Renewable Energy

South Korean manufacturer LG said import tariffs and panel price depreciation led to lower profit for its B2B division. Japanese electronics company Kyocera saw the revenue of its Life & Environment Group fall by 26%, year-on-year, in the first nine months of the current fiscal year.

German states with coal mining regions would receive a total of €40 billion from the federal government over 20 years for structural change under the terms of the Coal Commission’s proposal, while operators of coal-fired plants would receive compensation.

German research institute Fraunhofer ISE found that electricity generation from PV systems has increased 16% to reach 45.7 terawatt-hours, with photovoltaics comprising 8.4% of total generation.

As renewable energy subsidies slowly evaporate, managing risks and securing revenue streams is becoming increasingly complex for investors. Pexapark is looking to address this helping companies transact PPAs and manage energy sales.

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.

The seventh round of funding under the Abu Dhabi Fund for Development program takes to US$350 million the amount pumped into clean energy as part of state-run energy transition strategies in the developing world.

In what it touts as one of the largest green bond transactions issued by a U.S. utility, Duke Energy Carolinas has issued bonds to further renewable energy development.

Two months after announcing its intention to turn to renewables, the Spanish oil giant has for the first time formed a technological tie-up that integrates a partner into the company’s value chain.

As a leader in the global energy transition, California is putting some of the highest levels of solar and wind on its grid in the world to date. And while the state’s grid operator has made some progress, the integration of these resources is currently limited not by physics, but by market rules and operational practices.

Despite its huge potential in the region, solar PV has hitherto gained little traction in Central Asia. In Kazakhstan, two utility-scale PV projects have been realized, and a few are in the pipeline for Uzbekistan as it begins to attract international investors. But many challenges on the policy level have yet to be overcome.