Spain’s acting government has called on the European Union to assess a potential carbon tax on power imports to protect the bloc’s interests and help it to pursue its environmental targets amid growing public concern over climate change. In a letter sent to their counterparts in the European Commission last week, Energy Minister Teresa Ribera […]
Recharging economies: The EV-battery manufacturing outlook for Europe
As uptake of electric vehicles (EVs) increases, the EV-battery market represents an opportunity for European players. We assess the potential and look at factors guiding the location of production capacity. ith the dawn of electromobility and the resulting increase in EV production, the market for EV batteries has seen consistently high growth rates over the […]
Enel team fires German battery
Enel Green Power Germany, Enertrag and Leclanche have inaugurated the 22MW Cremzow energy storage system in the German state of Brandenburg. The €17m battery project in Cremzow will support the stability of the German grid by providing frequency regulation services to the country’s primary control reserve, Enel said. “When the grid’s frequency decreases due to […]
WoodMac: Solar Plants Cheaper Than Natural Gas ‘Just About Everywhere’ by 2023
The days of new gas-fired plants keeping up with utility solar will soon be over. But the rise of competitive renewables auctions means profits will be hard to come by, even in an expanding market. Solar will soon be able to out-compete gas-fired plants around the world. That doesn’t mean it will be any easier […]
Smart future for renewables: ees Europe lands in Germany this week
An annual highlight of the already-packed renewable energy industry calendar, Intersolar Europe brings tens of thousands of people to Munich each year to do business in the glorious Bavarian sunshine. Yet even there the sun occasionally fails to do its own business, which is a vaguely humorous way of saying that, by logical extension, the […]
Floating Offshore Wind Holds Promise for Vertical-Axis Turbines
Vertical-axis wind turbines have failed to make a dent in the thriving global wind energy business. But proponents say the technology may be well suited to the emerging floating offshore market. Long relegated to the margins of the wind industry, vertical-axis wind turbines (VAWTs) could get a new lease of life on floating platforms. Swedish […]
Europe Launches Multibillion-Euro Initiative For Electric Car Batteries
The lack of a reliable battery technology that can alleviate “range anxiety” for electric vehicles has held back their development. Today France and Germany formed a partnership to invest in finding a solution. Announcing the consortium in Paris, the French and German finance ministers said €5-6 billion ($5.6-6.7 billion) would be invested in the project. […]
The Tesla Model 3 is rocketing past Europe’s best-selling electric cars: analyst
The Tesla Model 3 achieved yet another milestone as it continues its international ramp. Over the first quarter, the electric sedan from Silicon Valley successfully rocketed past other popular electric cars in Western Europe, taking its place at the top of the region’s list of best-selling EVs. Berlin-based automotive industry analyst Matthias Schmidt noted that […]
EDPR announces an €800 million Asset Rotation deal for wind farms in Europe
EDP Renewables a global leader in the renewable energy sector and one of the largest wind energy producers in the world, signed a Sale and Purchase Agreement with institutional investors advised by JP Morgan Asset Management to sell EDPR’s full equity shareholding and outstanding shareholder loans in an operating onshore wind portfolio with 997 MW […]
Europe’s Solar Renaissance Is on the Horizon
European solar installations hit a five-year high in 2018, and the annual market should crack 20 gigawatts by 2021, according to the latest research from Wood Mackenzie Power & Renewables. Europe’s solar market is undergoing a resurgence. More than 10 gigawatts were installed in 2018 for the first time in five years, and the market […]