Activ Solar completed the largest European Solar Park

05/01/2012 11:00 Renewable

news

Activ Solar GmbH completed recently the Europe’s biggest solar park obtaining financing from two Russian banks, VTB Bank OJS (VTBR) and Sberbank of Russia (SBER). According to the Activ Chief Executive Officer Kaveh Ertefai, the project of this size typically costs around 300 million euros.

Activ Solar owns a polysilicon manufacturing plant in Ukraine. In 2011 the company developed country’s first utility – scale solar facility and completed Eastern Europe’s biggest plant in Ohotnikovo in four phases each with 20MW. Ukraine is seeking to increase its renewable energy capacity in order to reduce its energy dependency on coal and nuclear power plants which generate about 90 percent of country’s energy production. To that effect, in 2009, the government introduced a feed-in tariff until 2030, a fixed premium tariff for clean power, for large solar projects of 0.46 euros per KWh.

Netherlands built Europe’s biggest wind capacity in 2020

01/03/2021 08:32:00

The Netherlands has topped the list of countries with the highest wind capacity installed in 2020.

<READ MORE

UK ETS auctions to begin on 19 May

01/03/2021 08:27:00

The first auction of UK ETS allowances (UKAs) will be held on the platform on 19 May, and will continue to take place on alternate Wednesdays from here until the final sale of the year on 15 December.

READ MORE

Daily (26.02.2021): Brent crude rally take a breather, while U.S. WTI crude ends at its highest since May 2019

26/02/2021 09:49:00

Crude oil prices diverged on Thursday, with Brent crude steadying after a period of optimism amid concerns over OPEC+’s willingness to continue output cuts grow. In contrast, U.S. WTI crude gained ground, spurred by optimism of quickly depleting global oil inventories. Hence, Brent crude lost 0.2% to settle at $66.88 a barrel. Meanwhile, U.S. WTI crude rose by 0.5% to 63.53 a barrel, marking its highest finish since May 2019.

READ MORE