Europe’s coal powerhouse is making progress in the deployment of renewable energy and it appears that the nation’s banks are beginning to see the value of clean-power investment.
The third round of the nation’s Large Scale Solar procurement program was oversubscribed more than 13 times its 500 MW limit. The final electricity price is likely to beat the previous $0.079-0.13/kWh to settle somewhere around $0.042-0.057.
A 600 MW project will be built on degraded land by a Polish investment fund and utility PGE has agreed to build a 500 MW facility for one of the country’s largest energy intensive companies – copper and silver producer KGHM Polska Miedź.
At the end of June, France’s installed PV capacity topped 9.3 GW for a 4% increase on the figure recorded at the end of December. Only 397 MW of new capacity was put into operation, however, a much lower figure than the 490 MW deployed in the same period of 2018. Why?
Having stated an intent to hit 65 GW of annual mono wafer production capacity by the end of 2021, the Chinese solar manufacturing giant has now said that landmark will be achieved next year.
The governments of the two African nations are considering deploying huge volumes of generation capacity over two decades. The project, still in its initial phase, is being supported by the World Economic Forum’s Global Future Council on Energy.
PEG Africa, a company offering pay-as-you-go solar to consumers and businesses in West Africa has received a $5 million investment from European Union initiative ElectriFi. The company says it has now secured more than $50 million and plans a major expansion.
The early development of PV projects in Latin America was spearheaded by one country: Chile. And while there remain prospects for large-scale project development, its distributed generation segment has the potential for enormous growth, says Marcela Puntí Martín, the general manager of the Chilean Solar Energy Association (ACESOL).
Vehicle-to-grid functions could soon become increasingly important. While policymakers discuss the necessary regulations in other nations, the Netherlands government is motoring ahead with the technology.
The Chinese manufacturer is holding out hope a boom that is expected to start imminently will help it turnaround losses that forced it to issue a profit warning last week. Getting its new production line in Qujing up to speed will help, provided the demand materializes.
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