Europe & UK

Europe & UK

Munich Re encouraged by initial demand for wind power hedge product

February 8, 2019 Anand Gupta

The German insurer claims its product is unique because it uses an onsite machine to track real-time wind energy output ESSEN, Germany: Munich Re aims to cover 1 gigawatt (GW) of wind power capacity this year with a new insurance product that allows turbine operators to hedge against revenue losses from volatile wind speeds, a […]

Europe & UK

Germany’s Biggest Solar Park Will Be Built Without Subsidies

February 7, 2019 Anand Gupta

EnBW AG said it plans to build Germany’s biggest solar park without subsidies, underscoring how falling costs are fueling green power investments in Europe’s largest economy Germany’s fourth-biggest utility will build the 175-megawatt Weesow-Willmersdorf plant over 164 hectares (405 acres) in Brandenburg outside of Berlin, EnBW said on Wednesday. Its power will feed wholesale markets […]

Europe & UK

Sulzer Schmid’s new technology platform slashes cost of drone-based rotor blade inspections

February 6, 2019 Anand Gupta

Zurich, Switzerland: Sulzer & Schmid Laboratories AG, a Swiss company pioneering next-generation technology for the inspection of wind turbine rotor blades, announced today that it has launched a new highly competitive inspection platform. The company’s new 3DX™ HD product has been developed as a cost-effective solution to cope with large volumes of high definition blade […]

Europe & UK

EIB approves EUR 4.8 billion of transport, business, urban and energy financing and meets with civil society organisations

February 6, 2019 Anand Gupta

EUR 2.3 billion of new financing for business investment across Europe and Africa EUR 1 billion for electric vehicles, upgrading international rail links and urban transport 120 NGO and civil society representatives joined the EIB to discuss EU Bank priorities The European Investment Bank today approved a total of EUR 4.8 billion of new financing […]

Europe & UK

ReneSola Secures Financing for Projects in Hungary and Poland

February 4, 2019 Anand Gupta

SHANGHAI: ReneSola Ltd (“ReneSola” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that the Company entered into a bridge financing agreement with Eiffel Energy Transition Fund for its photovoltaic projects in Hungary and Poland. Under the terms of the agreement, Eiffel Energy Transition Fund will finance ReneSola’s 41.3 […]

Europe & UK

‘Yellow vests’ put French government on spot over power prices

February 1, 2019 Anand Gupta

Following the first wave of protests in November over the cost of living, the government scrapped fuel tax hikes planned for 2019 PARIS: France’s energy regulator is proposing a 5.9 per cent increase in regulated power prices but faces opposition from the government which had promised not to increase the cost after the “yellow vest” […]

Europe & UK

Boralex commissions the Sources de l’Ancre wind farm and confirms the commercial commissioning of its Le Pelon wind farm in France

January 31, 2019 Anand Gupta

MONTRÉAL: Boralex Inc. (“Boralex” or the “Corporation”) (TSX: BLX) announces the commercial commissioning of the Sources de l’Ancre wind farm with 23 MW of installed capacity, located in the Somme department of France. With the commissioning of this wind farm, Boralex’s capacity increases to 921 MW in France and a total 1,942 MW worldwide. “In the short term, we’re getting closer to our […]

Europe & UK

Climate fight: Germany sets 2038 deadline to end coal use

January 29, 2019 Anand Gupta

BERLIN: In a pioneering move, a German government-appointed panel has recommended that Germany stop burning coal to generate electricity by 2038 at the latest, as part of efforts to curb climate change. The Coal Commission reached a deal early Saturday following months of wrangling that were closely watched by other coal-dependent countries. “We made it,” […]

New milestone: Demand for renewable electricity surpasses 500 TWh in Europe

January 29, 2019 Anand Gupta

“For the first time renewable energy demand in Europe surpasses 500 TWh – or half a billion Guarantees of Origin (GOs),” says Tom Lindberg, Managing Director in ECOHZ, commenting on 2018 statistics from the Association of Issuing Bodies (AIB).”If the growth trend from the last five years continues, the GO-market will soon surpass one billion […]

Europe & UK

Total Eren and NBT Secure the Financing for the First Phase of The 250 MW Syvash Wind Project in Ukraine from a Consortium Led by EBRD

January 28, 2019 Anand Gupta

KIEV, Ukraine & PARIS & OSLO, Norway: A utility-scale wind power developer based in Oslo, and Total Eren SA (“Total Eren”), a leading renewable energy Independent Power Producer (“IPP”) based in Paris, have signed definitive financing agreements for the first phase of a 250 MW wind project located in the Kherson region of Ukraine. The […]