The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.
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.
A rooftop PV system will provide hydrogen through an electrolyzer. The green gas can then be mixed with natural gas to fire the factory’s furnaces.
The tender will be open to solar projects not exceeding 10 MW, while its incentive budget will be €10 million.
The smart grid project is expected to boost to the use of renewable energy in the region, and to enable smaller power producers participate in the market.
The small eastern European country has been adding around 10 MW of new PV systems each year over the past four years. A net-metering scheme introduced in 2015 is expected to increase demand for residential installations.
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