Engie, Greenyellow create joint solar venture
France-based energy giant and the unit of the French conglomerate, Casino have obtained approval from the European Commission for the creation of a new common unit specializing in the development of solar projects for self-consumption.
When the wind doesn’t blow don’t worry, the sun shines
The heatwave across Western Europe saw wind power 20% lower than usual while solar irradiance was 20% above average, according to Vaisala, a provider of measurement systems and equipment for meteorology. If this balancing effect is confirmed by further analysis, the technologies may ensure future energy supply by providing a diversified, ‘climate-resilient’ portfolio.
Engie emerges as clear winner of France’s PV tenders
Examining the results of France’s latest solar PV tender, Finergreen says that Engie has secured the largest share of the 727.9 MWp awarded this week. Overall, 103 projects were awarded under three categories for average tariffs of between €52.1/MWh and 83.8/MWh.
France allocates 720 MW in large-scale solar tender, final average price reaches €58.2/MWh
In the fourth of six tenders totaling 4 GW planned for the utility-scale segment, the French government selected 103 solar projects. In the next two, and final, rounds, around 1.7 GW of additional solar capacity will be assigned.
Fitch revises up outlook for French solar market
The U.S. firm expects France will reach a cumulative capacity of 28 GW by 2027, 3 GW more than previously forecast. The reasons for the increase are the renewed efforts of the French government to push for more solar, and the solar plans of big energy players such as EDF and Total.
Spain’s Holaluz to sell power generated at 46 MW solar park in Portugal
The solar plant was commissioned last week in Ourique, southern Portugal. The project was developed by UK-based renewable energy company Welink and Chinese engineering services provider China Triumph International Engineering (CTIEC).
France reports record share of renewables for Q2 2018
According to French grid operator RTE, it is the first time since the 1960’s that renewables have reached a similar share in the country’s power mix. Solar, wind and bioenergies contributed by covering around 10% of national demand.
EU commits €578 million for Iberian-EU energy market integration
Spain, Portugal, France and the European Commission have signed a deal to increase the capacity of the energy interconnection between the Iberian Peninsula and Europe. Currently, the interconnection capacity is 6,000 MW and, thus, far from the 15% goal set in 2015.
Total looks to Chinese EV market
Oil and gas company Total has announced it will work alongside Shanghai-based NIO – the world’s inaugural Formula E champion – to develop products for a potentially huge electric vehicle marketplace in the populous Asian nation.
Two strategic M&A transactions announced in the French PV sector
French solar project developer, Solstyce and rooftop PV specialist, Enerpur are merging into a single company; while France-based building materials provider, Terreal has become the largest shareholder of mounting system provider, GSE Integration.
