Western Europe

New solar installations in the country reached the milestone in six months, according to Dutch New Energy Research, which publishes its first Dutch Solar Quarterly report today.

In addition to solar subsidy cutbacks of around 20%, planned for the start of 2019, the German Federal Ministry of Economics’ draft Energy Sources Act includes special tenders for PV and onshore wind. While many say the cuts cause great uncertainty for large-scale project developers, politician Peter Altmaier sees it differently: the energy transition is becoming safer and more affordable, he says. The decision to adopt or change the act now lies with the Federal Parliament.

The rise of batteries will attract that headline figure in investment up to 2040, say analysts, as exponential growth in EV ownership, falling stationery system costs and the needs of the world’s grid-poor regions combine to boost lithium-ion technology.

A report published today by U.K.-headquartered energy company Drax says that, for the first time ever, total generation capacity available from renewables has overtaken that of fossil fuels on Britain’s electric grid.

Predictions of the imminent demise of Chinese solar demand due to the reining in of subsidies have not stopped manufacturers ramping up production capacities. German equipment maker Singulus is among the suppliers to benefit from a renewed confidence in the Far East.

At an event in London, a new tool was presented which lets the user track the UK storage landscape. The market is gaining traction amidst disfavourable policies for solar PV and other renewables from Westminster. The UK’s storage portfolio seems to be growing rapidly.

The Spanish developer said that funds from the IPO will be primarily invested in the execution of its 510 MW PV project pipeline.

The target of 105 GW of cumulative installed photovoltaic power, which was originally set for the end of the decade, has already been surpassed. PV Info Link says the 2020 solar target may now be revised upwards to 210-270 GW.

From a little known niche just a few years ago, floating solar has quickly grown to more than 1 GW of installed capacity worldwide, and a source of great hope for the industry’s future, particularly in countries where space for solar is at a premium. pv magazine spoke with experts from leading floating PV test centers in Singapore and the Netherlands to outline the challenges still faced by floating PV as the technology moves towards major growth.

The Dutch government is planning to raise between €3.5 billion and €5 billion through green bonds annually. The proceeds will be used for sustainable investments, including renewable energy deployment.