The EU agrees on 32% renewable target by 2030 after all-night negotiations
The EU Commission, Council and Parliament have been in trialogue negotiations to broker a deal on the revised Renewable Energy Directive (REDII), the first version of which was adopted in 2009. By 3:30am this morning, a deal was finally brokered and legislative processes for official adoption are now just a formality
Spain’s ‘sun tax’ set to be scrapped
With her first official announcement, Spain’s incoming Minister of Ecological Transition, Teresa Ribera has made it clear that the previous government’s reviled tax on distributed generation array, the so-called ‘sun tax’ will be eliminated. At the same time, she has confirmed her support for more ambitious EU renewable energy targets.
EIB may finance 300 MW “unsubsidized” PV project in Spain
After securing a financial hedge for its Talasol solar plant in January, Israeli solar company Ellomay has now entered agreement with Deutsche Bank for the structuring of non-recourse senior debt financing for the project.
Gas Natural Fenosa launches power-to-gas project as advocates of the technology call for policy clarity
The Spanish power provider developed the pilot project with the Institut de Recerca en Energia de Catalunya and German spin-off Ineratec. Meanwhile, the European Power to Gas Platform has issued a paper demanding more regulatory certainty for power-to-gas, and to include it as an alternative in the cost-benefit analysis for grid extensions.
Neoen begins work on 51 MW PV project in Jamaica
A loan of $64 million was awarded by French development bank Proparco and Dutch peer FMO. The facility will deliver electricity to the Jamaica Public Service Company Limited at a price of $85/MWh over 20 years.
Construction begins on Portugal’s first unsubsidized solar park
The Vale de Moura scheme – backed by French investment firm Natixis – will sell electricity to Axpo Ibéria under a 10-year PPA
Dubai set to launch phase V of Mohammed bin Rashid Al Maktoum Solar Park
The Dubai Water and Electricity Authority (DEWA) has issued a tender to seek IPP advisory services for the fifth phase of the gargantuan solar plant. After launching the first four phases, which are set to reach a combined capacity of 1 GW, the emirate is now assessing how to reach the 5 GW target set for the project by 2030
Gas Natural Fenosa breaks ground on 50 MW solar park
The project was awarded by the Spanish government in an auction held in July. Fenosa plans to finish work on the facility by the end of this year
EDF Solar secures PPA for 7 MW project in central Spain
The solar facility will sell part of its power to a company near Toledo. Through a seven-year PPA, the buyer will cover around 40% of its energy needs
PV leading the charge to low-emission future says IEA
With 34 of the 38 key technologies needed to hit the Paris Agreement’s best-case scenario falling short, PV and electric vehicles are keeping hopes alive
