pv magazine spoke to Mark Jones, chief executive of privately-owned clean energy investment company Susgen about where the newly-launched business is looking to spend the cash pile it has allocated for big, early-stage project pipelines.
The EU research group tasked with optimizing renewable energy auction procurement processes said the achievement of climate change goals brought about by plunging energy demand should not endanger longer-term ambitions.
The unfolding effects of the Covid-19 crisis, and fears of a possible second wave, have split analysts trying to guess how the unsubsidized renewables market will emerge as slumping demand continued to distort power markets. pv magazine rounds up the week’s coronavirus developments.
The airline industry has been among the hardest hit by the Covid-19 pandemic; carriers are in ‘freefall’ as Glen Peters, research director at the Center for International Climate and Environment Research in Oslo recently wrote, with governments mulling stimulus packages for airline bailouts. How we react to the coronavirus outbreak is crucial for society as a whole and the solar and energy storage industries can lead the charge in rewriting the status quo.
pv magazine has spoken to José Antonio Unanue, director of the battery energy storage system business at Ingeteam, the equipment integrator and manufacturer of the first grid-connected battery storage system in Spain, which electric utility Iberdrola launched in Caravaca de la Cruz, Murcia, at the end of November.
Danish developer Obton and Ireland’s Shannon Energy have promised to develop the projects within five years. Total investment is expected to be around €300 million and the companies have already acquired projects with a combined generation capacity of 150 MW.
Solar is included among the competing sources but with a maximum quota of only 10%. Around 13,500 GWh will be allocated across five rounds under the new scheme, which is still subject to EU state aid approval. Community-led projects will be allowed to participate from the second round, with a bonus of €2/MWh.
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.
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