Finance

Long distance, point-to-point transport of green hydrogen for industrial use can harness the cheap solar electricity available in some parts of the world but distributing the energy-storage gas to individual refueling stations, for vehicle fuel cell use, will likely have to depend on production nearby.

Such a decision, which industry body the CPIA is adamant has already been announced, could make all the difference to investors struggling with a surge in equipment costs fueled by the polysilicon shortage. The all-important National Energy Administration, however, has yet to confirm whether the CPIA’s interpretation is correct.

Utility DEWA has announced the first 300 MW of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park will be commissioned next month, with the first stage of the fourth phase due to arrive two months later.

The first batch of five-year investments, offered through German-owned Polish lender Mbank, will raise money to expand a solar portfolio R.Power claims already stretches to more than 4 GWp in its domestic market.

Energy efficiency, electrification of heating and transport, and the provision of clean cooking facilities are all going in the wrong direction as the Covid crisis deprived millions in sub-Saharan Africa of electricity use, according to a report by the IEA, IRENA, WHO, World Bank and UN Statistics Division.

Welcome to the first day of the pv magazine Roundtable Europe event! We have a packed two-day schedule planned for you comprising four cornerstone issues that will define the industry as it cements itself as a key pillar of the continent’s energy transition: Quality, Asset Management, Sustainability and Made in Europe, and the Innovation Hub: Hydrogen, battery storage, and e-mobility.

World Bank arm the International Finance Corp has now extended almost €76 million of credit into two sustainable lending facilities launched via Raiffeisen Bank.

The holders of $500 million worth of senior notes which were not settled in late January have accepted the polysilicon manufacturer’s plan to issue fresh three-year investments, after a meeting in Bermuda on Friday.

Private sector fossil fuel spending on exploration is drying up just as modest rises in clean energy investments are being observed. With stock market investors increasingly embracing renewables, the IEA has observed positive signals in its latest energy investment report, but warned we are still doing far too little to keep global heating at bay.

The Norwegian renewables business said the PPA-linked generation capacity is part of a wider, $1 billion complex which will feature 540 MW of solar project capacity and 225 MW/1.14 GWh of battery storage.