International renewables developers are rushing to secure projects in Brazil before the government takes away subsidies for new solar and wind farm installations next year.
Europe’s renewables sector stands well poised to deliver the huge scale of growth required to power a green hydrogen economy, but issues surrounding land and permitting will need to be tackled if the nascent sector is to fulfil its potential.
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.
French firm’s winning bid of €24.89/MWh is less than half the initial ceiling price and shows tenders’ ability to deliver public goods in ‘fantastically competitive and imaginative ways’, says EBRD.
Group notes outbreak could see construction contracts postponed but insists it can reach 1GW-by-2020 installed capacity target, amid PV work in Brazil, Portugal, France and others.
Union of French firms will allow Voltalia to strengthen its offering to third party clients and Greensolver to leverage operational efficiencies and a larger business network.
Hiring of French firm by Swiss investor Smartenergy will pave way for construction of three PV plants in Southern European hotspot, set to launch new PV-only auction next month.
Parent Creadev, existing backer Proparco and the EBRD to fund €283m of total capital increase, launched by firm to push PV, wind portfolio from current 1GW.
