UK regulator reveals power companies owe almost £63m to renewable energy obligation pots
Four electricity suppliers have been named by Ofgem for missing payment deadlines for penalties prompted by their failure to meet renewable energy buying obligations. A separate fund for small-scale generators, paid for by energy suppliers, also has a financial shortfall.
Belgium preps for energy transition with blockchain, AI and other innovations
Belgian grid operator Elia has published a vision paper explaining how it intends to link consumers’ behavior at lower voltage levels with price signals in the wholesale electricity market, thus also enabling better integration of renewables.
France sees increasing activity for private solar PPAs
Energy cooperative Enercoop has issued a request for proposal to select renewable energy projects up to 10 MW in size for which it could award a 15 to 30-year PPA. The move is intended to attract bids for projects built without public support.
EGM vote to reduce historic battery maker’s debts
Venerable Swiss brand Leclanché is on an expansionist trail, notably in India and low-carbon shipping, but restructuring its debts will involve ceding even more control of the famous company to institutional investors.
Wind the only winner in Poland mixed energy auction for projects over 1 MW
Unlike similar auctions in France and Germany recently, in which only PV projects were selected, in Poland all the contracted power went to wind. The exercise drew prices from $41.98/MWh to $57.73/MWh, for an average $52.19/MWh.
‘It’s time for politicians to deliver’
With COP24 climate change meeting looming, a German-led e-mobility and renewable energy alliance has signalled it is time for elected members to start delivering on carbon emission reductions before we pass the point of no return.
“We have to think about mistakes made due to excessive regulation”
The Spanish government’s zeal in reducing electricity market prices can hit investment in renewable projects, which need stability. pv magazine interviewed Antonio Delgado Rigal, a doctor in artificial intelligence and founding Partner and CEO of AleaSoft, to discuss market equilibrium, the impact on electricity prices of the measures applied and announced by the government, and the appropriate transformation of the energy model.
Google seeks green PPA for its new data center in Denmark
The Internet giant began construction on what will be its fifth datacenter in Europe. The €600 million facility will be powered exclusively by clean energy sources, the company said.
UK, Germany should push on storage, EVs – BloombergNEF
Two new reports from BloombergNEF recommend that the two northern European countries should implement policies to accelerate the adoption of energy storage and smart electric vehicle charging, while also improving demand response and interconnection to Nordic hydropower reservoirs. All of these actions are expected to further reduce fossil fuel dependence and add flexibility to their respective energy markets.
Spain’s Solarpack goes public on Dec. 5
The Spanish developer is expected to increase capital between 38.5% and 40.7%. The price range has been set between €8.0 and €10.3 per share. The raised funds will be invested mainly in the execution of the contracted portfolio of projects totaling 510 MW, in the acquisition of 13 MW of operating assets in Spain and in the development of its additional portfolio of projects totaling 2.9 GW.
