EU Posts

Bill Gates and EU set up EUR 100 million renewable energy fund

Bill Gates and EU set up EUR 100 million renewable energy fund

Funded by Gates‘ Breakthrough Energy Coalition and InnovFin, Bill Gates and the European Commission are setting up a new EUR 100 million fund. The aim is to fuel renewable energy growth, push ultra low-cost solar and to find new technologies and energy storage solutions.

Great Britain is facing hard work if 2020 energy goal is to be met

Great Britain is facing hard work if 2020 energy goal is to be met

In face of the G20 Summit, which is taking place this weekend in Germany, the British government have admitted that there is still “work to do“ in order to reach the country’s energy goal. At the end of 2016, renewables made 8.9% of Britain’s energy mix, with the goal for the end of 2020 being 15%.

PV installations with storage are now encouraged in Czech Republic

PV installations with storage are now encouraged in Czech Republic

Until end of May, Czech companies can apply for funding if they are planning a PV installation with a storage option. This is meant to increase the available storage capacities, as 5 kw/h of battery storage is required for every kilowatt of PV power.

EU places import tariffs on Chinese solar modules

The EU has put import tariffs on future solar products coming from China. The tariff is to start on June 6th of this year. This will be the largest anti-subsidy proceedings the EU has ever undertaken. Until June 5th, Member States of the EU can still give their opinions to the Commission, however, they will be unable to prevent the import tariffs. Some experts are concerned that these tariffs could trigger a trade war between Europe and China.

China is currently the largest photovoltaic product manufacturer in the world and has grown significantly in recent years. Their products are demanded by the industry all over the world. Last year alone, China sold 21 billion Euros of solar products and related components in Europe. European manufacturers have found it difficult to compete with the cheap prices of the Chinese manufacturers. Some European solar companies have filed for bankruptcy including Solon, Centrotherm, and Q-Cells. Under this large import tariff, European plant manufacturers with their primary market in China will also likely be impacted.

 

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