The EU Council has rejected a Covid-inspired European Commission proposal for a €40 billion warchest to help coal-dependent regions shift to renewables, with the heads of member states instead allocating €17.5 billion. Despite the final figure being €10 billion higher than that suggested by the commission before coronavirus battered Europe, questions have been asked about how useful the program will be.
Plus, Italian developers continue to dig deep for their health service, the pandemic piles on problems for a debt-saddled Chinese company and analysts consider whether there will be any money left for a green economic recovery after the dust settles.
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.
Solar project owners responded to an appeal to donate a portion of their solar incentive payments to the public health authorities as another multinational body emphasized the importance of coronavirus fiscal stimulus packages having environmentally-friendly conditions attached.
The national Green Houses Program grants incentives for the installation of solar water heaters, PV systems with a generation capacity of up to 10 kW, heat pumps and small wind turbines.
PV is expected to claim 44% of the clean energy capacity needed to generate 2.4 TWh of electricity in the next two years but potentially gas driven co-generation is also set for big gains. The Ministry of Economy could announce the first auction this year. Energy company Slovenský plynárenský priemysel will be the off-taker.
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.
An investor tool examining the coal fleets of major global power companies has offered up analysis which flies in the face of arguments solar and wind generation could help turn around the debt-saddled South African utility.
Reports about a leaked document suggest that Germany, Italy, Greece and Slovakia have joined a group of EU member states that support a carbon neutrality bill. Germany refused to support such plans in March, but with political support for the German Green Party skyrocketing, Chancellor Angela Merkel is likely to revise her government’s position. With Germany now on the ticket, a plan could be finalized at some point this year.