Russian invasion of Ukraine weighing on Moldova’s PV sector
The first months of the year pointed to a boom in Moldova’s solar sector, but the war has already started to negatively affect investment decisions.
Sonnedix acquires Polish solar developer Sun Power Energy
The Polish company has a PV project pipeline of over 1GW.
KKR may acquire Albioma
The US private equity giant is interested in the French renewable energy producer as part of its expansion strategy in the renewable energy sector.
Indian green hydrogen will cost $5/kg
Ratings agency ICRA has estimated Indian green hydrogen will cost that much if produced at sites featuring clean energy generation capacity and electrolyzers. That is between 50 US cents and a dollar per kilogram cheaper than in locations where the two systems are not co-located, with the saving possible due to a reduction in open-access, intra-state grid charges.
Subsidies, interest rates, carbon prices could disrupt renewables expansion
German and Swiss researchers have published a new study that questions the idea of a continual decrease in renewable energy costs, given the reality of rising interest rates and higher carbon prices. They outlined a scenario in which interest rates could rise by up to 5% and public incentives for renewables would be gradually phased out. This could result in a loss of 535GW of new renewables capacity, compared to a scenario in which interest rates remain at current levels.
Floating solar project and a battery manufacturing co-op among nine projects funded in Australian coal country
The government of the state of Victoria will fund a floating PV array and an initiative to locally manufacture solar batteries and install a portable renewable energy system for community services during emergencies, as part of its Latrobe Valley program.
IHS Markit: Battery prices won’t fall until 2024
The London-based analyst has published a series of clean tech predictions for the year which also highlighted the rising proportion of sub-5MW solar projects in the global market, and cheaper clean energy financing costs even as panel prices continue to rise.
EU member states to spend €18bn of Covid cash on renewables
The 22 nations which have had their “recovery and resilience” spending plans approved by the European Commission are set to devote billions to clean energy facilities, with the cash set to be disbursed in three payments to the end of next year.
Philippine irrigation body offers up sites for floating solar
With senators having called for plantation-wide solar powered pumping projects, funded by public money, the country’s National Irrigation Administration has agreed and said it wants to embrace floating solar facilities too.
World’s largest off-grid battery project reaches financial close
A consortium of developers led by ACWA Power has secured financing for the Red Sea project, on the west coast of Saudi Arabia, which is set to feature a 320MW solar array and a 1.3GWh off-grid battery.
