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

Ameren Missouri Expands Solar Energy with $950 Million Investment

Ameren Missouri has announced a major renewable energy milestone, unveiling three solar facilities set to transform Missouri's energy landscape. These state-of-the-art centers—the 200-MW Huck Finn Renewable Energy Center, and the 150-MW Boomtown and Cass County Renewable Energy Centers—will collectively add 500 megawatts (MW) of capacity to

Premier Energy finalizes 90% acquisition of Romanian solar park, eyes wind project in Moldova

Premier Energy PLC, through its subsidiary Alive Renewable Holding Limited, completed the acquisition of a 90% stake in Development Power Solar Energy S.R.L., a company holding rights for a 49 MW DC solar park with a 16 MWh energy storage facility in Buzău County, Romania. The project is

Better Energy Connects Sweden's Two Largest Solar Parks in 2024

Better Energy has connected its second large-scale solar park in Sweden to the grid in 2024, located at Hovby Airport in Lidköping Municipality, Västra Götaland region. The Lidköping solar park is expected to generate 24 GWh of renewable energy annually, enough to power approximately 4,800 Swedish households. Earlier in

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