Europe & UK

Solar panel equipment maker Meyer Burger feels bite of Chinese subsidies cut

Europe & UK

Soltec shares jump 11% in debut on Spanish stock market

October 29, 2020 Anand Gupta

MADRID: Shares in Spanish solar equipment maker Soltec rose on their market debut on Wednesday, in a sign of investor confidence in its bid to capitalise on growing international interest in clean energy sources. The Soltec shares were up 11% at 5.26 euros ($6.22) in late morning trading, while the IBEX-35 blue chip index was […]

Equinor, Jera, J-Power to jointly bit for Japan’s offshore wind projects

Europe & UK

Offshore wind firm Orsted beats third-quarter expectations

October 29, 2020 Anand Gupta

The world’s largest offshore wind farm developer kept its full-year guidance for earnings before interest, tax, depreciation and amortisation (EBITDA) of 16-17 billion Danish crowns ($2.5-$2.7 billion) COPENHAGEN: Danish energy group Orsted beat third-quarter profit expectations on Wednesday, but said offshore wind projects in the United States faced “significant” delays. The world’s largest offshore wind […]

Europe & UK

Hanwha Energy secures large-scale solar-plus-storage project in Hawaii

October 28, 2020 Anand Gupta

October 27 – South Korea’s Hanwha Energy Corp on Tuesday said it has won the bid to build and operate the Kupehau solar-plus-storage system in a procurement exercise managed by US utility Hawaiian Electric. The Kupehau project will install a 60-MW solar farm and 240 MWh of battery energy storage on the island of Oahu. […]

Europe & UK

Siemens launches local power trading platform with German utility

October 23, 2020 Anand Gupta

Using blockchain technology to link participants via an app, it allows producers to earn money from marketing their excess production, the firms said, while distributing power locally represents a more efficient use of the grid German technology group Siemens and utility Allgaeuer Ueberlandwerk (AUEW) on Thursday launched a trading platform that allows small rooftop solar […]

Europe & UK

EIB and LBBW provide PLN 184million each to construct four wind farms in Poland

October 23, 2020 Anand Gupta

The EIB financing is backed by a guarantee from the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe. The European Investment Bank (EIB) and LBBW are providing PLN 184 million (approximately €42 million) each to finance the construction and operation of four wind farms in Poland’s Wielkopolskie region. […]

Europe & UK

America must build its technology industries to win against China and Russia

October 20, 2020 Anand Gupta

Within every crisis is an opportunity. At the other end of this global pandemic awaits a new world of economic winners. Russia is already evoking Cold War memories by calling its test coronavirus vaccine “Sputnik V.” China is no different in the race for a vaccine, portraying itself as a global citizen and using that […]

Europe & UK

Sunny outlook for Spain’s first post-pandemic IPO

October 20, 2020 Anand Gupta

MADRID: Spanish solar equipment maker Soltec has seen keen investor interest for a stock listing it hopes will benefit from global economic rebuilding after the coronavirus crisis, its chief executive said on Monday. Soltec, which makes kits that help solar panels soak up more rays, said it had received enough non-binding orders, on a first […]

Europe & UK

Poland’s PGE to Invest $19 Billion to Meet Zero-Emissions Goal

October 20, 2020 Anand Gupta

Poland’s largest utility plans to spend 75 billion zloty ($19.4 billion) by 2030 as it aims to become climate-neutral by mid-century. PGE SA seeks to invest half of that amount in renewable energy sources, including offshore and onshore wind as well as solar power plants, it said in a statement on Monday. Its 2050 […]

Europe & UK

German consumers to get cheaper power after green levy is capped

October 16, 2020 Anand Gupta

FRANKFURT: German consumers can look forward to lower energy bills next year after a reduction in a surcharge they pay to support renewable power. Average households will see power prices fall by 1%, which translates to 12 euros of annual savings for a three-person household, price comparison site Verivox said on Thursday. The surcharge was […]

NHAI, NTPC, NHPC too hit by Moody’s cut; rating outlook cut on 7 sovereign-linked infra bond issuers

Europe & UK

Moody’s sees German power price at 40-50 €/MWh, French at 45-44 € to 2023

October 15, 2020 Anand Gupta

The forecasts, in a report on Wednesday, were both unchanged from last year’s estimates and compared with current prices of 39.9 euros and 45.5 euros respectively for annual wholesale contracts in both countries FRANKFURT: Moody’s Investor Services estimated German year-ahead power prices would fall within a range of 40 to 50 euros ($46.9 to$58.7) a […]