Portugal: Renewables are driving down electricity prices
In March alone, renewable energies covered 103.6% of the country’s total power consumption, a performance which was mainly driven by wind and hydropower. As a result, the average power price on the daily spot market dropped year-on-year, from €43.94/MWh to €39.75/MWh.
Copenhagen Infrastructure Partners raises €3.5 billion for renewables
The Danish investment firm will use the funds to finance wind, solar, biomass and geothermal projects across several markets. The final close of the fund exceeded its end goal by €500 million.
SolarWorld keeps shipping modules
Production is ongoing, despite the solar PV manufacturer’s recently announced insolvency proceedings. Starting this week, solar modules will be delivered to customers in France, Kuwait, Japan, Sri Lanka and Germany. SolarWorld is also seeking new investors.
EBRD helps Morocco assess its renewable energy injection capacity
The international financial institution is assisting the grid operator of the Northern African country, ONEE, in evaluating the current capacity of its very high voltage (VH) and high voltage (HV) networks to absorb additional power from renewables.
Belgium: Flemish government to improve conditions for “direct lines” for renewables
Flanders’ Ministry of Energy intends to make it easier for renewable energy suppliers to sell power to a final customer through a direct connection. This is expected to encourage industrial customers and public entities to increase consumption from clean energy sources.
Genneia acquires 82 MW of PV projects in Argentina
The Argentinean energy company has agreed to buy three utility-scale projects selected by the Ministry of Energy and Mines in the second round (Ronda 1.5) of the Renovar program.
Calyxo files for insolvency
The German thin film solar PV module maker was forced to start the proceedings after an order from a major customer was canceled.
Tonga launches tender for 6 MW of solar-plus-storage
Local power utility, TPL is seeking independent power producers for the deployment of 6 MW of solar PV capacity combined with storage. The selected project will be granted a 25-year PPA.
Baywa r.e. secures PPA for its 170 MW solar project in Spain
The solar PV park will be constructed in the Spanish municipality of Alcalá de Guadaíra, in the southern region of Andalusia. The facility will sell power to Norway-based power provider, Statkraft.
Portuguese government sets up task-force to fast-track solar investments
The new entity will have to provide an analysis on the current processes for the approval of utility-scale solar PV projects, and propose new mechanisms for making more room for solar in the local congested grid.
