European Commission bids to ease planning of trans-border battery and hydrogen projects
The commission has proposed updating the law which regulates the bloc’s cross-border energy networks to include new energy storage technologies and smart grids as well as removing fossil fuel eligibility for public funding.
European Commission approves further €2.9bn battery research project
Companies from a dozen EU member states will commit the public funds in a bid to come up with novel battery chemistries and production methods as well as recycling and circular economy innovation.
GCL on verge of cross default over $500m senior notes
The polysilicon manufacturer yesterday extended the deadline for postponing settlement of the investments until Friday – with the notes set to expire on Saturday.
Chinese solar developers scramble to pay down debts
Shunfeng International is already overdue on debts of $381 million and a deadline for investors holding GCL-Poly senior notes worth $500 million to agree to postpone payment is due to expire today as the company prepares to vote on a $309 million, 430 MW solar project sell-off.
The Indian market for off-grid solar refrigeration
Standalone solar-powered refrigerators present a $20 billion opportunity in India for vaccine storage, milk chillers, households, micro enterprises, and cold storage for farm produce, according to a new report by Gogla.
The world won’t wait – Biden needs to catch up
The inauguration of Joe Biden as the 46th President of the United States has brought hope the country will play a central role in the world’s energy transition and combating climate change. However, rather than teaching other countries lessons, the U.S. will need to catch up with the rest of the world, and it needs to do so quickly – the world won’t wait for the U.S.
Beijing: China installed 48.2 GW of solar in 2020
With the nation almost doubling its new generation capacity figure for the year last month, the National Energy Administration is reportedly considering a joint solar and wind capacity target of 120 GW for this year.
Jenny Chase predicts up to 194 GW of solar this year
Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.
IFC says green recovery could drive $2.5tn renewables market this decade
The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
UAE says Mohammed bin Rashid solar park is powering aluminum production
A press release issued by utility DEWA and the state-owned metal manufacturer today implied production of solar-powered aluminum is already taking place.
