European loan to fund 107,000 home solar panels in Benin
The European Investment Bank says a new €10 million ($10.5 million) loan will offer electricity access to almost 650,000 people in Benin.
Solar LCOE may drop to $0.018/kWh in Africa by 2030, says IEA
The International Energy Agency’s latest “Africa Energy Outlook” report says grids will need to be expanded, along with natural gas exploitation, if everyone in Africa is to have access to electricity by 2030. On the solar front, the document predicts a levelized cost of energy of $0.018/kWh to $0.049/kWh by 2030 – cheaper than wind power or gas.
New on-demand rooftop solar investment platform
Legends Rooftop is an online tool that allows investors to purchase off-site rooftop solar panels as a financial investment.
Nigerian state to install 600 MW of C&I solar in pursuit of 1 GW goal
The Nigerian state of Lagos and the World Bank have announced plans for 1 GW of rooftop PV by 2030.
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.
