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.
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.
