Prices of solar-plus-storage systems to be deployed on France’s island territories have fallen once again in the country’s latest auction, dipping below €100/MWh (US$122.75/MWh).
The European solar sector has defied expectations to record its second-best year ever for deployment, according to a new study from trade association SolarPower Europe (SPE).
French solar developers, financiers and utilities have said government plans to cut subsidies for PV project owners would lead to an “economic catastrophe” that could threaten the country’s energy transition.
France will guarantee tariff support to 341MW of solar projects following completion of an oversubscribed auction that featured reduced prices compared to previous rounds.
Almost a third of France’s €100 billion coronavirus recovery package directed towards greener energy policies, as the country ramps up expenditure on hydrogen production.
PV project developer and operator ReneSola Power is doubling down on efforts to expand its business in the US and Europe, targeting a total project pipeline of 1GW by the end of 2020.
Europe’s fleet of solar arrays generated 68TWh of power in the first six months of 2020, a 15% increase on last year’s figure as new, larger solar farms came to the fore.
A round-up of the latest news from Europe’s solar market, as European Energy sells off Denmark’s first solar farm built using bifacial panels and both RWE and Octopus snap up French solar assets.
German solar and wind firm Encavis AG has further cemented its position in the French market by acquiring the oustanding shares in a portfolio of assets it had invested in.
Agreement for new solar plants to power all French sites of retail multinational comes as European country eyes post-COVID renewable future, with 152MW in new rooftop tender awards.
