Eastern Europe coal exit offers a €50bn clean power opportunity
With Bulgaria, Poland, Romania and Czechia having dragged their heels over climate legislation for years, BloombergNEF has estimated the most economic route out of the coal habit. It is a path which could see 40% less carbon emissions in 2030 than were recorded last year, with a 47% clean energy power mix.
Romania allocates $59 million for solar rebates
The government will grant rebates to residential PV projects and may cover up to 90% of the costs of purchasing and deploying a rooftop array.
Another Romanian oil company unveils solar plans
Romanian petroleum transport services provider Conpet announced plans to install PV plants across five of its facilities. Initial investment will be limited to 3 million ROL ($680,000), but the group aims to create a renewable energy business unit under its 2020-2025 strategy.
Covid-19 weekly round-up: Residential systems in Italy will get a 110% tax rebate and UK consumers are being paid to turn appliances on as coronavirus turns the energy world upside down
Plus, Australia’s Greens want renewables front and center of the post Covid-19 economy and Mexican plant owners are overturning a politically-motivated ban on clean energy, however, Indian developer Acme solar says pandemic delays warrant it reneging on the terms of the record-low solar price agreement it signed.
Romania re-introduces PPAs to attract investors
The Romanian government has decided to re-introduce directly negotiated Power Purchase Agreements (PPAs) to boost investment in its renewables sector, but only projects commissioned after June 1, 2020 will be eligible.
Romania’s largest gas provider set to embrace renewables
Romgaz is reportedly planning to invest in solar, wind, geothermal and biogas power projects by tendering for consultants.
Romanian oil provider goes solar
OMV Petrom has installed rooftop PV arrays on 40 of its gas stations across Romania.
Big solar going back to Romania
Complexul Energetic Oltenia, a Romanian coal-fired power producer, plans to build 310 MW of PV capacity across four sites at one of its facilities. The projects are part of the company’s restructuring efforts and decarbonization plan.
Rooftop PV has reached grid parity in main EU markets
Researchers have developed a high-resolution geospatial method of assessing the solar potential of all buildings in the EU and concluded rooftop PV could provide a quarter of the bloc’s electricity needs. The scientists say grid parity for rooftop solar has been reached outside eastern member states with cheap fossil fuel electricity.
Romania’s solar rooftop rebate scheme ready to kick off
From Friday, Romanian homeowners and businesses may file applications for rebates that could cover up to 90% of the cost of rooftop arrays, provided the grant does not exceed $4,830. Applications will be accepted until March 1.
