Bail-out of Chinese developer could drive 735MW of solar
Heavily-indebted developer Beijing Enterprises Clean Energy has said it plans to use part of its anticipated $600 million windfall constructing 655MW of agrivoltaic and acquaculture-linked PV generation capacity.
Seesawing energy prices renew demand for solar in North Africa
Climate change ambitions announced by the governments of Egypt and Morocco are symptomatic of a desire for clean power sites with regional policymakers leaning towards auction-set payments for clean power, according to a recent webinar.
UK considers reform of renewables subsidy regimes
A conference about the UK’s electricity market showed organizations are considering the future of the country’s energy sector and how to achieve a net zero economy.
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.
