New analysis by think tank Ember shows April surge saw European renewables reach shares not expected until 2025, amid claims earlier-than-predicted surge highlights need for flexibility.
Confirmed record-breaking at 6:10am of Tuesday 28 April was made possible by a combination of high levels of solar on the grid and lower-than-usual demand.
Firm walks PV Tech through its reasons to become first solar IPP to join European Energy Exchange (EEX), a move it says will help curb counterparty risks as power prices plunge worldwide.
Deal announced in January to become Iberia’s ‘largest solar power player’ by sponsoring 2.9GW portfolio will go ahead despite slashing expenditure as COVID-19 sends oil prices crashing.
Construction launch of plant part of 100MW complex in Seville sees Enel Green Power España add its name to operators resuming work after partial lockdown easing of 13 April.
European renewables investor The Renewable Investment Group (TRIG) has warned of a “material impact” from COVID-19 on its power price forecasts, contributing towards a cut to the group’s net asset value (NAV).
Group rolls out COVID-19 precautions as it starts building 126MW trio in Ciudad Real and expects to break ground on 264MW PV project in Extremadura in ‘coming weeks’.
Figures coming to light in recent days show industry reached all-time highs in Germany and Spain and became part of broader renewable milestones in at least the UK and Australia.
Country’s largest utility PGE says non-core areas will go due to the COVID-19 crisis but excludes PV and wind ambitions from the cull, a green energy thumbs-up by a hard-coal and lignite stalwart.
