Germany concludes draft detailing drastic cutbacks for PV systems 40 kW and over
In addition to solar subsidy cutbacks of around 20%, planned for the start of 2019, the German Federal Ministry of Economics’ draft Energy Sources Act includes special tenders for PV and onshore wind. While many say the cuts cause great uncertainty for large-scale project developers, politician Peter Altmaier sees it differently: the energy transition is becoming safer and more affordable, he says. The decision to adopt or change the act now lies with the Federal Parliament.
Renewables overtake fossil fuels in UK installed capacity
A report published today by U.K.-headquartered energy company Drax says that, for the first time ever, total generation capacity available from renewables has overtaken that of fossil fuels on Britain’s electric grid.
Further Indian sites considered to host large-scale floating solar
With the Solar Energy Corporation of India having already proposed 10 GW of solar be located on artificial bodies of water over the next three years, one of its directors has mooted ambitious plans at four more locations.
Chinese manufacturer prepares to raise $434m through bonds
The polysilicon, PV wafer and module and inverter maker has arranged a second EGM of 2018 to seek permission for two bond issues, as its peers scramble to raise their manufacturing capacities.
Singulus signals 300 MW production equipment order as Chinese dragon roars again
Predictions of the imminent demise of Chinese solar demand due to the reining in of subsidies have not stopped manufacturers ramping up production capacities. German equipment maker Singulus is among the suppliers to benefit from a renewed confidence in the Far East.
India’s 10 GW solar tender amended again – but deterrents remain
While the timelines for PV plant execution and completion of the manufacturing facilities required by the tender are now more realistic, production obligations – especially related to capacity utilization – need to be revisited.
Lebanon aims to source 30% of heat and power from renewables by 2030
Prime minister has announced a tough new renewable energy target, which will build on the current ambition of generating 12% of the nation’s electricity and heat from renewables in little over a year’s time.
Top states and races to watch for clean energy on election day
Clean energy is on the ballot on November 6, and these are the states where voters will be making the biggest decisions.
UK storage on the fly with 6.9 GW cumulative pipeline
At an event in London, a new tool was presented which lets the user track the UK storage landscape. The market is gaining traction amidst disfavourable policies for solar PV and other renewables from Westminster. The UK’s storage portfolio seems to be growing rapidly.
Netherlands government to issue green bonds in 2019
The Dutch government is planning to raise between €3.5 billion and €5 billion through green bonds annually. The proceeds will be used for sustainable investments, including renewable energy deployment.
