After an extensive process and a raft of documents, the European Commission has laid the groundwork for legal measures aimed at a more sustainable solar industry. Don’t expect a revolution.
As the European Commission prepares its strategy for a European Green Deal, it is important to understand how solar can deliver on ambitious climate targets.
The EIB and the Hydrogen Council aim to jointly develop new ways to generate funding for hydrogen projects under the European Commission’s InnovFin Advisory program. The two parties, however, have not disclosed the financial terms of their planned collaboration.
The European Commission has approved use of funds given by seven member states to back Europe-wide R&D projects across the lithium-ion battery value chain, with the aim of potentially unlocking an additional €5 billion in private sector investment.
The bickering around the British Capacity Market is not over yet. The European Commission has closed its formal investigation into the market mechanism’s alleged violation of EU State Aid rules, finding no violations of that kind. But footing the bill for the year-long suspension of the scheme might prove complicated.
Amid high hopes for the European Commission presidency that is about to start, attendees at a recent event in Berlin tempered optimism by renewing calls for an industrial policy for the bloc.
The European Solar Manufacturing Council says a decision by policymakers to disregard the carbon footprint of imported solar products ‘makes absolutely no sense’. Talk of ‘jobs which require a rather low qualification’, meanwhile, is unlikely to heal the widening rift with solar project developers and panel installers.
The energy company wrapped up construction of the site in eight months. In March, DTEK commissioned a 200 MW site which was also installed in record time.
Exxon Mobil and BP did not produce figures for their clean energy investment activity and Total responded only with its ‘low carbon electricity’ spending. Shell stated it had invested €1.6 billion in clean energy from late 2016 up to June and Chevron gave details of its spending to reduce emissions and enable ‘greater diversity of energy sources’.
European partners have submitted a joint proposal to use EU-made solar modules and wind turbines to power green hydrogen for use by heavy industry. The partners hope to secure designated status and backing from the bloc’s deep coffers.
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