EU raises another €9bn for Covid recovery
The latest, seven-year investment attracted offers worth more than €100 billion from investors and means the European Union has already generated €54 billion of the €80 billion of bond proceeds it is aiming for this year, as part of its five-year, €800 billion NextGenerationEU support package.
China holds the key to cancelling half the world’s new coal project plans
With pressure mounting on the world’s governments to turn their back on the fossil fuel, China and peers in South East Asia, Europe and South Asia could help deliver a coal-free future at the COP26 climate summit planned in Glasgow in November.
Romanian hydropower producer enters PV business with 45 MW ground-mounted project
The project will be built in Brăila county, southern Romania, at a cost of approximately $42.6 million. Hidroelectrica also wants to build several floating solar plants, totaling 5 MW, at some of its hydropower facilities.
Cooling PV panels with water and cotton mesh
Scientists in Russia have developed an active cooling technique that spreads water on both sides of the module and uses a cotton wick mesh to absorb and spread the water that comes on the rear side. The system is able to reduce significantly a module’s operating temperature and lead to an overall improvement of 30.3% in its output power.
Commission flags up €875m renewables project fund
A call for grant proposals has been promised this month, with the bloc’s executive yesterday firing the gun on a separate exercise related to cross-border EU energy infrastructure projects.
Uzbekistan launches tender for 500 MW of PV
Through the procurement exercise, the Uzbek authorities want to build several PV plants in the Namangan, Bukhara and Khorezm regions.
Ukraine drafts rules for renewable energy auctions
The Ukrainian authorities have drafted new regulations to provide technology-neutral, feed-in-premium payments to renewable energy plant operators, in addition to the wholesale electricity price under contracts for difference.
Uzbekistan flicks switch on 100 MW Nur Navoi solar plant
The new facility is the first of almost 1 GW of solar generation capacity Emirati developer Masdar is working on bringing to fruition in the Central Asian nation.
‘The chance to reset with a green recovery has now been lost’
Norwegian consultancy DNV today published the latest of its annual surveys of the state of the energy transition and lamented the fact so very little has been achieved during the last five years. We are forging ahead into a world that will be 2.3C hotter this century, predicts the report.
Romanian energy company wants to build 111 MW solar park
The €103.5 million project is expected to be built by OMV Petrom with 175,214 solar panels with a power output of 485 W each, and 424 string inverters with a capacity of 185 kVA.
