Austria Pivots Solar Subsidies Toward Storage and Smart Energy Management
Austria is overhauling its renewable energy support framework, shifting the emphasis from adding new solar panels to managing when that electricity is actually used. The Economy and Energy Ministry has announced that starting next year, subsidies will prioritize battery storage and intelligent energy management systems over basic photovoltaic installations. The policy shift follows a stark […]
U.S. Green Steel Grant Redirected to Extend Coal-Based Furnace Life
A $500 million federal grant originally awarded to decarbonize a Cleveland-Cliffs steelworks in Middletown, Ohio will instead be used to renovate and prolong the life of the plant’s coal-fired blast furnace, the U.S. Department of Energy has confirmed. The original project envisioned retiring a 73-year-old blast furnace and replacing it with hydrogen-ready technology and electric […]
Greek Solar Operators Face Loan Strain as Revenue Falls Short of Projections
Greek banks are escalating warnings to photovoltaic plant operators over missed loan obligations, as the gap between projected and actual revenues continues to widen across the sector. Mandatory curtailments and softer wholesale electricity prices have eroded the cash flows that underpinned financing agreements struck during Greece’s solar expansion years, raising the prospect of widespread non-performing […]
European PPA Market Records 24 July Deals as Regional Prices Pull in Opposite Directions
Europe’s long-term renewable energy contract market recorded 24 new deals totalling 1.1 GW in July, alongside nine agreements in the battery storage sector, according to data from consultancy Pexapark. The Euro Composite base index reached €45 per megawatt-hour overall, yet that headline figure conceals a clear regional split in pricing trends. The United Kingdom and […]
