Western Europe

British capacity market row continues over £1 billion payment insecurities

The bickering around the British Capacity Market is not over yet. The European Commission has closed its formal investigation into the market mechanism’s alleged violation of EU State Aid rules, finding no violations of that kind. But footing the bill for the year-long suspension of the scheme might prove complicated.

Hanwha vows ‘immediate appeal‘ in event of ITC summary decision

With the Q Cells solar business warning it is preparing an instant appeal if a U.S. ITC judge rules against it Stateside, the chemical company parent announced its solar panel business saw a year-on-year, third quarter rise in revenue from KRW818 billion to KRW1,638 billion.

Mirova raises €857m in Eurofideme 4 funding round for renewables

The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.

Spain’s ACS group may sell renewable energy unit

A source close to the company has told pv magazine although there are investment funds and utilities interested in buying the renewables business, an IPO for the entity has not been excluded.

EU to help anchor lower price for floating solar power

The Fresher project, funded by the EU’s European Maritime and Fishery Fund, aims to develop better and cheaper mooring and anchoring systems for floating solar. The initiative is backed by Portugal utility EDP, which has recently begun to install floating projects.

Flexible energy supply companies hampered by lack of policy

Britain’s renewable energy trade body has published a report examining the state of flexibility market readiness in nine European markets. The result makes for sobering reading for Germany, France and the U.K.

The problem with iron solar cells…

Researchers at Sweden’s Lund University have discovered a mechanism by which iron-based solar cells lose up to 30% of their charge. Understanding how the loss occurs, say the researchers, will be the first step to closing the loophole and developing more efficient solar cells based on the abundant material.

Tesla to build first European gigafactory in Germany

Elon Musk has promised a fab near Berlin that will help create up to 10,000 new jobs. Tesla wants to build the facility near the city’s controversial new BER airport.

Chinese trade visit presages big investment in Greece’s energy infrastructure

Beijing already owns 24% of Greece’s electricity transmission system operator and has pledged to back a new Greece-EU funded interconnector to Crete which is set to open up more possibilities for solar on the island. The arrival of two of China’s biggest lenders also offers the prospect of new investment in renewables.

Sonnen adds electric cars and rooftop PV to its monthly payment plan

Sonnen presented two new products in the usual hip ambiance of Berlin E-Werk. In addition to home storage and electricity, the company now offers electric cars and PV systems with battery storage on a subscription model in Germany.

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