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New renewables cheaper than legacy coal or gas for almost half the world’s population

Electricity bill payers in nations as diverse as Germany, Greece, India and China should be aware new solar projects can now generate electricity cheaper for them than legacy coal and gas-fired plants.

Spain to devote €3.9bn of EU cash to ‘innovative renewables’

The investment has been planned as part of the nation’s recovery and resilience plan to access EU funds for its post-Covid economic stimulus package. The spending plans of Portugal and Greece have also been approved by the European Commission in the last 48 hours.

ESMC criticises lack of solar manufacturing in Euro recovery plans

The trade body has highlighted a lack of explicit PV industry support in EU member states which already host domestic manufacturers, such as Germany, France, Austria, Belgium and Lithuania, and says the focus on green hydrogen could exacerbate the solar trade deficit with Asia.

Solar module factory to resume production in Portugal

An investment of around €5 million will allow an old solar panel factory in the Beja district to reopen and create more than 40 new jobs. Galp Energia’s former director of innovation is part of the new team.

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A guide to Europe’s booming PPA market

Recently, the market for power purchase agreements has evolved, opening grand opportunities for solar companies. In this pv magazine Webinar, we will look at a Swiss alpine solar project in greater detail and learn what it takes to build a good PPA project.

Covid-19 outbreak at PV plant construction site in Portugal

A total of 6 Covid-19 positives have just been detected among workers at the Solara4 plant, located in the Portuguese Algarve. According to information obtained by pv magazine, work at the facility has been partially stopped.

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Portuguese authorities review 1 GW solar project with Tesla batteries

A newly proposed solar project in Portugal could almost double the nation’s installed PV capacity. The installation will likely require an investment of around €1 billion.

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EDP wants to deploy another 13 GW of renewables by 2025

The Portuguese utility also wants to close all its coal power plants by 2025.

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Engie commissioned 630 MW of solar in 2020

The French energy business said PV made up 21% of the 3 GW of new renewables generation capacity it installed last year, with the majority of its total new clean power facilities arriving in North America.

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EU records annual rise of 7 TWh in third-quarter solar output

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.

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