LevelTen claims its online platform offers small companies the chance to band together to buy green energy and connects renewable energy producers and consumers in such an effective manner it has already driven $1 billion of green energy supply in its homeland.
In August alone, around 327 MW of new solar generation capacity was registered in the country. This month the FIT for solar systems up to 750 kW in size will fall another 1.4%.
The International Renewable Energy Association says the integration of hydrogen into the energy transition will not happen overnight and electrolysis costs will not be halved until the 2040s. That hydrogen and related products could revolutionize the world energy landscape, however, is not in doubt.
While the solar industry will welcome the move, the feed-in tariff paid to small systems is still reducing thanks to the volume of new capacity installed every quarter. Announcing a wide-ranging policy package on Friday, Angela Merkel admitted Germany will miss the carbon emission target set for next year.
A report by Germany’s Energy Watch Group thinktank has said we would be better off sticking to coal and oil than switching to gas because emissions of methane, the most potent greenhouse gas, caused by gas extraction render any related carbon savings irrelevant.
It took a while, but now the energy giants can finalize the mega deal. Rival energy companies have criticized approval of the deal amid fears Eon could dominate the German market.
Credibility comes not just from offering products that generate clean electricity, but also from the way in which those products are manufactured, says SMA Solar Technology CEO Jürgen Reinert. Here, transparency and sustainability are key. That’s why one of the world’s largest PV inverter producers has partnered with pv magazine’s UP sustainability initiative. In the following Q&A, Reinert lays out what SMA is doing to step UP its green game.
Tennet needs more than €4.75 billion to invest in cross-border grid infrastructure between Germany and the Netherlands, as rising volumes of solar and wind are complicating network operations, said Dutch Finance Minister Wopke Hoekstra in a recent letter to the Dutch parliament, adding that the government may need to privatize the state-owned transmission system operator or sell off a stake in it.
EuPD Research has calculated what needs to be done to replace the nuclear and coal generation to be phased out in Germany. Accelerated expansion of PV appears the best short-term option. However, storage capacity will need to increase 30-fold by 2040 so solar can become the main pillar of the country’s energy system.
The Munich-based chemical company has taken a substantial minority share in the British materials specialist to expand its silicon-based high-performance battery activity. The value of the transaction was not disclosed.
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