A simmering cauldron of renewables ‘revenue cannibalization’
There is enormous demand for renewables to enter the grid, and for power purchase agreements to make use of them. However, as more renewables feed into the grid at intermittent periods, the risk of “revenue cannibalization” increases. Swiss consultancy Pexapark’s latest report looks at the “cannibalization effect” and how the solar PPA market can adapt.
EU energy fund to commit $514 million for solar projects at Romanian mining waste sites
Panels will be installed at waste sites in five mining towns as part of the latest, €2.4 billion ($2.57 million) round of investment from a fund set up to help coal-dependent European member states with the energy transition.
UK offers households up to $7,500 off heat pump costs
Homes and small businesses in England and Wales will be able to claim a discount off installation costs from a fund that will allocate $188 million annually as part of the subsidy program.
Irena gives latest update on stark chances of electricity access for all by 2030
The International Renewable Energy Agency’s latest annual report on the progress towards UN sustainable development goal seven estimates 670 million people will still lack electricity in 2030, and more than 2 billion will be reliant on unhealthy, polluting cooking methods.
Investors present European legislators with hydrogen economy wishlist
If the EU is going to drive more than half a trillion dollars worth of hydrogen investment over the coming decades, it will need to get investors onside. The European Investment Bank has surveyed financiers to find out what they want.
Analyst predicts extent of rise in this year’s solar capital costs
Wood Mackenzie this week made a slew of predictions for the industry in 2022 and noted the effects the US’ recently announced anti-circumvention investigation is already having on utility scale plans.
Solar and heat pumps drive UK’s public sector net-zero plans
Solar panels accompany heat pumps on a significant number of the projects being funded by the UK government to reduce carbon emissions from public buildings – but not in Scotland.
Canadian Solar plans to ramp up production capacity
Having warned of in-house solar wafer and cell capacity as recently as the third quarter of 2021, the company has announced it will be adding even more production lines this year.
Burkina Faso set for 27 MW solar project
The Zina solar field, which is being developed by Amea Power, is being financed by the World Bank’s private sector arm and will be constructed in Mouhoun province.
Latest EU electrolyzer pledge could speed up solar permitting
With an estimated 500 TWh of renewable electricity needed to produce the 10 million tons per year of clean hydrogen wanted by the European Union by 2030, the recent promise to ramp up European electrolyzer production capacity could give a boost to solar developers grappling with sluggish permitting regimes.
