Solar Energy

Czech Republic Sees Second Solar Boom Amidst Energy Market Shifts

The Czech Republic is witnessing a second wave of the solar boom, with the installed photovoltaic capacity reaching 3.6 GW in the first half of 2024, surpassing the previous peak during 2009-2010. This surge, driven by subsidies and heightened interest after the energy crisis, contrasts sharply with the earlier boom, focusing now on small installations on family homes, which contribute a third of the total capacity.

The State Environmental Fund has supported 192,632 applications since 2021, injecting CZK 34.1 billion into photovoltaic projects through the New Green Savings program. Additionally, the National Recovery Plan has allocated nearly CZK 1.7 billion to smaller solar installations for businesses, with further approvals amounting to CZK 6 billion.

Despite this growth, low electricity prices during peak solar production challenge the profitability of large solar parks. The increased solar capacity has led to a significant drop in spot prices, with 278 hours of zero or negative pricing recorded in 2024, up from 102 hours the previous year. This has discouraged new large-scale solar projects and highlighted the need for better energy storage solutions, as reliance on fluctuating solar energy complicates the broader energy market.

Source: Seznam Zprávy

Ukraine's Largest Foreign Investment in Lviv: €75M Wind Farm Begins Operations

The Lviv region’s largest foreign investment during the full-scale war, a €75 million wind farm, has commenced operations. The project was a joint effort, with the Czech company MND and Ukraine’s Eco-Optima each contributing 50%. The wind farm, featuring 10 turbines, transmits electricity via a 14-kilometre line to

Greenyard Logistics Polska to Install 2 MWp Solar System at Żabia Wola Facility Using PV-as-a-Service Model

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Citadele Bank Grants €12.99 Million Financing for Solar Park Construction in Latvia

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