Finance

Power market regulator favors a flat rate fee for electricity consumers to fund the cost of making the U.K. grid fit for the energy transition. Solar lobbyists say that will unfairly penalize households and businesses who have invested in on-site generation.

PI Berlin plans to open a headquarters in Spain next year. pv magazine has spoken with Senior Consultant Asier Ukar about market expectations, the most recurrent quality failures in Spain, risks, certification and protectionism. “After 10 years, we return to Spain with much enthusiasm,” he told us.

The coalition government has reached agreement on the FIT reduction for rooftop PV not exceeding 750 kW in size. According to a draft bill, seen by pv magazine, the FIT will be reduced to €0.0987/kWh from February, with further cuts in March and April, which would take it down to €0.0890/kWh.

Through the program, the French government is supporting projects ranging in size from 100 kW to 5 MW. Tenders, to award 20-year FIT contracts for projects, will be held by the end of 2019.

The news came with Canada’s Fall Economic Statement. Through the new policy, the business case and access to finance will be improved to accelerate the adoption of renewable energy resources. This February, Canada proposed phasing out coal generation by 2030.

Australian mining company Resolute Mining has inked a JDA and PPA with Ignite Energy, to construct what it says is the world’s largest off-grid solar hybrid plant, at one of its gold mines in Mali.

The Chinese manufacturer saw shipments increase 24.4% year-on-year, to around 3 GW of modules in the latest quarter, with overseas shipped products accounting for approximately 80% of sales. The outlook for full fiscal 2018 was maintained almost unchanged, while new positive changes from policy side in China are confirmed.

Rachel Reeves, Chair of the Committee for Business, Energy and Industrial Strategy (BEIS), has released a comment indicating the discontent with which she views government plans to scrap export tariffs on 31 March 2019. The scheme remunerates small-scale generators, and its abolishment has been likened to theft and sparked a feud between the industry and politics. Last week, U.K. Energy Minister Claire Perry also said that forcing generators to export for free would be “wrong”.

The solar manufacturer and developer has joined forces with Singapore’s ISDN and plans to expand its battery operations in the region. Elsewhere though, Longitech’s latest fundraising exercise has fallen flat.

Four electricity suppliers have been named by Ofgem for missing payment deadlines for penalties prompted by their failure to meet renewable energy buying obligations. A separate fund for small-scale generators, paid for by energy suppliers, also has a financial shortfall.