Finland, Luxembourg Commit For EU’s Renewable Energy Financing Mechanism Updated On Tue, Feb 28th, 2023 by Saurenergy The implementation of the EU renewable energy financing mechanism has taken an important step forward as binding commitments have come from Finland and Luxembourg who will now take part in a cross-border tender for renewable energy. The announcement by the two countries follows an invitation by the Commission to all EU countries last year to […] Read more
Canadian Solar Renews EUR 100 Million Note Program Updated On Tue, Feb 28th, 2023 by Saurenergy Canadian Solar Inc. has announced that Canadian Solar EMEA Capital Markets, its wholly-owned subsidiary in Spain, has registered its EUR 100 million medium term note program in the MARF (a Spanish multilateral trading facility). Canadian Solar said that any payment under the notes issued under the note program will be guaranteed by the company. The […] Read more
Germany’s BayWa r.e. Builds Central Europe’s Largest Floating Solar Plant Updated On Wed, Feb 22nd, 2023 by Saurenergy ECOwind, a subsidiary of German developer, BayWa r.e., together with Austrian energy supplier EVN, has built central Europe’s largest floating PV array in Austria. The 24.5 MWp capacity plant in Grafenwörth in the state of Lower Austria covers an area of 14 hectares on two artificial lakes of a former sand and gravel pit. It […] Read more
EU Saved €12 Billion Due to Wind & Solar Expansion Due to Ukraine-Russia Conflict: Ember Report Updated On Wed, Feb 22nd, 2023 by Saurenergy The conflict between Russia and Ukraine that continues for a year now has proved to be a ‘blessing in disguise’ for the European Union with regards to renewables. An analysis by Ember – an energy think tank – has revealed that the European Union has saved more than EUR 12 million through a switch from […] Read more
Romania Gets €259 Million EU Aid for Solar Panels & Battery Production Updated On Fri, Feb 17th, 2023 by Saurenergy Europe is speeding for timely transition to clean energy to avoid climatic changes. In a key development, the European Commission has approved a EUR 259 million scheme to support investments in the production, assembly and recycling of batteries, of photovoltaic cells and of panels in Romania. The new funding is approved under EU State aid rules […] Read more
EU Approves €2.08 Billion for Offshore Wind Energy Project in France Updated On Tue, Feb 14th, 2023 by Saurenergy The European Commission has approved a EUR 2.08 billion French measure to support offshore wind energy production in France. The decision has been taken under EU State aid rules. The measure will contribute to achieving France’s energy and environmental targets, as well as the objectives relating to the EU’s Offshore Renewable Energy Strategy and the […] Read more
CIP Will Invest EUR 8 Billion In Offshore Wind Project In Portugal Updated On Mon, Feb 13th, 2023 by Saurenergy The Copenhagen Infrastructure Partners (CIP) has said it looks to invest EUR 8 billion in a mega offshore wind energy project in Portugal. According to reports, a spokesperson from the Denmark-based fund management firm CIP held that it will go for multi-billion investment in the Nortada offshore wind energy project. The wind project will be […] Read more
European Investment Bank Greenlights India’s Large Scale Hydrogen Projects with 1Bn Euro Updated On Thu, Feb 9th, 2023 by Saurenergy In a major announcement that will give India’s Hydrogen projects a push, the European Investment Bank (EIB) has given its nod on joining the India Hydrogen Alliance (IH2A) and provide impetus to green hydrogen hubs on large scale for projects located in India. Following Indian government and EIB approvals, the funding is pegged at close […] Read more
Solar Energy Prices Soar 60% In Europe As Wind Availability Dropped in Q4 Updated On Wed, Feb 8th, 2023 by Saurenergy A new report from LevelTen Energy has revealed that high development costs and an unstable regulatory environment has caused an 11,4% jump in European solar PPA prices in the fourth quarter of 2022. The report also mentions that solar PPA prices reached €76.84 per MWh, representing a 60% year-over-year increase. LevelTen Energy is a renewable […] Read more
