Europe & UK

Europe & UK

France’s Engie looks to set up renewables fund in Australia

October 31, 2019 Anand Gupta

The plan is to find one or more partners to invest in a fund to develop 2,000 megawatts (MW) of wind and solar farms in the next 10 years Melbourne : French energy company Engie plans to set up a renewable energy investment fund in Australia to speed up investment in wind and solar farms, […]

Europe & UK

Experts Say Rooftop Solar Energy Can Help Poland Triple PV Output

October 31, 2019 Anand Gupta

With the nearing transition to the EU’s vision of a climate-neutral economy, Poland recently announced plans to triple its solar power capacities to 1.5%. This could be reached by installing solar panels on already existing roof spaces, as Bloomberg reports that doing so could generate as much as 25% of the EU’s power needs. October […]

Europe & UK

Spain’s Solar Bubble Looks Set to Pop. The Market Will Be Just Fine

October 30, 2019 Anand Gupta

Consolidation is coming to Spain’s red-hot solar market, but in a post-subsidy world the landing will be relatively soft. The Spanish solar market is red hot. It’s hard to think of any solar market generating so much interest in the absence of a generous subsidy package. The bulk of this speculation is built on the […]

Europe & UK

UK-based Quercus sells 320MW of solar, wind assets to Italy’s Green Arrow

October 30, 2019 Anand Gupta

MILAN : British-based renewable energy investor Quercus has sold 320 megawatts of wind and solar power assets to Italian private equity Green Arrow Capital (GAC) for an undisclosed amount. The five funds sold to GAC, wrapped into Quercus Assets Selection, manage operations in Italy, Britain, Spain, Romania and Bulgaria, the two companies said on Tuesday. […]

Europe & UK

German Government Alienates Wind Industry by Prioritizing Solar in Its Climate Change Act

October 29, 2019 Anand Gupta

To reduce carbon emissions and address the effects of global climate change, the German government announced a package of new policies known as the Climate Change Act at the end of this September. Along with this law, the German government has also introduced new renewable energy targets, a carbon pricing scheme, and many other related […]

Europe & UK

Germany’s climate protection law: Opportunities for the storage sector

October 29, 2019 Anand Gupta

On October 9, Germany’s Federal Cabinet passed a climate protection law making Germany the first country to adopt a binding roadmap towards greenhouse gas neutrality. It provides legally comprehensive climate targets for the transport, energy, industrial, building, agricultural and waste-management sectors. Several new measures for each of these areas, including incentives, promotion and investment programs, […]

Europe & UK

Fortum & Neste ink Electricity Sales Agreement for Kalax Wind Farm

October 29, 2019 Anand Gupta

Fortum aims to engage with customers and society to promote solutions for a cleaner world. As part of the implementation of our strategy, in the spring of 2019 we began construction of the 90-MW Kalax wind farm in Närpiö, Finland. Fortum and Neste have now signed a 12-year electricity sales agreement for the project. The […]

Europe & UK

EBRD Invests in TERNA ENERGY Green Bond

October 29, 2019 Anand Gupta

The EBRD is stepping up its efforts to support renewables in Greece by supporting TERNA ENERGY with an EUR 18 million investment in the Greek company’s successful issuance of a seven-year EUR 150 million green bond. The funds will finance additional investments in renewable energy projects in Greece. The projects will also contribute to the […]

Europe & UK

Europe’s Storage Market Set to Grow, Along With Merchant Risk

October 29, 2019 Anand Gupta

In the absence of a silver bullet, Europe’s storage industry will have to bite a regular one — and embrace merchant risk. Europe’s energy storage sector is on the cusp of big new opportunities, but first, it will need to get comfortable with merchant risk. Large-scale systems are seeing new potential revenue streams at the […]