Renewable energy investment to increase by $210 billion over five years
Backing for renewable energy assets is set to rise 10% with grid-scale PV the most attractive opportunity among investors surveyed for a new report. But improved investment vehicles and outsourced asset management are still needed if climate change is to be mitigated.
Amprion and OGE announce 100 MW power-to-gas project in Germany
The €150 million project is entering the approval phase. Using the new facility, expected by 2023, the two companies will test how electricity from renewable energy can be converted into green hydrogen and green methane via electrolysis.
Balearic Islands to be powered by renewable energy in 2050
The Balearic parliament is today set to approve the Law on Climate Change and Energy Transition that includes, among other measures, an obligation to incorporate PV panels in car parks and new buildings. The bill also mandates the closure of all polluting power plants from next year and a prohibition of diesel vehicles from 2025, and petrol engines from 2035.
United States: Texas’ solar market is about to catch fire
With more than 5 GW of approved solar projects in the ERCOT grid, Texas is getting ready for a major boom in its utility-scale solar market.
Cambodia’s 100 MW National Solar Park project moves forward
The Asian Development Bank, which is backing the plant, is seeking project consultants. If built, the solar park would improve the country’s limited power supply and bring technical benefits to the national grid.
EDF helps Londoners share solar power using blockchain
The CommUNITY project is being realized outside the U.K. regulatory framework, which does not permit power trading between electricity customers.
Slovakian utility ZSE launches virtual battery for residential PV
The service, costing €2 per month, is for residential customers that use PV products provided by the power company. The system is provided by E.ON group – a shareholder in the Slovak utility – and has already been launched in Germany, Czechia and Italy.
PPA-backed solar roll-out sees £20 million pledge in the UK
NESF and Zestec have joined forces for the development of a commercial portfolio in the U.K. NESF provides the capital, which will be refinanced through the proprietary PPA model by Zestec.
Grenergy to build another 30 MW of PV in Chile
The Spanish company has agreed with the Canadian CarbonFree the sale and construction of four new solar plants in Chile worth $33 million.
New Zealand identifies 11 GW solar potential
The nation already meets well above 80% of its electricity demand from renewable energy. With e-mobility and electric industrial processes on the rise, higher demand has created new development opportunities.
