The solar park is expected to be connected to the grid infrastructure of a coal power plant located nearby. Polish oil group Orlen is targeting 2 GW of renewable energy assets by 2030.
Although the global solar industry might be cheered by the prospect of a healthy slice of an expected $12 trillion, 30-year windfall, governments are falling far short of steering us clear of catastrophic global heating, according to the analyst’s latest New Energy Outlook report.
Victory in the economic realm (increasingly the case with solar, solar-plus-storage and wind) is no guarantee of market victory if the regulations are stacked against renewables.
Federal network agency the Bundesnetzagentur has announced it will retire 4 GW of coal-fired generation capacity through the exercise, which will see plant operators compete to secure one-off payments in return for shuttering, or converting operations.
The debt-saddled South African utility has issued an expression of interest to seek proposals on how to refurbish three fossil fuel power plants to be decommissioned in the current decade. Eskom said that all of the proposed solutions should be at the tech-readiness level.
Austrian power provider Verbund has shut down its coal-fired district heating plant in the state of Styria as planned. This means that coal power generation in Austria is now history, paving the way for a switch to a 100% renewable power supply by 2030. However, Photovoltaic Austria emphasizes that Austria needs a well-considered plan for clean energy, as a quarter of the nation’s electricity is still generated from fossil fuels.
Coal has underpinned power generation for more than a century as a cheap, reliable and well understood technology, writes IHS Markit analyst George Hilton. Decommissioning of coal generation, in light of global efforts to reduce carbon emissions, will radically change the energy landscape and potentially leave a substantial gap to be filled by energy storage technologies.
Polish power providers Enea and Energa have suspended construction financing for a new 1 GW coal power plant in northeastern Poland. According to the Europe Beyond Coal campaign, this could mark the beginning of the end for the $1.6 billion project. The two companies said their decision depended mostly on the new EU policy for the electricity sector and a lack of external financing.
Renewables generated more electricity than coal in the EU for the first time ever in 2019, driving the sharpest reduction in the European power sector’s carbon emissions in three decades, according to a new report.
At the ongoing COP25 summit in Madrid, the French energy group announced the closure of nearly 1 GW of coal assets in Chile and Peru between 2019 and 2024. It also secured a PPA for an 18 MW solar park that will come online in southern France in June 2021.
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