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Energy crisis drives up European clean power PPA prices

A worsening price shock, felt to different degrees across Europe, has now seen renewable power purchase agreement tariffs climb for three consecutive quarters. Despite that, however, developers and energy buyers are still signing contracts, with non-standard agreements on the rise, according to renewable transaction infrastructure provider LevelTen Energy.

Eni moves into Greek renewables via its gas and light business

The Italian energy major this morning announced it had acquired German-owned clean power developer Solar Konzept Greece.

Belgium has four years to replace nuclear fleet which generated 39% of its electricity in 2020

Figures released by Eurostat this week indicated the monumental task facing the renewables industry as Europe attempts to replace a power source which generated a quarter of the bloc’s electricity in 2020.

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2021 was a record-breaking year for European solar, now we must increase ambition

Right before the holiday season, the European Commission unveiled the latest installment of its “Fit for 55” legislative package – plans that aim to put the continent on track to reducing emissions by 55% by 2030. These additional proposals include the Hydrogen and Decarbonised Gas Package, as well as a revision to the Energy Performance of Buildings Directive (EPBDII).

Backing for solar-plus-storage mini grids in Lesotho

The 11 planned off-grid networks will offer clean power to around 20,000 people for €0.28/kWh, according to one of the EU bodies which is backing the project.

Chinese PV Industry Brief: construction begins on world’s largest PV project

State-owned power generation company China Huadian Corporation has begun work on a 3.3GW solar site in Sichuan province. The project is one of nine renewable energy plants listed in China’s latest national five-year plan.

Solar supply chain trouble to ease this year, according to analyst

Wood Mackenzie has predicted solar equipment cost increases will ease back after last year saw the average cost of solar electricity rise for the first time in the Asia-Pacific region.

‘Ukrainian gas – and renewables – can offer Europe energy security’

While the chief executive of Ukraine’s biggest private energy company scrupulously mentioned the role renewables could play in counteracting the Nord Stream 2 gas pipeline, he called for his country’s gas market to be liberalized just as the European Commission appears set to rubber stamp gas as ‘sustainable.’

Maldives to turn to solar for outer islands

The Indian Ocean island nation, which has been a prominent voice in the global calls to combat rising sea levels, will get technical assistance from the Asian Development Bank to draw up a tender for 20-30MW of photovoltaic generation capacity.

Bangladeshi cabinet approves another 120MW of solar

A 70MW solar plant at Pabna has today been rubber-stamped, together with a 50MW site in the Mymensingh district proposed by Total Eren alongside Norwegian and local development partners.

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