Bringing green hydrogen to market
German companies Uniper and Siemens will cooperate on joint projects to advance the use of green hydrogen and sector coupling. Conventional, gas-fired hydrogen production plants will be gradually transformed as part of the initiative.
Spain is Europe’s cheapest market for corporate solar PPAs
The country’s solar sector offers the lowest average prices for corporate power purchase agreements on the continent, according to BloombergNEF.
Global corporate PV funding down 31% amid Covid-19 crisis
Mercom Capital Group has issued a report tallying up financial activity in the solar sector between January and March 2020. The sobering result is that cash flows are down by considerable margins on all metrics.
France awards 960 MW of solar through different tenders
Minister of the Ecological and Inclusive Transition Elisabeth Borne told a teleconference of renewables representatives the results of a recent slew of clean energy tenders which allocated 1.7 GW of generation capacity and also revealed new measures being taken to support the industry.
Covid-19 daily bulletin
pv magazine rounds up the latest Covid-19-related stories likely to affect the world of solar and energy storage.
Netherlands to support residential PV through net metering for the entire decade
The Dutch government is planning to reduce tariffs by 9% annually from 2023 to 2030. The plan should still ensure a reasonable payback time for homeowners willing to go solar, according to the authorities.
Chinese module manufacturer unveils bolt-on plan to raise capacity
A Solargiga subsidiary has handed over $2.5 million to almost double its stake in a 1.2 GW capacity module manufacturing business set up in June by investors which include the local government.
Crucial Chinese solar portfolio sale held up a third time
Investors in debt-saddled PV developer GCL New Energy will have to wait at least another month before a vote on a proposed project sale to a Chinese state-owned entity which would bring benefits of $526 million.
Jordan switches off unsubsidized solar projects
The Middle Eastern kingdom has ordered the shutdown of solar wheeling facilities which use the grid to connect to energy offtakers. The move has come in response to tumbling electricity demand after the nation halted all non-essential industries as it tries to limit the spread of Covid-19.
Chinese developer buys back three-year senior notes issued three months ago
The board of bailed-out Singyes Solar has bought back $18.4 million worth of notes issued in Singapore in late December and also hoovered up $240,000 worth which were unclaimed in the fundraising round.
