Eran Chvika, finance and projects partner at Pinsent Masons LLP, discusses the possible remedies available for developers set to be hit by retroactive subsidy cuts in France’s solar market
The results of Spain’s auction this week for 3GW of renewables capacity have been widely welcomed by the country’s solar sector, but calls have been made to tweak future auctions to support smaller-scale projects as well as encourage the participation of bids with energy storage.
Having deemed yesterday “Climate Wednesday”, US President Joe Biden signed a raft of Executive Orders designed to ratchet up the US’ efforts to combat climate change and accelerate the growth of its domestic renewables sector.
Rising domestic demand for solar helped Spain reach 596MW of new self-consumption PV installations last year, according to data from trade association UNEF.
Corporations bought 18% more clean energy last year compared with 2019, according to new research, with tech giant Amazon and oil and gas group Total leading the global energy transition.
PV-Tech’s flagship PV ModuleTech conference returns, through an online platform, on 9-11 March 2021, with a focus on providing utility-scale site developers and investors a comprehensive understanding of the new module formats being sold to the market today.
Solar PV bidders secured two-thirds of allocated capacity in the first of Spain’s new renewable energy auctions, which was held yesterday (26 January) and was more than three times oversubscribed.
French solar asset owners are set for months of uncertainty and potential legal battles as the country’s government moves forward with efforts to retroactively cut feed-in tariffs (FiT) for some older PV power plants.
