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.
Energy tech company AES has made a strategic investment in 5B, an Australian energy start-up that manufactures modular ‘plug and play’ solar solutions.
Iberdrola has hit the accelerator on its renewables investments in H1 in spite of the pandemic, as the multinational utility looks to move forward with a project pipeline that now exceeds 58GW.
Spain’s solar industry has the potential to drive the country’s economic recovery after the sector posted a record amount of new installed capacity last year, according to the Spanish Photovoltaic Union (UNEF).
Wind consultancy firm, RWDI in collaboration with tracker systems specialist, Soltec have developed a new method for comprehensive dynamic analysis in tracker wind-design to give the stability needed to a PV power plant installed at an extreme location or exposed to high winds. Dy-WIND is a combination of DAF + FAM + BAM as a new standard in tracker multi-array design analysis.
Production of green hydrogen using renewable power for electrolysis could be cost competitive with incumbent methods by 2030, analysis by research firm IHS Markit has concluded.
Investment in new solar capacity fell in the first half of 2020 by 12% year-on-year to US$54.7 billion as the COVID-19 pandemic hit both project financing and scheduled auctions.
Spanish utility Iberdrola has landed €800 million (US$903 million) in funding from the European Investment Bank (EIB) and Instituto de Crédito Oficial (ICO) to spearhead new renewable energy deployment throughout Spain.
Corporate solar funding fell by 25% year-on-year to US$4.5 billion in the first half of 2020, but the decline could have been much starker, new analysis by Mercom Capital has found.
