As RP Global starts work on 11 solar hybrid mini-grids on Lake Victoria that will supply electricity to 160,000 people, analyst Wood Mackenzie has released a report stating how increased capital flows in the sector may still fall short of securing universal electricity access by 2030. Nonetheless, off-grid solar is the cheapest and most viable solution for remote areas and attracts investment from fossil fuel majors and venture capital funds.
The solar event in Lyon illustrated how expectations of French solar remain big despite lower-than-expected development and issues related to regulations and carbon footprint requirements. The large participation of international and Chinese players seeking business among installers and distributors is a signal things may improve in the short term, and larger volumes may be deployed in the coming years.
An initial tender on Palau was won by French energy company Engie, through its unit Engie Electro Power Systems. The 100 MW microgrid project consisted of coupling 35 MW of solar and 45 MWh of storage with diesel generation.
With a proof of concept, Engie and Connected Power have integrated their second-life EV storage system into the distribution system of TenneT in Rotterdam, the Netherlands.
Greenpeace France has launched a Green Electricity Guide, which ranks 19 French electricity providers in terms of their renewable energy offers. The environmental association accuses several providers of practicing greenwashing, as they buy power from nuclear power plants and then turn it “green” using guarantee of origin certificates.
Twelve signatories from the energy and consumer goods industry have sent an open letter to the EU and U.K., calling for continued cooperation after Brexit to protect both consumer, and business, interests. The document highlights the importance of tariff-free electricity trading as intermittent renewable energy will require a higher degree of market integration.
France-based energy giant and the unit of the French conglomerate, Casino have obtained approval from the European Commission for the creation of a new common unit specializing in the development of solar projects for self-consumption.
Mini-grid solutions are becoming more popular to deliver electricity to rural areas. There are 1 billion people worldwide without access to electricity and off-grid solutions could be the cheapest and easiest solution for about 70% of them. It is estimated the market in the segment will be worth $64 billion by 2030.
Through the operation, the Brazilian unit of the French energy giant strengthens its position in the local distributed generation segment.
Engie has released a statement on the rumors that it was looking to invest in EDP Renováveis. Currently the Portuguese renewable energy company, and its parent, power utility EDP, are attracting international interest, also from Chinese state-owned power company China Three Gorges Corporation (CTG).
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