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Covid-19

The weekend read: Green utilities show resilience

European utilities with large exposure to renewable energy have performed well this year, despite a downturn in both energy demand and prices on the back of Covid-19.

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Green projects eligible as EU throws another €40bn at Covid recovery

Italy is in line for €11.4 billion if member states sign off an emergency funding package which will distribute funds based on the GDP and unemployment figures of their economies in June, July and August.

‘Solar should be at heart of EU recovery’

Solarpower Europe has called on member states to put solar and battery storage front and center when it comes to drawing up the Recovery and Resilience plans needed to secure a slice of the bloc’s proposed €672.5 billion post-Covid stimulus package.

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European Council reaches €1.82tn budget agreement with parliament

The parliament and EU member states will now mull the proposed budget for 2021-27 which includes a €750 billion Covid recovery package and a Strategic Investment Facility it is hoped will unlock €150 billion for renewables and energy storage to 2027.

World could add more than 900 GW of solar by 2025 if politicians grasp the nettle – IEA

With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.

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Scatec stock price stymies extra shares issue plan

Shares in the Norwegian renewables company have been trading below the $26 price linked to a recent $527 million fundraising issuance which the developer launched to fund its planned acquisition of hydropower business SN Power.

Solar challenges and trends and Covid-19 discussed at 2020 Africa Energy Forum

The 24-day, digital 2020 Africa Energy Forum kicked off on October 20. The event brings together African energy sector officials to identify opportunities, air their views, form partnerships, and take the necessary steps to improve the industry. For solar, challenges in policy making, procurement processes and the effects of the Covid-19 pandemic were discussed, as well as emerging trends such as solar digitalization.

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World Bank allocates $50m credit for commercial solar panels in Brazil

The finance is being made available through Santander Brasil as part of an $8 billion global response to Covid-19.

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World is set for 3.3C temperature rise, predicts Bloomberg

Although the global solar industry might be cheered by the prospect of a healthy slice of an expected $12 trillion, 30-year windfall, governments are falling far short of steering us clear of catastrophic global heating, according to the analyst’s latest New Energy Outlook report.

Major economies should divert fossil fuel Covid-recovery cash to clean energy before it’s too late

A report by Finnish company Wärtsilä has estimated the potential impact if every dollar committed to a non-renewables energy sector recovery was instead funneled to clean power.

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