Shell moves to acquire German storage business Sonnen
In May, oil giant Shell invested in German manufacturer Sonnen. Now the 112-year-old company wants to fully acquire the business, subject to Germany’s monopoly authorities. Sonnen said it hopes the deal will accelerate its growth by expanding its market reach and capacity.
Reading between the lines: What is the real message of BP’s Energy Outlook 2019 report?
The rise of renewables may have hogged the headlines but there is, nevertheless, a reassuring underlying message to investors with their money in fossil fuels. However there may be hope in meeting the Paris Agreement goals, if only we could encourage a few more trade wars…
EDF negotiates Luxel acquisition to boost its French solar deployment
France is set to have a near-3 GW annual solar market for the next six years from tenders alone and energy giant EDF wants a 30% piece of the action. To do so, the utility has entered negotiations with Luxel shareholders to acquire the PV developer.
EnBW and Energiekontor ink PPA for subsidy-free PV plant in Germany
The companies have entered a 15-year agreement for the plant, probably the first PPA for a project that size in Germany. Last week, EnBW said it was considering constructing a subsidy-free solar park in Brandenburg.
Chinese city wants 700 MW of new solar within two years
The capital city of pollution-blighted Zhejiang province has announced an ambitious clean air policy in the wake of Beijing’s call for local governments, big lenders and power companies to pull out the stops to restart the solar revolution.
Chint’s 103 MW Dutch solar park will use Astronergy panels
Chinese module maker announces start of construction on big project in the Netherlands weeks after announcing production of solar panels at its German Astronergy unit would be halted.
PV explosion not enough to keep EU on track for 2020 renewables ambition
Despite solar’s explosive growth, the bloc is unlikely to meet its 20% clean energy target. Transport in particular remains a drag, with slow adoption rates for alternative fuels. Wind power supplanted hydro as Europe’s largest renewable electricity source.
India a $50bn market for energy storage, says US energy firm chief
Given its ambitious goal of achieving 175 GW of renewable power generation capacity by 2022 – and push for electric mobility – the world’s second most populous nation presents a potentially huge investment opportunity.
Rising Nordic power prices lifted Statkraft’s fourth-quarter results
The Norwegian renewable energy company cited rising prices, cost reduction plans and lucrative transactions as the main reason for its positive update. The average Nordic energy price in the quarter was €47.7/MWh, an increase of 56% from the same period a year earlier.
World’s first solar-powered passenger car on roads next year
A Dutch start-up has designed an electric vehicle that runs solely on solar energy, and aims to deliver its first models next year. The car will also be available to lease.
