Europe & UK

Europe & UK

Q CELLS enters energy solutions business with launch of Q.ENERGY

February 27, 2019 Anand Gupta

− Q.ENERGY offers 100% green electricity to customers eager to consume renewable power and gain independence from traditional energy suppliers − Q.ENERGY is available as two different energy tariffs: Basic and Smart, which offer customers a fresh new way to consume electricity − Q CELLS’ Head of EU Sales, Maeng Yoon Kim, said: “Clean and […]

FILE PHOTO: Chinese Vice Premier Hu Chunhua speaks at the plenary session of the World Economic Forum on ASEAN at the Convention Center in Hanoi

Europe & UK

UPDATE 2-Spain’s Iberdrola to speed up investment programme

February 27, 2019 Anand Gupta

MADRID: Spanish energy company Iberdrola said on Tuesday it will speed up its investment plans, the majority of which will be spent on its networks and renewables businesses, as part of its four-year strategy to 2022. The leading global wind energy producer said total spending in the period will amount to 34 billion euros ($38.61 […]

Europe & UK

Philips on track to becoming carbon-neutral in its own operations by 2020

February 27, 2019 Anand Gupta

Halfway through its 5-year sustainability program ‘Healthy people, Sustainable planet’, Philips is on track to meet all its targets, with 12% of revenues from Circular Products and Solutions and 64% from Green Revenues in 2018. Amsterdam, the Netherlands: Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today reported further progress in its sustainability […]

Europe & UK

Renewable energy group Total Eren agrees to buy NovEnergia

February 27, 2019 Anand Gupta

Total Eren said NovEnergia had a diversified portfolio of wind, solar and mini-hydro power plants representing a total installed capacity of 657 MW PARIS: French renewable energy company Total Eren has agreed to buy NovEnergia Holding Company, a power producer which Total Eren said was worth more than 1 billion euros ($1.1 billion). Total Eren […]

Europe & UK

EU Commission approves RWE’s purchase of E.ON renewable assets

February 27, 2019 Anand Gupta

BRUSSELS: German utility RWE has won EU antitrust approval to buy the renewables businesses and nuclear electricity generation assets of E.ON, the European Commission said on Tuesday. “The Commission concluded that the transaction would raise no competition concerns in the European Economic Area,” the EU executive said in a statement. On completion, RWE, Germany’s biggest […]

Europe & UK

Trina Solar selected for first project with low CO2 bifacial dual-glass modules in France

February 27, 2019 Anand Gupta

CHANGZHOU, China: Trina Solar Co., Ltd (“Trina Solar” or the “company”), a leading total solutions provider for solar energy, announced today that it will supply 16 MW of special low-carbon footprint bifacial PV modules to EDF Renewables. EDF Renewables is building up two projects in Aramon (5 MWp) and Saint Pargoire (11MWp). Trina Solar is […]

Europe & UK

KfW IPEX-Bank finances Granja PV park in Chile

February 27, 2019 Anand Gupta

KfW IPEX-Bank is financing the construction and operation of the 123 MW Granja PV park in Chile’s Atacama Desert. The total investment volume adds up to approx. USD 114 million, with KfW IPEX-Bank providing a long-term loan of up to USD 91 million and the related interest hedging. The financing by KfW IPEX-Bank supports the […]

Europe & UK

Poland to invest in solar panels as power prices rise

February 26, 2019 Anand Gupta

WARSAW: Poland expects its power capacity to increase by at least 200 megawatts (MW) annually in coming years thanks to planned incentives for smaller electricity consumers to invest in solar panels, the entrepreneurship and technology minister said. Most electricity produced and used in Poland comes from aging coal-fueled power stations and thus a rise in […]

Europe & UK

Portugal plans solar power licensing auction by mid-year

February 25, 2019 Anand Gupta

The new capacity to be offered to investors is more than 2.5 times the installed solar power capacity in Portugal LISBON: Portugal will launch its first big auction of solar power capacity in June or July, offering 1,750 megawatts as it seeks to boost emission-free electricity production, Environment and Energy Transition Minister Joao Matos Fernandes […]

Europe & UK

Little leeway to ease consumer pain as European power prices soar

February 23, 2019 Anand Gupta

PARIS/WARSAW/LONDON: Households across Europe should brace for higher energy bills this year as governments have had little success in limiting rises in the face of soaring wholesale and environmental costs. This has already spelt trouble for some. Rising energy prices and plans to hike fuel taxes were a catalyst for the “yellow vest” protests that […]