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Decline In Wind Growth Puts German and EU Renewable Targets at Risk

The growth of onshore wind energy is collapsing in Germany, jeopardizing both the German and EU renewables targets. Germany installed just 134 MW of new onshore wind farms in the first quarter of 2019 – the country’s worst first quarter for onshore installations since 2000. And is likely to install a total of just 1-2 […]

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New Zealand Plans to Go Carbon Neutral by 2050

“Agriculture is incredibly important to New Zealand, but it also needs to be part of the solution,” Climate Change Minister James Shaw said.  New Zealand introduced legislation Wednesday to make the South Pacific nation carbon neutral by 2050, although greenhouse gas emissions from the economically vital agricultural sector will not have to meet the commitment. […]

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European Alliance Eyes €6 Bn Investment in EV Batteries

Political leaders across the European Union have long called for a coordinated effort for home-made batteries that would free carmakers from having to rely on Chinese batteries as the industry shifts away from combustion engines. European governments and companies will form an alliance for developing next-generation batteries for electric vehicles, investing between five and six billion euros in […]

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Axpo Acquires Urbasolar With Plans to Become European Leader in PV Segment

Swiss energy utility Axpo and independent French solar PV specialist Urbasolar have announced the signing of an acquisition contract of 100% of the latter’s securities by Axpo. This agreement aims to consolidate and stimulate the growth of the French PV specialist, which now becomes the photovoltaic operator within the group with the ambition to become […]

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Europe’s Solar Resurgence is on the Horizon: Report

A new report has revealed that the European solar market is undergoing a resurgence with more than 10 gigawatts (GW) installed in 2018, marking a five year high. Wood Mackenzie’s ‘Global solar PV market outlook update: Q1 2019’ predicts that based on this growing trend of more and more solar installations the continent should break […]

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European Commission Approves EUR 385 Mn Support For RE Transition in Lithuania

The scheme will contribute to Lithuania’s transition to low carbon and environmentally sustainable energy supply, in line with the EU environmental objectives and our state aid rules. The European Commission has approved, under EU State aid rules, a scheme to support electricity production from renewable energy sources in Lithuania. The measure, open to all types […]

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University of San Francisco Goes Carbon-Neutral 30 Years Ahead of Goal

USF first installed solar thermal hot water systems in 1981 and added solar panels in the early 2000s – which now generate five percent of the main campus electricity. The University of San Francisco (USF) has met its goal of zero net carbon emissions more than 30 years ahead of its 2050 target date set […]

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Senvion Signs EUR 100 Mn Loan Agreement to Avoid Bankruptcy

The DIP facility enables Senvion to continue its business operations following last week’s self-administration filing.  Germany-based Senvion, a leading global manufacturer of onshore and offshore wind turbines and its lenders and main bondholders have signed a binding loan agreement, setting forth terms for a EUR 100m debtor-in-possession (“DIP”) facility.  The DIP facility has received Board […]

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Europe Invested EUR 27 Billion in New Wind Farms Last Year

Europe invested EUR 27 bn in new wind farms in 2018, which will finance a record amount of future new wind energy capacity. According to WindEurope’s annual Financing and Investment Trends report, the amount invested is similar to previous years. But, with cost reduction, especially in the offshore wind segment, the investments will finance a […]

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