An international consortium comprising
European renewable energy companies, Australian government agencies, and local contractor Otoc has come together to finance and develop a $ 40 million solar power project at Sandfire Resources» DeGrussa copper mine.
Not exact matches
A study earlier this year by German
company Energynautics commissioned by Greenpeace found that grid upgrades totaling up to 140 GW of capacity would be necessary across the
European Union and eastern and northern Europe to cope with the vast increase planned in
renewable energy.
Facing a saturated domestic market and fierce competition in
European and US markets, Chinese
companies are now advancing into Africa with a full range of commercial activities along the production chain, including the export of wind turbines and solar panels, the development of new equipment manufacturing facilities, and the financing and construction of new
renewable energy generation facilities such as wind and solar farms.7 China's increasing engagement in the promotion of
renewable energy projects in Africa seems to have gone almost unnoticed; but how significant is this engagement, what form does it take and how can it best be explained?
«Building one of the first subsidy - free solar projects of this size in Europe is a ground - breaking milestone; both for us as an international
renewable energy company and also for the future of the
European PV market,» explains Benedikt Ortmann, Managing Director of BayWa r.e. Solar Projects GmbH.
Equity raising by
renewable energy companies on public markets jumped 54 % in 2014 to $ 15.1 billion, helped by the recovery in sector share prices between mid-2012 and March 2014, and by the popularity with investors of US «yieldcos» and their
European equivalents, quoted project funds.
These include bankruptcy of non-competitive non-hydro «
renewable» power
companies (as in Spain), soaring electricity prices (as in Western
European countries such as Germany, Denmark, and Great Britain), electricity shortages (as in Great Britain and Germany when the wind does not blow and the sun is not shining), and the departure or decline of
energy intensive industries.
The call is supported by associations of
European cities promoting sustainable
energy, the
renewable energy industry and Europe's leading
companies manufacturing
energy saving products [9].
A growing number of
European and Asian solar
companies are opening factories in the U.S. to take advantage of a growing market and the economic stimulus plan by the federal government to give billion of dollars in grants and loan guarantees to
renewable energy equipment manufacturers and power plant developers.
«Building one of the first subsidy - free solar projects of this size in Europe is a ground - breaking milestone; both for us as an international
renewable energy company and also for the future of the
European PV market,» added Ortmann.