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Policy

Solar stocks rise as President Xi pledges 1.2 TW of renewables capacity in 2030

The Chinese leader has revealed some details of his nation’s commitment to go carbon neutral by 2060. That solar and wind power promise could even prove to be a conservative estimate, according to the nation’s solar industry.

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End of subsidies could fuel the corporate PPA boom in Europe

Pioneering solar projects which signed ten-year feed-in tariff agreements will soon need to operate free of subsidy and with local authorities like the City of London starting to embrace direct contracts with renewables generators, the PPA market could be set for another turbo charge.

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European Commission proposes minimum sustainability thresholds for batteries

The world’s second largest battery market is mulling strict regulation of what type of products can be sold within it. The bloc wants to tighten rules on using hazardous materials and would encourage circular economy approaches. The scope of the commission’s proposal would also affect the design of devices, with phones, laptops and other portable gadgets without removable batteries set to be prohibited.

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Finnish solar manufacturer finally starts production in Vilnius

Valoe completed the 15-month purchase process of a 60 MW cell production line from Solitek in the spring and installed interdigitated back-contact production equipment. It hopes to begin deliveries in the next quarter.

The dash to glass

Hong Kong-listed solar company Irico New Energy is preparing to shunt its non solar glass business units into Chinese state-controlled parent Irico Group so it can treble its PV glass production capacity in 2024 with the help of a four-line, $108 million manufacturing facility.

Ramping up renewables now could save Europe €363bn by 2050

Delay, and policymakers will see the carbon emission allowance which would enable us to stay well below 2C frittered away so quickly net zero would have to be reached in 2040, rather than ten years later, when the relevant technology costs will be cheaper.

Portugal hits 1 GW milestone

Portugal now has more than 1.03 GW of operational PV capacity, making solar its third-biggest renewable energy source behind hydropower (7.1 GW) and wind power (5.4 GW). However, PV remains the resource with the greatest growth potential in the country.

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GCL shareholders set for a busy festive period as votes loom on $903m worth of solar project sales

Chinese state entities are now behind five phases of two separate sales deals which, if approved, will transfer more than 1.8 GW of solar generation capacity into public ownership.

Meyer Burger and SMA call for an industrial strategy for PV production in Germany

The two PV companies have outlined how competitive value creation in Germany and Europe can succeed. This would also be important in order to preserve technologies and innovations in this country. Meyer Burger and SMA make four specific proposals in which they have an eye on both the generation of solar power and the manufacture of the photovoltaic products required for this.

Australia to review smart meter rules

The Australian Energy Market Commission has launched an independent review into the rules governing electricity meters, to determine what needs to be done to accelerate smart meter deployment.

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