A report by Finnish company Wärtsilä has estimated the potential impact if every dollar committed to a non-renewables energy sector recovery was instead funneled to clean power.
Analysts at Bloomberg New Energy Finance have quantified the influence of markets around the world. The ranking supplies a snapshot of 25 countries and also offers a five-year outlook.
Researchers have sounded the alarm. If no serious efforts are made on second-life battery use, recycling and vehicle-to-grid applications, decarbonization efforts may hit the buffers a lot sooner than expected.
A study from the Lappeenranta University of Technology states a deeper complementarity between solar and wind generation may favor renewables deployment reducing the need for stronger developments in storage technology. Combining solar with wind more widely could also reduce the need for ramping and improve the reliability of energy supply, say the researchers.
Inverter manufacturer Fimer provided its PVS980-58 central inverter solution for the project, which will derive 35% of its energy from solar PV.
Finnish company ICS has developed a foil which it claims can significantly increase the yield of solar panels, when applied to the edges of a PV module. Germany’s Fraunhofer ISE has confirmed that the increase in performance for conventional solar modules with the solar film is ranging from 5% to 10%.
The Swiss utility will sell the ancillary services offered to energy network operator Fingrid by the 30 MW/30 MWh lithium-ion Yllikkälä Power Reserve One battery provided by French renewables company Neoen.
The Yllikkälä Power Reserve One project will be one of Europe’s largest storage installations and the biggest in the Nordic countries. French developer Neoen will deploy the big battery close to Lappeenranta in the southeastern part of the country.
Energy company EPV Energy is planning to build a 100 MW solar park to replace peat energy production. Peers Wärtsilä and Vantaa Energy are planning a power-to-gas facility to produce carbon-neutral synthetic biogas using electricity and carbon dioxide from a waste-to-energy plant.
Appetite may have been lacking among private investors – at a time when global stocks are tanking amid Covid-19 and global recession fears – but the eco-friendly new Finnish government, and neighboring administrations, have stepped in to fill the breach.
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