German utility RWE has selected the site of a biomass and coal-fired power plant in the Netherlands for its first floating solar project, which will have a capacity of 6.1MWp and be commissioned by the end of 2021.
ACWA Power and Iberdrola are among the seven founders of a new coalition that aims to scale up the production of green hydrogen 50-fold in the next six years while halving production costs.
Germany’s RWE is on track to increase its solar and wind portfolio to 10GW by the end of 2020 as the company ramps up its renewable energy expansion following project commissioning delays due to the coronavirus pandemic.
Solar parks with a total capacity of 2.3GW will be developed in Greece as part of a €5 billion (US$5.94 billion) roadmap to support the phase-out of coal generation by 2028.
Oil and gas majors moving aggressively into renewables must build and not buy their way in, or their contribution to global carbon reduction efforts will be significantly limited, RWE’s CFO Markus Krebber has said.
A round-up of the latest news from Europe’s solar market, as European Energy sells off Denmark’s first solar farm built using bifacial panels and both RWE and Octopus snap up French solar assets.
Fossil fuel exposure lands energy majors in trouble with one-trillion-dollar GPFG, who is boycotting coal-heavy firms as part of climate shift that will see it back unlisted renewables.
German giant to invest €5bn to deploy major new fleet of PV and wind by 2022, following its success in 2019 doubling net income to €1.2bn and adding E.ON’s renewable assets.
German firm gets support for ready-to-build 42MW pipeline at 750MW auction held on 10 December, which is set to award US$950m in CfD payments over 17-year period.
