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Finance

Renewables powered island can be an outlier for the Greek archipelago

The Greek Ministry of the Environment and Energy has signed a memorandum of understanding with a clutch of private companies to turn the small Aegean island of Halki green as a demonstration of the effectiveness of its planned GR-Eco Islands Initiative.

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The prospects for solar in a 1.5C world

We will need 10.7 TW of clean energy generation capacity this decade to stay on track with the most ambitious of the climate change paths agreed in Paris, which would include plenty of solar investment and jobs, according to the International Renewable Energy Agency.

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‘Residential batteries are less profitable than selling excess power to the grid’

Although self-consumption of solar power is the optimal economic approach, the expense of household batteries at present outweighs the increased ability they offer to use electricity generated on the roof. Whether aggregated ‘virtual batteries’ offer better returns is an open question, due to lack of electricity company transparency.

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‘Denmark could be an 80 TWh clean power market by 2030’

Green hydrogen demand and electrification could drive a solar boom in the nation, according to the chief executive of a developer sitting on 4 GWp of photovoltaic projects.

EU raises another €15bn for Covid-recovery effort

The bloc’s latest two bonds were oversubscribed more than 11 times yesterday as the European Commission announced the results of a second fundraising round which already puts the EU almost halfway to the €80 billion it intends to generate through such instruments this year.

Jinko and Canadian Solar prepare for Shanghai floats

The two big solar players are preparing to list big slices of their business on the STAR market tech board.

New renewables cheaper than legacy coal or gas for almost half the world’s population

Electricity bill payers in nations as diverse as Germany, Greece, India and China should be aware new solar projects can now generate electricity cheaper for them than legacy coal and gas-fired plants.

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East African renewables developers and investors need matchmaking

Lack of grid capacity and renewable energy institutions are a common lament in sub-Saharan Africa but there is no lack of cash to invest, nor eligible projects in East Africa, as a recent event heard; the problem lies in marrying the two.

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GCL sells another 380 MW of solar parks to State Power Investment Corp

With trading in its Hong Kong-listed stock still suspended, the project development arm of the polysilicon manufacturer has continued its drive to sell down its portfolio to state-owned institutions.

‘Low-cost renewable hydrogen may already be in reach’

If the three record-busting low solar price tariffs recorded in the Middle East in the past 18 months are to be believed, renewables-powered hydrogen in prime sites in the region could already compete with gas-plus-CCS production, according to IRENA. Has the Gulf discovered the new petrol?

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