Europe to invest 1,235 million Euros in R&D for PV technology

07/06/2010 09:10 Renewable

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The European Photovoltaic Industry Association and the European Photovoltaic Technology Platform presented a plan at the SET Plan Conference in Madrid on June 3rd and 4th to support reaching competitiveness in the sale prices for residential and commercial customers.

The plan will aid getting solar energy 12 percent of the power demand in the European Union in 2020. An investment of about 1,235 million Euros in R&D would be required during the next three years as to raise the competitiveness of the photovoltaic technology, with about 60% of the whole being put in by the private sector and the other deriving from the European Commission and the European countries.

Daily (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather

12/11/2019 11:17:00

Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.

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Mongolia exports 32.3 million tons of coal as of first ten months

12/11/2019 10:35:00

Mongolia planned to export 42 million tons of coal in 2019. According to statistics of Mongolian General Customs Administration, Mongolia has exported 32.3 million tons of coal as of first ten months of 2019 which means there is a necessity to export 9.7 tons of coal in order to reach the goal. But the People’s Republic of China appears to maintain its coal import at 200-300 million tons so that the amount of coal export has a tendency to slow down in the last months of 2019 according to Bloomberg.

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NTT to spend 600 billion yen on own grids for power business

12/11/2019 10:25:00

Nippon Telegraph and Telephone has decided to build its own power grids. Japan's largest telecom company plans, beginning in the year ending March 2021, to sell electricity from storage batteries at its roughly 7,300 office buildings around the country, mainly to hospitals and factories.

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