Russia’s invasion of Ukraine means that ensuring security of energy supply through the expansion of renewables should be a priority for policymakers, according to the CEO of German utility RWE.
Liam Stoker reflects on the opening day of Solar Finance & Investment Europe 2022, where investors and developers alike warned of looming inflation, power price volatility and project availability as Europe’s energy landscape enters a new paradigm.
Germany is set to rapidly accelerate solar and wind deployment as it brings forward plans for renewables to account for all the country’s electricity needs by 2035.
The February 2022 episode of the Solar Media Podcast features discussion around the energy sector impacts of Russia’s invasion of Ukraine, an exclusive interview with Lightsource bp’s leadership team and all the news from our Energy Storage Summit 2022.
Germany is launching an initiative to support the construction of solar projects on agricultural land, in a move the economy ministry estimates could result in the deployment of 200GW of extra PV capacity.
German asset manager KGAL Investment Management has acquired a combined 50% stake in renewables developer GP Joule Projects, with the two companies intent on taking advantage of the “immense growth opportunities” of renewables across Europe, and in particular Germany.
Impax Asset Management is collaborating with clean energy financial technology provider Bullfinch Asset to invest in distributed solar generation in Germany.
Renewable energy asset manager Luxcara has reached financial close for a subsidy-free solar project in Germany that will have a capacity of at least 171MWp and supply power to Volkswagen.
Around 5.3GW of solar was installed in Germany last year, however the trade body has warned that additional barriers will need to be “torn down” if the new German coalition government’s target of 200GW of operational solar capacity by 2030 is to be met.
