EU

A team tasked by the European Commission with estimating the raw material requirements of the European energy transition found if global PV roll-out is high, and the component requirements of certain solar technologies don’t improve by a greater margin, some elements could end up in short supply.

Industry body SolarPower Europe hosted a webinar to consider how the global public health crisis will affect solar. While workers and materials are still available, industry experts are concerned about the state of the financial sector. Banks could become more conservative and raise the cost of capital for renewables projects.

The European Commission has launched a 12-week online public consultation period for its 2030 climate targets.

The economic fallout of the Covid-19 outbreak is yet to be determined but as legislators scramble to establish fiscal support for the EU it is becoming clear the suits in Brussels are not prepared to scrap their hard-won Green Deal plan. Quite the opposite, in fact.

The country’s power utility has completed the pre-selection process to seek developers for a 20 MW solar project in the Banjul region. The project will feature up to four PV plants and will be developed under the national Electricity Restoration and Modernization Project.

Market intelligence firm BloombergNEF has published a report with power company Statkraft and clean energy distributor Eaton highlighting the importance of sector coupling for Europe’s decarbonization plans. Analysts examined the power markets of Germany and the U.K. and concluded effective sector coupling including the use of green hydrogen could lead to greenhouse gas emission reductions of 83% by 2050.

The move has been welcomed as a step in the right direction by lobby group SolarPower Europe nevertheless, particularly as it envisages bringing together EU low-carbon businesses. The outline ambition will now be considered by the European Parliament.

The UK Solar Trade Association has laid out its wish list ahead of new chancellor Rishi Sunak’s first budget speech tomorrow, with an exemption of solar from onerous tax valuations top of the agenda. COVID-19 measures, though, are likely to cast everything else into the shade.

Although decried for lacking ambition and as an abdication of responsibility in some quarters, the climate law proposed by the European Commission may be more ambitious than it first appears, as Felicia Jackson, from the center for sustainable finance of the School of Oriental and African Studies at the University of London – considers here.

The 8 MW facility has been developed by a cement producer to supply around 10% of the annual electricity needs of its nearby factory. Under subsidy-free rules, the power will be bought by the Electricity Authority of Cyprus for the average price it would have paid if the electricity had come from fossil fuels.