Policy

The expected return would leave the nation woefully short of its ambitious 175 GW clean energy target, which was laid down with a 2022 deadline. Chief executives who criticized aggressive clean power auctions said they would like to see more fossil fuel facilities thrown into the mix.

Funded by the bloc’s Emissions Trading System, the warchest will look to spend more than €10 billion on bringing clean energy innovations to market over the next decade. The scheme will work with other green recovery programs to secure jobs and lay a foundation on which to restart the European economy.

Accreditation institute DNV GL has made some astonishing carbon-related predictions as it prepares the next edition of its Energy Transition Outlook report. The Norwegian body says transport-related emissions have peaked and those of the iron and steel industries may well have too.

BloombergNEF and Sustainable Energy for All have jointly published a report by the Mini-Grid Partnership proposing solar minigrids as a critical technology to bring electricity to the 789 million people who still lack access.

Canadian Solar has unveiled its newest line of PV modules, with maximum power ratings of up to 590 W. Trina Solar, meanwhile, has signed a deal to supply PV modules for almost 1 GW of capacity throughout the world.

In an update to a report it published earlier this year, Norway-headquartered consultancy DNV GL outlined the role it sees for both seasonal heat storage and pumped hydro to help manage the 1.4 TW of variable renewable energy capacity it forecasts to be connected to European electricity grids by 2050. DNV GL maintains the original report’s conclusion that where seasonal storage is concerned, hydrogen will be the first option.

The new 1 GW Yeka tender in Turkey is more than welcome, says KRC Consulting’s Hakki Karacaoglan and Life Enerji’s Ramazan Aslan. Regulations to enable “green electricity” tariffs, also announced this month, add further momentum to the country’s solar sector – allowing Turkish consumers choose renewable energy for their power supply.

Can this technology be commercialized? A partnership between Siemens Energy and EnergyNest to develop thermal storage solutions together is the latest development in an industry with lots of potential, but little practical application thus far.

Every crisis is a crossroads, and Australia is certainly at a crossroads. This week, a host of climate, development and investment leaders are backing Beyond Zero Emissions’ green Million Jobs Plan for Covid-19 economic recovery.

Developers have until Sept. 1 to bid for capacity along railway tracks and on company-owned land across a number of Indian states.