BloombergNEF says in a new report that solar and wind must drive most emissions cuts before 2030 to stay on track for net-zero by 2050. Its net-zero scenario targets a combined solar and wind capacity of 31 TW by 2050.
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In the third week of October, European electricity market prices were stable, with an upward trend in most cases compared to the previous week. However, in the MIBEL market, prices fell due to high wind energy production, which reached an all time record in Portugal and the highest value so far in 2023 in Spain.
Ciel & Terre builds 11 MW floating solar in France; Fortis plans 2 GW Balkans renewables, green hydrogen; Soltec sells 850 MW DC Danish projects; ABO Wind completes 18.5 MW German PV park.
CPIA reports China’s 2023 solar installations may reach 160-180 GW while BNEF predicts up to 415 GW. Read more on China’s PV industry here.
France has achieved an average price of €85.20 ($93.72)/MWh in a 512 MW hydro-wind-PV tender. It has selected 34 projects, including four wind installations and 30 ground-mounted solar plants, from developers such as EDF, Neoen, and BayWa re.
Europe Solar Highlights: Mirova invests €140M in Hyperion Renewables, TotalEnergies backs Xlinks, Glasgow Airport’s 19.9 MW solar, EIB supports Sorégies, Solar Steel’s Turkish deal, REC Group shuts Norway silicon plants.
Latest in European solar news: Axpo’s 10 MW alpine plant, insights on German renewables workforce, Voltalia’s UK solar farm, Modus’ Lithuania projects, and EPCG’s green energy collaboration in Montenegro.
Energinet, the Danish national transmission system operator, is pioneering a pilot project to fast-track the integration of over 1 GW of renewable energy through an innovative temporary grid connection method. This initiative aims to streamline the process of bringing solar and solar-wind hybrid projects online, contributing to Denmark’s renewable energy targets and sustainability goals.