Policy

The 11 planned off-grid networks will offer clean power to around 20,000 people for €0.28/kWh, according to one of the EU bodies which is backing the project.

State-owned power generation company China Huadian Corporation has begun work on a 3.3GW solar site in Sichuan province. The project is one of nine renewable energy plants listed in China’s latest national five-year plan.

Wood Mackenzie has predicted solar equipment cost increases will ease back after last year saw the average cost of solar electricity rise for the first time in the Asia-Pacific region.

While the chief executive of Ukraine’s biggest private energy company scrupulously mentioned the role renewables could play in counteracting the Nord Stream 2 gas pipeline, he called for his country’s gas market to be liberalized just as the European Commission appears set to rubber stamp gas as ‘sustainable.’

The Indian Ocean island nation, which has been a prominent voice in the global calls to combat rising sea levels, will get technical assistance from the Asian Development Bank to draw up a tender for 20-30MW of photovoltaic generation capacity.

A 70MW solar plant at Pabna has today been rubber-stamped, together with a 50MW site in the Mymensingh district proposed by Total Eren alongside Norwegian and local development partners.

Plans for a solar farm in the district of Pabna have been scaled back from the 100MW envisaged by a consortium of developers and the partner companies have also had to reduce the value of the tariff they hoped to receive from the government for the power generated.

The developer is aiming to resume trading in its stock tomorrow ahead of a shareholder vote this month which could remove more than half of the $220 million it owes creditors in overdue payments.

The EU’s Sustainable Taxonomy was intended to complement the Green Deal, provide investors with certainty about the sustainability of their investments, and help channel billions into sustainable, low-carbon processes and technologies. Despite input from experts and NGOs, the inclusion of gas and nuclear power just proposed by the Commission suggests that, once again, politics is trumping science.

Heavily-indebted Shunfeng International could be set for another big sell off of solar assets as it tries to pay down a near-$300 million overdue debt pile.