PV

Although wind power had the largest share with 165 MW of capacity, solar was able to secure the same number of projects and a total capacity of 104 MW. The Danish Energy Agency had received 17 bids, including 280 MW of solar projects.

The chairman of the European Energy Research Alliance says the EU must bring national research centers together in a continent-wide effort before it is too late, and the COP24 meeting needs to send out a positive message to the world.

A scenario in which no additional oil, coal or nuclear capacity is built and renewables grow at a pace of 3-4%, would see solar comprise 69% of the global electricity system by 2050. According to an EU thinktank, such an effort would boost European manufacturing, creating jobs and prosperity.

Through a new package of measures for the energy sector, the German government has introduced a significant incentive reduction for commercial and industrial solar, but has also allocated an additional 4 GW of solar capacity in tenders up to 2021.

At the weekend’s G20 summit, a framework agreement for the project expansion was signed by project initiator Jemse SE and Chinese partners Power China and Shanghai Electric. The plant expansion will include the deployment of storage capacity. The project is one of two PV plants, totaling 400 MW, selected in round one of the RenovAr program for large-scale solar and renewable energies.

French developer Voltalia has secured an $18.1 million loan for its 50 MW Kopere solar project. The plant will sell power to utility KPLC under a 20-year PPA. The country’s Rural Electrification Authority is also tendering 1.1 MW of solar plants associated with minigrids in off-grid regions.

Accumulated water at hydropower facilities can work as a virtual charge during the daytime while direct solar power is being used, according to a study. Reservoir-based hydropower plants will offer the best such option, as they are highly controllable and offer abundant water levels.

The outlook for sales and operating result has once again been lowered by the inverter maker. EBITDA is now expected to show a mid-to-high double-digit loss.

Carbon Tracker has released a report claiming it is cheaper, in many markets, to construct new renewable generation assets instead of running legacy coal-fired power plants. Billions could be saved for customers, while profits in the two-digit billion-dollar range look set to be lost by the coal industry.

That would mean a market increase of around 25% on this year. Demand is predicted to become particularly strong in the second half of the year.