Europe & UK

Europe & UK

Greece wraps up PV tender with record-breaking €0.04911/kWh tariff

April 7, 2020 Anand Gupta

Greece held its last round of renewable energy tenders in Athens on Thursday, resulting in the lowest tariff ever awarded to a renewable energy project in the country. Greece has launched a series of renewable energy tenders to procure new solar PV and wind power capacity in separate auctions and joint tenders. Earlier this week, […]

Europe & UK

ENGIE awarded 235MW of wind and solar tenders in France

April 7, 2020 Anand Gupta

French multinational utility company ENGIE has won a total of 235MW solar and wind projects during the latest round of tenders in France. The French minister for ecological and inclusive transition Elisabeth Borne announced the results of the tenders earlier this month. Out of the 235MW, Engie secured 165MW in solar power segments and more […]

Europe & UK

Spain and Sweden are Europe’s cheapest markets for PPA: BNEF report

April 6, 2020 Anand Gupta

Spain and Sweden have the cheapest power purchase agreement (PPA) prices in Europe for wind and solar energy, according to data from Bloomberg NEF’s (BNEF) 1H 2020 European Corporate PPA Price Survey. Sweden, with prices set around €30.50/MWh, is the cheapest market for onshore wind corporate PPAs. In the solar market, Spain is the cheapest, […]

Europe & UK

Siemens Gamesa receives firm order for 342 MW Kaskasi offshore wind power plant in Germany

April 6, 2020 Anand Gupta

Project with innogy SE to use 38 Siemens Gamesa SG 8.0-167 DD Flex turbines Power to be supplied to more than 400,000 German households Wind turbine installation work to start in Q3 of CY2022 Siemens Gamesa Renewable Energy (SGRE) has received a firm order from innogy SE to supply the offshore wind turbines for […]

Europe & UK

EUROPE POWER-Spot prices lifted by drop in renewables power generation

April 2, 2020 Anand Gupta

PARIS: European spot electricity prices for day-ahead delivery rose on Thursday on the back of a slump in wind and solar generation, while year-ahead contracts climbed, tracking a rise in carbon, coal and gas futures. * The German over-the-counter baseload contract for Friday delivery was up 6.3% at 21 euros ($22.44) a megawatt hour (MWh) […]

Europe & UK

Europe Was at the Start of a Huge Solar Rebound. Does Coronavirus Threaten That?

March 28, 2020 Anand Gupta

Construction delays are manageable, supply-chain worries appear unfounded and low-risk solar investments may shine in an uncertain climate, experts say. Europe’s solar renaissance looks set to continue blossoming despite the impact of the coronavirus and falling power prices, experts and investors say. A combination of new competitive tenders and the increasingly favorable economics of solar […]

Europe & UK

Bosnian region invites bids for 60 MW solar power plant

March 17, 2020 Anand Gupta

The Energy Ministry of Bosnia’s autonomous Serb Republic on Friday invited interested investors to bid at a tender for the construction of a 60-megawatt (MW) solar power plant in southeastern Bosnia, report agencies. The solar power plant, which will be located near the town of Bileca, is expected to produce 84 gigawatt-hours (GWh) of electricity […]

Europe & UK

Vattenfall issues second €500 million green bond

March 14, 2020 Anand Gupta

Swedish energy giant Vattenfall has issued its second €500 million (£435 million) green senior bond. The issue was oversubscribed by over six times, the company said, with the proceeds to be used to finance investments in the four eligible categories specified in the Vattenfall’s Green Bond Framework. The categories – renewable energy and related infrastructure, […]

Europe & UK

Fortum, BASF and Nornickel sign Pact for Battery Recycling in Finland

March 12, 2020 Anand Gupta

Image Source: EV Battery Recycling Fortum BASF Nornickel Fortum, BASF and Nornickel have signed a letter of intent to plan a battery recycling cluster in Harjavalta in Finland, serving the electric vehicle market. This would enable a successful closed loop cycle to re-use the critical metals present in used batteries. Using metals from recycled batteries […]

Europe & UK

Spanish Oil Major Repsol to Build 860MW of Wind Farms at Home

March 7, 2020 Anand Gupta

Repsol was the first oil major to set a net-zero target, and now it’s leading an Iberian renewables charge. Spanish oil major Repsol will build and operate 860 megawatts spanning 26 new wind farms in its home country, nearly doubling its pipeline of renewables projects in development. Repsol was the first among its oil and […]