Spain’s Balearic Islands proposes ambitious 100% renewable energy law
Blasting the Spanish Government for its lack of renewables action, the Balearic Government has today issued an ambitious Climate Change Law designed to kick start a renewable energy transition on the four islands of Mallorca, Menorca, Ibiza and Formentera. Overall, it aims to cover 100% of energy demand with renewables by 2050. 230 MW of solar PV are alerady in the pipeline.
Guggenheim: Sale of CAFD, NYLD casts doubt on the yieldco space
A research note by Guggenheim Securities says that the discounted sales of NRG Yield and 8point3 Energy Partners show how difficult it has been for investors to accurately value yieldcos, and undermines confidence.
Germany’s Allgäu region connects first large-scale battery storage system
ADS-TEC, a southern German battery solutions provider, has this week connected a 1 MW+ lithium-ion storage facility in the Allgäu region of the country.
Northvolt battery project approved for EIB loan that could reach €52.5m
The Swedish storage developer will receive the loan funds via the European Commission’s InnovFin fund, which is part of the Energy Demo Projects facility.
Teamtechnik receives stringer order for HJT module line
German PV equipment manufacturer, teamtechnik today announced that it has received an order for its TT1400 ECA stringer from an Italian PV manufacturer. The tool will be integrated into a line producing high efficiency heterojunction PV modules.
REC Silicon posts revenue increase for Q4 2017
Norwegian headquartered manufacturer, REC Silicon has posted revenue of $78 million for the fourth quarter of 2017, a 3.4% increase over the previous quarter’s $75.5 million. The company also increased its EBITDA to $10.3 million, up from $3.6 million the previous quarter.
Heineken unveils strategy to increase renewables to 70% by 2030
The Dutch brewer unveils its “drop the C” program for renewable energy. The campaign aims at growing its share of renewable thermal energy and electricity in production from the current level of 14% to 70% by 2030.
Belectric enters Dutch market with 14 MW solar project
The Dutch PV project, “Zonnepark Lange Runde” was officially inaugurated this week. Belectric built the 14 MW plant after having been awarded the EPC contract from Statkraft, alongside the municipality of Emmen.
Wacker Chemie boosts 2017 sales volume by 6% Y-O-Y
German-headquartered polysilicon producer attains 2017 sales and earnings target, posting €4.92 billion in sales and net income of €885 million.
Europe added 8.61 GW of solar in 2017 with Turkey taking top spot
Annual growth of 28% on 2016’s performance points to promising future as Turkey’s 1.79 GW saw the nation overtake Germany as Europe’s most dynamic solar market. Former shining star, the U.K. slinks away from top table after shrinking 54%.
