Finland

Flexible energy supply companies hampered by lack of policy

Britain’s renewable energy trade body has published a report examining the state of flexibility market readiness in nine European markets. The result makes for sobering reading for Germany, France and the U.K.

Valoe’s Lithuanian gamble rides on latest fundraising attempt

The Finnish solar manufacturer must raise €3.5 million from a convertible bond issued on Monday and which closes on December 18. Generate the cash and production is expected to start at the Solitek facility in Vilnius early next year. Fail, and (almost) all bets are off.

The cooling effect of PV

Research from Finland’s Aalto University claims the residential cooling sector could sustain 540 GW of solar generation capacity if the world’s air conditioning systems were solar powered. Academics say synergies between PV and the cooling industry will become stronger as demand for the latter shifts nearer the equator, where seasonal differences in weather are less pronounced.

PV cheaper than spot market electricity across Europe

The levelized cost of energy produced by large scale PV projects ranges from €24/MWh in southern Spain to €42/MWh in Finland. New research states that is already cheaper than the average spot market electricity price and that the figure for big facilities in southern Spain may fall to €14 in 2030 and €9 in 2050.

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Interview: Fimer CEO Carzaniga discusses acquisition of ABB inverter business

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.

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Renewables generation cheaper than coal for many power companies – but not yet for Eskom

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.

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New Danish government roadmap displays climate ambition

Joining the growing club of European countries setting carbon neutrality deadlines, new Danish PM Mette Frederiksen has announced her administration will look at reducing greenhouse gas emissions by 70% by 2030.

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U.K. government announces 2050 carbon neutrality ambition

Leaving with a last hurrah, Brexit casualty prime minister Theresa May has announced a statutory instrument to amend the Climate Change Act of 2008. The law currently prescribes an emissions cut of 80% by 2050, from a 1990 baseline. The new law will aim for net zero emissions by 2050, making the U.K. the first G7 nation to pass such legislation.

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New Finnish government pledges carbon neutrality by 2035

Climate change and environmental protection were a top priority for the elections held in April. With solid green backing from the electorate and an ambitious domestic agenda, Finland is due to assume the EU presidency from Romania. Across the EU green parties are gaining ground but the bloc has yet to draft a comprehensive climate protection bill. Finland’s ambition could change that.

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Innovation boosts lithium-ion battery recycling rate to over 80%

Finnish clean-energy company Fortum has achieved a lithium-ion battery recycling rate of over 80% — against a current rate of 50% — with a low-CO2 hydrometallurgical recycling process.

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