Chinese EV maker BYD passes the 600-sales mark in Europe with a deal – announced at the International Motor Show – which also takes it past 100 sales in Scandinavia, and more than 35,000 worldwide.
The market experienced strong growth in nearly all states. Scandinavian countries lead the charge, but Germany showed strong growth in the first half of 2018, analysts report. An uptake in EV sales might result in profound effects on their use as flexible storage units, recent reports and interviews suggest.
The project connecting Germany and Norway was first conceived in 2015. The 624 km undersea cable will have a capacity of 1.4 GW, when operational in 2020. The EU is supporting the project and other grid infrastructure projects through its EFSI scheme to interconnect the European energy markets, for better renewable energy integration and improved security of supply.
The social media titan is the world’s biggest corporate buyer of renewable energy so far this year. BNEF figures show the company has already secured 1.1 GW of green power this year, helping the corporate world break last year’s landmark.
Norwegian project developer, Scatec Solar has posted increased revenues for the second consecutive quarter. The company states that this performance is primarily attributed to its increased development and construction activities, with more than 1 GW of projects under construction worldwide.
Norway headquartered polysilicon producer, REC Silicon posted a loss of US$9.6 million for the second quarter of 2018, amid reduced production and increasing inventory. The company’s Solar Materials segment was responsible for much of these losses, with decreased demand and ongoing trade wars cited as the cause.
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