EU opens applications for €10bn, ten-year clean tech innovation fund
Funded by the bloc’s Emissions Trading System, the warchest will look to spend more than €10 billion on bringing clean energy innovations to market over the next decade. The scheme will work with other green recovery programs to secure jobs and lay a foundation on which to restart the European economy.
European Council raises hopes of green stimulus package
The economic fallout of the Covid-19 outbreak is yet to be determined but as legislators scramble to establish fiscal support for the EU it is becoming clear the suits in Brussels are not prepared to scrap their hard-won Green Deal plan. Quite the opposite, in fact.
Gambia maintains solar ambition
The country’s power utility has completed the pre-selection process to seek developers for a 20 MW solar project in the Banjul region. The project will feature up to four PV plants and will be developed under the national Electricity Restoration and Modernization Project.
SolarPower Europe repeats call for solar strategy as part of European Commission’s €1tn Green Deal
Lobby group CEO Walburga Hemetsberger says the plans announced by commission president Ursula von der Leyen this week should place the European solar industry front and center.
European Commission announces €1tn Green Deal ambition
President Ursula von der Leyen has outlined plans to fund her Green Deal with a mix of EU, member state and private sector contributions. Now it is over to individual nations and the European Parliament.
Iberdrola finishes building 500 MW solar park in Spain
The Spanish utility said it is now ready to connect the Nunez de Balboa project to the grid. The facility is expected to start generating electricity at some point in the first quarter of 2020.
Danish merchant solar set for take-off – at former airfield
A week after the Danish government announced it may stop holding auctions for new solar and wind capacity a 155 MW unsubsidized solar project has been announced for the Jutland region. The plant will initially sell electricity to the Nordpool electricity market but its developers are also considering private supply deals.
European Investment Bank signs hydrogen investment deal
The EIB and the Hydrogen Council aim to jointly develop new ways to generate funding for hydrogen projects under the European Commission’s InnovFin Advisory program. The two parties, however, have not disclosed the financial terms of their planned collaboration.
80 MW of Kenyan PV projects get €106m boost from Europe
The European Investment Bank and the Netherlands Development Finance Company have each provided €53 million for the Radiant and Eldosol solar projects.
Engie secures financing for 60 MW of solar in Senegal
A €38 million loan will be provided by Proparco, the International Finance Corporation and the European Investment Bank. A PV plant in Tauba will sell power for €0.0380/kWh and a second facility in Kahone which will sell electricity for €0.0398.
