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 EU Council has rejected a Covid-inspired European Commission proposal for a €40 billion warchest to help coal-dependent regions shift to renewables, with the heads of member states instead allocating €17.5 billion. Despite the final figure being €10 billion higher than that suggested by the commission before coronavirus battered Europe, questions have been asked about how useful the program will be.
Analysts at Wood Mackenzie have looked at plans for the incoming decade and concluded that about 119 manufacturing sites will be up and running by 2030. China currently sits firmly in the driving seat, with Asia Pacific comprising 80% of global manufacturing capacity, but Europe is catching up.
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