Europe

According to the new auction schedule approved by the Italian Ministry of Economic Development, three more renewables procurement exercises will be held each year in 2020 and 2021. Through the seven bidding rounds, the Italian authorities seek to allocate approximately 4.8 GW of new power generation capacity.

After the bombshell news this week, the Italian inverter manufacturer’s CEO spoke to pv magazine about the future of ABB’s R&D hubs, manufacturing sites, hundreds of employees and of course Fimer’s outlook.

An investor tool examining the coal fleets of major global power companies has offered up analysis which flies in the face of arguments solar and wind generation could help turn around the debt-saddled South African utility.

Despite a demanding ceiling price of €45/MWh the tender has received applications for projects with seven times the generation capacity it will allocate.

Scientists at Russia’s Skoltech Institute of Science and Technology have demonstrated a solar cell with record high radiation stability. The scientists say the cells, based on an organic polymer compound, could be a strong candidate to meet the requirements of powering satellites in lower earth orbit.

While Spain, Sweden, Ukraine and Brazil attracted more funds than last year, China’s transition to an auction-based procurement system and slow performance overall in Europe saw worldwide backing decrease. BloombergNEF does expect investments to ramp up in the second half, however.

The head of Mercom Capital says solar has a long way to go before it can stand without policy support. Effective grid parity will only be achieved when the cost of PV electricity factors in the expense of grid upgrades and the storage systems its intermittent nature requires, says Raj Prabhu.

Renewable energy company Eneo Solutions AB has signed a letter of intent for a 20-year power supply deal linked to a 10 MW solar park it will start building in November. The energy buyer is Swedish financial services provider Swedbank. The plant, scheduled for completion by mid-2020, will meet 30% of Swedbank’s electricity demand.

The 3.3 million U.K. households that get their electricity from E.on will receive only renewable energy. The company referred to a public opinion poll as a motivation for the move.

First-quarter figures from German engineering association the VDMA showed that, while orders picked up after a slow end to last year, almost all PV production equipment produced in the country is shipped abroad, with China the leading destination.