energy crisis

Spain will introduce a windfall tax on power firms and banks from following year to fund steps designed to assist Spaniards handle soaring inflation.

European power purchase agreement (PPA) prices have actually risen by a "staggering" 47% year-on-year as the continent's energy crisis lingers with skyrocketing rising cost of living, LevelTen Energy has said.

Spain will present a windfall tax on power companies as well as financial institutions from next year to fund measures made to assist Spaniards manage rising inflation.

A tactical and renewables-heavy response to "apocalyptic" power prices witnessed in Australia has actually been asked for by the Australian Industry Group (Ai Group).

The heads of five major energy trade bodies in Europe have written to the European Union and also member states prompting them not to alter the present power price establishing system in light of the continent's energy crisis as well as rather pursue greater renewables rollout.

Solar panels' installments in farms will certainly help to reduce electrical energy bills of farmers, reduce greenhouse discharges and also power farm machinery like electric tractors, crushing machines and crop-spraying drones. The Agriculture Ministry will issue a non-fungible token that will allow trade with international investors in Singapore.

Spain has actually sought to control the installment of floating solar PV on reservoirs in the nation, providing a listing of requirements based mostly on water quality.

Spain is to fast-track solar PV projects with generation abilities of as much as 150MW as part of a collection of actions the country has enacted to help relieve an energy crisis influencing the nation.

Europe can cut in half the amount of gas in its energy mix and decrease energy costs by EUR323 billion (US$ 356 billion) if it rapidly accelerates renewable release, according to a brand-new report from energy technology group Wärtsilä.

France should take "radical and also immediate measures" to transform its power system and also rapidly accelerate solar deployment, the country's PV trade association has actually said.

Russia's intrusion of Ukraine implies that ensuring security of energy supply via the expansion of renewables ought to be a priority for policymakers, according to the CEO of German utility RWE.

Italy should increase the authorisation of brand-new solar projects to reduce the country's dependence on imports of Russian gas, the head of state of sector trade organization Italia Solare has actually claimed.

Germany is set to swiftly increase solar and also wind implementation as it advances plans for renewables to account for all the nation's electricity needs by 2035.

New measures from Italy's federal government to accelerate and also streamline renewables implementation have actually been greatly criticised by the country's solar market.

Renewable power purchase agreement (PPA) prices in Europe remain to climb up, rising 7.8% quarter-on-quarter in response to the continent's growing energy crisis, according to brand-new research from LevelTen Energy, a provider of renewable transaction infrastructure.