News & Analysis

SolarPower Summit 2024: Mission Solar, 4-5 March, Brussels

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/BRUSSELS, January 19, 2024, 10:00 GMT, SolarPower Europe/ The Mission Solar sets out new frontiers: Decarbonising our energy systems, and keeping our planet habitable. Strengthening Europe’s energy supply and defending our security. Empowering citizens and democratising energy.  As we face our future, we draw on the collaboration, the technological advancement, and the political drive that can take us into new worlds. As solar meets deeper challenges this decade, the sector must cross these next frontiers as pioneers before us.

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European Commission (EC) Approves €2.9 Billion French State Aid Scheme for Supporting Investment in Green Industries

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/BRUSSELS, January 8, 2024, 12:00 GMT, European Commission, RENEWABLE MARKET WATCHTM/ The European Commission has approved a €2.9 billion French scheme for supporting investment in green industries (tax credit for investment in green industries) to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 and amended on 20 November 2023, to support measures in sectors which are crucial for accelerating the green transition and reducing fossil fuel dependencies. France has notified to the Commission, under the Temporary Crisis and Transition Framework, a €2.9 billion scheme for supporting investment in green industries to foster the transition to a net-zero economy.

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Renewable Market Watch™ Participates in COP28 Conference in Dubai, United Arab Emirates

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/DUBAI, the United Arab Emirates (UAE), December 12, 2023, 9:00 GMT, RENEWABLE MARKET WATCHTM/ Renewable Market Watch™ participates in the COP28 Conference in Dubai, UAE. COP28 closed today with an agreement that signals the “beginning of the end” of the fossil fuel era by laying the ground for a swift, just and equitable transition underpinned by deep emissions cuts and scaled-up finance. In a demonstration of global solidarity, negotiators from nearly 200 Parties came together in Dubai with a decision (the UEA Consensus) on the world’s first ‘global stocktake’ to ratchet up climate action before the end of the decade – with the overarching aim to keep the global temperature limit of 1.5°C within reach. The UAE Consensus calls on Parties to transition away from fossil fuels to reach net zero, encourages them to submit economy-wide Nationally Determined Contributions (NDCs), includes a new specific target to triple renewables and double energy efficiency by 2030, and builds momentum towards a new architecture for climate finance.

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Photon Energy N.V. Applies for up to EUR 15 Million Loan from the European Bank for Reconstruction and Development (EBRD) to Finance up to 30 MW Solar Project Portfolio in Romania

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/LONDON, December 8, 2023, 9:00 GMT, EBRD, RENEWABLE MARKET WATCHTM/ Photon Energy N.V. applied for up to EUR 15 million senior secured loan to finance a portfolio of up to 20-30MW of solar power plants in Romania and investments in Lerta R&D and capacity market collateral capex, including in the associated Virtual Power Plant ("VPP") software and hardware platform. The EBRD loan is to be approved under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197). The Bank's proceeds will be used to finance the completion of the Company's solar projects in Romania and will allow the Company to proceed with projects currently in a less advanced development phase across Romania and Poland. EBRD financing will also enable Photon's subsidiary Lerta to participate in the incoming capacity market and energy system services auctions, thus expanding the product offer towards over 1GW of capacity currently supported by the Lerta's VPP software.

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Renewable Market Watch™ Participated in the Solar Solutions Düsseldorf Trade Fair 2023

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/DÜSSELDORF, November 28, 2023, 16:00 CET, RENEWABLE MARKET WATCHTM/ Renewable Market Watch™ participated in the Solar Solutions Düsseldorf trade fair, which brought together over 12,100 experts from the sustainable energy sector in North Rhine-Westphalia and the surrounding regions to exchange knowledge and meet potential business partners. State Secretary Silke Krebs from the Ministry of Economic Affairs, Industry, Climate Protection and Energy of the State of North Rhine-Westphalia officially opened the trade fair. More than 220 exhibitors presented their products and services in two halls with a total exhibition area of around 20,000 square metres. Solar Solutions Düsseldorf focuses on direct and easy trade at all times. Official trade fair statistics show that a total of 12,504 products and exhibitors were scanned with the in-house trade fair application. These lead scans are registered whenever the individual QR code of an exhibitor or product is scanned. This proves the above-average active interaction between visitors and exhibitors.

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