The state of European energy
The proportion of clean energy consumed in the EU continues to rise but the European Commission’s State of the Energy Union report is critical of failings in energy efficiency, low-carbon-R&D spending, and the removal of fossil fuel subsidies.
Tata Power awarded 100 MW of solar capacity at 5 GW Indian mega park
The developer secured the grid-connected solar capacity in a 700 MW auction by state utility Gujarat Urja Vikas Nigam Limited which had a tariff ceiling of INR2.92/kWh ($0.04). The Dholera Solar Park, in Gujarat, is set to eventually have a 5 GW footprint.
Vietnam opens 450 MW solar plant
Ho Chi Minh City-based construction company Trungnam Group said its army of laborers took just 45 days to perform site clearance for a project which took shape within 102 days.
‘Solar is the new king of energy markets’
The advance of PV has been lauded by the International Energy Agency as it launched the latest edition of a flagship World Energy Outlook 2020 report overshadowed by the Covid-19 crisis and uncertainty over how long the economic recovery could take.
Benban developers on brink of settling reported $102m cost-sharing deal
Sources connected to developers at the site confirm the figure has been agreed with the Egyptian Electricity Transmission Company but said it was still subject to change. The utility is seeking raised contributions from renewables companies to cover what it says were rises in building material costs.
Chinese PV Industry Brief: Inner Mongolia set for 5 GW solar-storage-hydrogen complex
The China Energy Investment Corp is planning to invest RMB22 billion in a facility in the autonomous region. The state-owned mining and energy company has signed a framework agreement with the government of the city of Yijin Holo Banner for the project.
German company scores $9m solar pump order in Bangladesh
Raach Solar and its Power Utility Bangladesh Ltd local partner have landed two contracts to supply more than 700 pumps in the north-western Bogra district, with the Asian Development Bank footing the bill.
Chinese PV Industry Brief: CEIC vows to deploy 30 GW of solar
State-run China Energy Investment Corp. (CEIC) has revealed plans to install up to 30 GW of solar. Chinese solar stocks, meanwhile, rose sharply this week.
China will need 1.9 TW of solar by 2060 to hit net zero – WoodMac
The bill for full decarbonization of the economy – which is likely to see the decommissioning of no more than half the current coal fleet, with CCS doing some heavy lifting, according to the US-owned analyst – could come in at more than $5 trillion.
EBRD provides €75m for 204 MW of solar near Greek coal plants
The development lender will supply three-quarters of the funds as Hellenic Petroleum aims to raise €100 million for a reported 18 solar sites in the nation’s coal heartland.
