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European solar under the spotlight: The challenges that remain
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BayWa r e commissions largest two floating solar projects outside Asia
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Green hydrogen can learn from successes as well as mistakes of Europe’s solar industry
Modular hydrogen electrolyser made by European start-up Enapter. Image: Enapter / Mission Innovation
There is likely to be demand across Europe for producing hydrogen from renewable energy, but the right regulatory frameworks and legislation need to be in place for the green hydrogen industry to find success.
A panel of industry stakeholders and experts taking part in a session on green hydrogen at the Large-Scale Solar Europe event today appeared to be broadly in agreement that a lot can be done to bring down the barriers to green hydrogen’s commercialisation, including the complexity of structuring multiple off-taker agreements and the still-high cost of electrolysers.
New avenues for trading opening up as solar financing shifts gears
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PPA market to boost solar deployment in Spain and Portugal alongside auctions
Image: X-Elio.
While recent solar auctions in Spain and Portugal have made headlines with low prices and high levels of participation, the power purchase agreement market will be key to helping both countries reach their 2030 solar deployment targets, it was suggested during a panel discussion.
Participants in a discussion during this week’s
PV Tech publisher Solar Media, compared both countries’ solar auction mechanisms and how the results are impacting deployment.
Spain’s national energy and climate plan will see it target 39GW of installed PV capacity by 2030, while Portugal’s is aiming for 9GW. Only part of the capacity to be awarded through auctions, so the PPA market and other alternative markets “will be essential” to meeting those deployment goals, said Manuel Cabrerizo, partner at renewable energy financial advisory firm Voltiq.