprising headache.
Patrik Huber, co-founder and managing director for East Africa at renewables leasing company Solarise Africa, has spoken to pv magazine about the company’s take on how the region can prime for a green recovery. Huber explained Solarise’s contribution to the recovery includes recent expansion into three new countries.
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