That was just one of the revelations of the latest Dentons’ Guide to renewables investment in Europe, which also noted solar plants could be switched off in Slovakia, Ireland could go either way on clean power pricing, and Luxembourg is struggling with a surprising headache.
The auction has been significantly oversubscribed and has seen 36 successful projects among 257 submitted. Around 390 GWh of power was contracted and will be provided exclusively by PV projects.
Ten arrays commissioned in the last four months, with a total generation capacity of 14 MWp, have been refinanced with a 15-year loan.
European renewables, including Spanish solar, made big gains as energy demand recovered before the second wave of Covid infections. Nuclear was a notable loser, in part because clean energy volumes in the north of the continent drove down power prices sufficiently to make reactors uncompetitive.
The solar plant is located in Kaposvàr, southwest Hungary, and will sell power at €0.09/kWh under the country’s feed-in tariff regime.
The two companies have concluded a settlement after several years of stalling. Ecosolifer will pay for part of the cell production line ordered in 2015 but Meyer Burger will incur a net loss of almost CHF2 million.
A Dutch-Hungarian research team has measured, for 12 years, the degradation rates of PV modules installed in an off-grid system located in Ghana. It found that the panels had an average annual decline in power yield of 3.19%.
According to the Hungarian authorities, 253 of the procurement exercise’s 255 pre-selected projects are for photovoltaic plants. Around 390 GWh will be contracted in an auction that has been significantly oversubscribed.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.