Czechia

Vienna-based renewable resource company Enery Development GmbH introduced that it has gotten a 71-MW portfolio of operational solar farms in the Czech Republic from funds managed by CEE Equity Partners Ltd

The EU-funded Nextbase project intends to produce heterojunction, interdigitated back-contact solar components for less than EUR0.275/ W. Solar panels including the Nextbase cell tech are anticipated to have a conversion effectiveness of 23.2%, according to the European Commission.

According to the Czech Solar Association, the action versus solar will likely activate defaults for hundreds of PV projects. The Czech federal government likewise intends to develop even more nuclear reactor as well as has actually pledged to prolong the life-span of its coal-fired plants.

The raised renewable energy ambition has been dismissed by the domestic solar association, which accuses president Miloš Zeman of wanting to destroy the Czech PV sector. In 2019, the country added only 7 MW of new PV installations.

Economic thinktank Carbon Tracker used financial modeling to determine the profitability of every coal power plant in the EU. On average, 79% of the facilities run at a loss, with Germany, Spain and Czechia among the states particularly exposed to the consequences – for coal investors and the public.