Europe & UK

Europe & UK

E.ON transfers renewables business to RWE

October 1, 2019 Anand Gupta

Another step in the transaction to acquire and integrate innogy E.ON will continue to offer customers individually tailored renewables solutions As part of the transaction to acquire and integrate innogy, E.ON today transferred its renewables business to RWE. For E.ON, the disposal of E.ON Climate & Renewables marks the end of an extraordinary success story. […]

Europe & UK

UPDATE 1-RWE touts 18 gigawatt renewable project pipeline in green shift

October 1, 2019 Anand Gupta

* Group can spend 3 bln eur a year with partners * More than 10 GW renewable pipeline in United States * RWE now Europe’s No.3 renewable player (Adds details on markets, context) ESSEN, Germany: German utility RWE has a renewable project pipeline of more than 18 gigawatts (GW), mostly in the United States, it […]

Europe & UK

Finland launches 2-year tender for 600 MW of reserve power capacity

September 30, 2019 Anand Gupta

The capacity reserve ensures the security of electricity supply during peaks in power consumption and supply disruptions. OSLO: Finland’s Energy Authority has launched a tender to acquire reserve power generation capacity of 600 megawatt (MW) for the period 2020-2022, it said in a statement on Friday. The capacity reserve ensures the security of electricity supply […]

Europe & UK

Risen Energy expands into the Polish market, signing orders to supply solar modules to 8MW and 6.6MW power plants

September 30, 2019 Anand Gupta

NINGBO, China: Risen Energy Co., Ltd has recently signed agreements to supply 8MW of modules to a ground power station in Poland. The project will exclusively use 300W high-efficiency single crystal modules from Risen, which started shipping at the end of August. Risen Energy’s production planning Manager stated, “We will deliver high-quality modules on time […]

Europe & UK

“An incubator for climate finance and expertise to support the global transition to a low carbon future”: EIB President announces new ambition for the EU Bank

September 26, 2019 Anand Gupta

EIB Group financing to unlock and support more than USD 1.1 trillion of climate action and environmental sustainable investment in the decade to 2030, with increased support for climate change adaptation and climate resilience. To do this by delivering at least 50% of EIB finance for climate action and environmental sustainability by 2025. To align […]

Europe & UK

Swiss trader DXT signs solar power deal in Italy with steelmaker ORI Martin

September 25, 2019 Anand Gupta

MILAN: Swiss energy trader DXT Commodities has agreed to buy the output of a solar plant being built in Italy in a five-year power purchase agreement (PPA) with German investment company KGAL and steelmaker ORI Martin. Under the deal, the largest of its kind in Italy this year, DXT will buy all the power produced […]

Europe & UK

JinkoSolar to Supply 300 MW of Ultra-High Efficiency Modules for Utility-Scale Project in Spain

September 25, 2019 Anand Gupta

MUNICH: JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has signed a module supply contract with METKA EGN, a world-class EPC contractor, for 300 MW of JinkoSolar’s ultra-high efficiency Cheetah modules to be installed at a large-scale solar power plant in […]

Europe & UK

Italy: Juncker Plan – EIB lends EUR 250m to ENEA for research into clean fusion energy

September 23, 2019 Anand Gupta

The project is guaranteed by the Investment Plan for Europe and is being co-financed by EUROfusion, the EU programme to produce safe, clean nuclear fusion energy by 2050 Agreement signed with the Lazio Region will help develop the new international scientific hub in Frascati 1,500 new jobs expected, including 500 for scientists and technicians, with […]

Europe & UK

UN Climate Action Summit: EIB and fellow MDBs commit to collectively raise annual climate finance to USD 175 billion by 2025 in response to climate crisis

September 23, 2019 Anand Gupta

Individual efforts to collectively total at least USD 65 billion annually by 2025, with USD 50 billion for low and middle income economies, 50 percent above current levels Joint adaptation finance provided to clients expected to double to USD 18 billion annually by 2025, compared to current levels. Collective efforts to result in a further […]

Europe & UK

Neutrino Energy: Centralized vs. Decentralized Power

September 14, 2019 Anand Gupta

Neutrino Energy Would Have Protected Canada from Dorian’s Wrath BERLIN: Everyone was relieved that Hurricane Dorian, which was a Category 5 hurricane when it hit the Bahamas, didn’t harm the Florida coast too badly and mostly spared coastal states like Georgia, Alabama, and the Carolinas. As Dorian dispersed, however, it affected weather patterns all the […]