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.
The Norwegian power company acquired the projects for around $17.3 million. The transaction indicates interest in large scale solar is on the rise in Ireland and unsubsidized projects are viable.
Originally intended to commission 140 MW of storage, the tender drew three winning projects: a 50 MW system and two 30 MW facilities. Eirgrid has estimated the total value of the contracts at around €6 million per year.
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.
Ireland appears ready to embrace PV after years of failed announcements. Globaldata predicts the EU member state will deploy around 1.3 GW of solar by 2030, with renewables potentially meeting 65% of electricity demand. Furthermore, Irish Water has announced it wants to deploy solar at its water treatment plants.
The wind power specialist has started prequalifying EPCs for the ground-mounted solar plant, which will be built near Timahoe North, County Kildare.
The head of Mercom Capital says solar has a long way to go before it can stand without policy support. Effective grid parity will only be achieved when the cost of PV electricity factors in the expense of grid upgrades and the storage systems its intermittent nature requires, says Raj Prabhu.
With the Netherlands receiving more than €21 billion worth of orders after launching a ‘€4-6 billion’ exercise last month, Irish utility the ESB is hoping to ride the wave of investors subscribing to ethical schemes.
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