Europe approves €3.2bn to support battery R&D
The European Commission has approved use of funds given by seven member states to back Europe-wide R&D projects across the lithium-ion battery value chain, with the aim of potentially unlocking an additional €5 billion in private sector investment.
A2A to acquire 1 GW solar pipeline from China’s Talesun
The Italian utility has agreed to buy the PV development pipeline for an undisclosed sum via a subsidiary, and vowed to start building its first large-scale, subsidy-free PV plant in the early months of 2020.
Enertronica Santerno reports higher inverter shipments in 2019
In a short conversation with pv magazine, the company’s CEO, Vito Nardi, said shipments for this year are expected to reach 866 MW. The inverter manufacturer also expects a rate of production of 2 GW per year by the end of next year.
Solar-Konzept planning 800 MW of unsubsidized solar in southern Italy
The German project developer’s pipeline consists of solar plants with land and grid-connection approval across Apulia and Basilicata. Some of the projects are planned in the province of Brindisi, which already hosts several solar parks which have stirred strong resistance from local authorities and civil associations.
Mirova raises €857m in Eurofideme 4 funding round for renewables
The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.
Italy’s struggle to re-join the gigawatt club
Italy’s main solar event, the Key Energy fair held in Rimini, demonstrated the continuing importance of rooftop PV for Italian renewables but also promised a gradual return for large scale solar. Industry insiders are hoping for at least one gigawatt of solar next year, on top of a projected 600 MW this year.
Flixbus plans hydrogen buses on long-distance routes
Parent company FlixMobility plans to test hydrogen fuel cell vehicles in Europe.
ABB strengthens e-mobility profile and builds digital microgrid at factory
The Swiss multinational has opened a production facility for energy storage systems for the mobility market and placed a 900 kW rooftop array on one of its Italian factories.
European coal fleet will run at a loss of €6.57bn this year
Economic thinktank Carbon Tracker used financial modeling to determine the profitability of every coal power plant in the EU. On average, 79% of the facilities run at a loss, with Germany, Spain and Czechia among the states particularly exposed to the consequences – for coal investors and the public.
Investment firm buys 320 MW of renewable energy capacity in Italy
Italian fund Green Arrow Capital has acquired the extensive solar and wind power generation portfolio from London-based Quercus Investment Partners. The value of the transaction was not disclosed.
