Belgium market update: Once among Europe’s leaders in solar PV deployment, with more than 1 GW of capacity added in its peak year of 2011, Belgium’s market lost momentum following the abrupt closure of generous subsidy programs. In recent years, driven by its residential PV segment, the country has experienced a solar comeback, which became particularly prominent in the year just passed.
The Norwegian oil company announced its intention to enter the solar energy business in October, when it launched a US$197 million fund dedicated to renewable energies.
Based on analysis of publicly available data, Deloitte estimates that solar panels installed on every suitable roof surface across the Netherlands could meet half of the current Dutch electricity demand, despite the country’s cloudy and rainy climate.
The solar plans of the German independent investment and asset manager in Spain, Italy and Portugal are part of a broader plan to further invest in renewables, including wind and hydropower.
Power electronics company, SolarEdge has announced the launched of an EV charging inverter in Europe.
The Munich-based company will acquire a 70% stake in a solar PV project pipeline totaling 2 GW in the Netherlands through its renewable energy arm Baywa re. The transaction will have to be approved by antitrust authorities.
The Danish Energy Agency has now submitted the scheme for a public consultation. The tender’s budget for 2018 amounts to around 105 million DKK (US$17.4 million).
Panel discussion at Energy Storage Europe tackled the issue of whether the best way for keeping the lights on as economies around the world grow is to extend the grid network or add energy storage, and found that the best solution lies somewhere in between.