Renewables company Ellomay Capital has been forced to reduce the scale of its planned 340 MW Manara Cliff project, in the north of the country, because two rival schemes have already gobbled up a large proportion of the capacity quota currently offered by the government.
Hydrogen-fueled aviation has a realistic chance of helping the sector achieve climate goals, according to a European Union-commissioned study.
A plan in the Australian state of New South Wales to build a 3 GW renewable energy zone has already attracted US$26.4 billion of project proposals, and the state government is now quadrupling its funding support.
The controlling shareholders of Shenzhen-listed solar manufacturer Jolywood have agreed to sell their stakes to state-owned WJ Energy, as two more power companies revealed big plans for new capacity. NYSE-listed Daqo, meanwhile, is mulling an IPO in its homeland.
The industry needs to cut a dependence on lithium-ion battery imports from China, according to Nitin Gadkari, who said the government is looking to support research into alternative technologies.
They are words to chill the soul of solar project owners when uttered in relation to feed-in tariffs: retroactive FIT cuts. A Ukrainian government smarting at the cost of funding an overly successful solar incentive program appears bent on emulating the approach of governments in Spain, Italy and Czechia by reopening signed payment contracts to reset the monies paid for clean power, despite the costly lawsuits that have greeted such moves in the past.
The government is said to be working on amending its renewable energy legislation to enable people without their own roofspace to benefit from the solar boom.
The government has ramped up its budget for the rebate scheme to €10 million.
The road to cheap hydrogen production is riddled with potholes and energy losses. Researchers in Australia have demonstrated rethinking solar technology and skipping electrolysers could hold great promise for reaching the hydrogen holy grail.
In 2019, the European Commission presented the European Green Deal, under which it aims to become climate-neutral by 2050. In May of this year, the commission also unveiled a new instrument to fund the bloc’s recovery from the Covid-19 crisis, in line with the Green Deal principles. This reinforced the drive for renewables investment. pv magazine examines what the latest developments mean for solar.
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