First EIB loan to LG Chem Group and its Polish subsidiary will support the construction of manufacturing facilities for advanced lithium-ion cells and batteries for battery-powered electric vehicles The project will contribute to the clean energy transition and the shift towards electrification of the European transport industry and secure the supply of advanced li-ion batteries for European […]
Europe Was at the Start of a Huge Solar Rebound. Does Coronavirus Threaten That?
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: Power-Year-ahead prices tumble to near two-year lows
The benchmark European Union carbon permit price, which power generators hold to cover their carbon emissions, fell to its lowest since November 2018 as the coronavirus epidemic was expected to drive down industrial output and emissions PARIS: European baseload power prices for year-ahead delivery hit near two-year lows in wholesale trade on Wednesday, tracking the […]
Germany Seals $45B Coal Phaseout Deal
Hard-hit regions and utilities will be compensated for their role in Germany’s energy transition, but RWE faces more than $1B in uncovered costs. Germany’s federal and state governments agreed Thursday on the tricky terms of the country’s coal phaseout, with the total bill set to run to €40 billion ($44.6 billion) as hard-hit regions are […]
Solarcentury Gets Boost From UK Government for 500MW Overseas Pipeline
Britain wants to spark a post-Brexit green industrial revolution, but its greatest opportunities for renewable exports likely lie with wind, not solar. Developer Solarcentury has secured €54.8 million ($61.1 million) of finance for 500 megawatts of solar in Spain — with a little help from the U.K. government. The backing by U.K. Export Finance, the […]
JinkoSolar Signs Agreement with COSCO to Use Port of Piraeus as a Distribution Hub for Europe
SHANGHAI, China and PIRAEUS, Greece: JinkoSolar Holding Co., Ltd. (the “Company,” or “JinkoSolar”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that the Company has signed an agreement with COSCO SHIPPING Lines (Greece) S.A. (“COSCO”) to use the Greek Port of Piraeus as a distribution hub for the shipment of its […]
Investors Still Waging War With Spain Over Retroactive Cuts
Spain has offered an olive branch in its long-running legal battle with renewables developers. But the fight isn’t over yet. Investors fighting Spain over retroactive cuts to feed-in tariffs for renewables projects are braced for more legal wrangling despite an offer to recover some revenue. It appears likely developers will ignore the regulatory olive branch […]
Enel to Build 14GW of Renewables by 2022 as Decarbonization Race Heats Up
European utility already claims the world’s largest renewables fleet, with 46 gigawatts under management. European utility giant Enel has committed half of its total investment over the next few years to decarbonization, part of a new strategic plan revealed on Tuesday. Between 2020 and 2022, the Italian group will invest €11.5 billion ($12.6 billion) in […]
Mitsubishi Eyes Leading Position in Europe’s Energy Market With Eneco Acquisition
Offshore wind will be at the center of Mitsubishi’s growth plans in Europe as it leads an acquisition of Dutch utility Eneco. A group led by Mitsubishi beat out other bidders including Shell in reaching a €4.1 billion ($4.5 billion) deal to buy Dutch energy company Eneco, which the Japanese conglomerate intends to make the […]
Energy Density Matters – Jinko’s High Efficiency Module Tiger Already Places the Company Ahead of Competitors
JinkoSolar’s worldwide market share has grown significantly over the past few years. Its continuous improvements in product line has reflected well into its increasing sales per quarter. Market entry of new Tiger module launched at All Energy Australia last month, has been reviewed well with marked gains in efficiency and overall performance. 460 Wp […]