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On November 22, European Central Bank President Christine Lagarde warned against viewing monetary policy as a solution to the debt problem, implicitly rejecting a recent suggestion from the French far-right party that the ECB should restart its large-scale asset purchase program. Earlier this month, far-right leader Valdés Bardélé stated, "We will not be able to avoid discussions with the ECB regarding the French debt problem." French politicians are not the only ones calling for the ECB to help meet growing spending demands; Italian ministers have also repeatedly urged ECB policymakers to cut interest rates or implement quantitative easing. However, central bank governors across the Eurozone have repeatedly cautioned governments against over-reliance on monetary policy, emphasizing instead the need for greater reform and consolidation.On November 22, the Coordination Headquarters for the Treatment of Prisoners of War in Ukraine issued a statement confirming the return of 31 Ukrainian civilians from Belarus. The statement said that the 31 Ukrainians, who had been detained in Belarus and sentenced to prison terms ranging from 2 to 11 years, were returning home that day. Previously, Belarusian Presidential Press Secretary Esmont stated that, in accordance with the agreement reached between the leaders of the United States and Belarus, and at the request of Ukraine, Belarusian President Lukashenko had pardoned 31 Ukrainian citizens who had committed criminal offenses in Belarus.November 22 - The United States and Ukraine will hold talks in Switzerland.A senior Ukrainian security official said that Ukraine will hold consultations with the United States and European partners on ending the Russia-Ukraine conflict.The Ukrainian Presidential Palace stated that Ukrainian representatives will defend the legitimate interests of the Ukrainian people and the foundations of European security.

In the United States, solar costs increased by more than 8 percent in the second quarter

Charlie Brooks

Jul 15, 2022 10:35

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According to a research published late on Wednesday, solar energy prices in the United States climbed by 8.1% in the second quarter as a result of an investigation by the Commerce Department into tariffs on Southeast Asian products and growing input costs.


According to a quarterly index that analyzes renewable energy transactions and is collected by LevelTen Energy, the increase amounted to a remarkable 29.7 percent increase in the overall price of wind and solar contracts, also known as power purchase agreements (PPAs), compared to the previous year.


Compared to the previous year, the cost of solar PPAs has climbed by 25.7%.


Since the Russian invasion of Ukraine, economic, logistical, and labor market problems caused by the coronavirus outbreak have intensified, undoing a decade of renewable energy industry cost reductions.


Wind contract expenditures grew by 2.5% during the quarter and have grown by 33.7% annually. Third-quarter wind energy costs in the Southwest Power Pool (NASDAQ:POOL) jumped by 16 percent due to a lack of transmission capacity. Some of the nation's most windy regions, including parts of Nebraska, Oklahoma, and Texas, are served by the grid operator.


LevelTen claimed that it was too soon to evaluate whether or not the decision by U.S. President Joe Biden in early June to waive tariffs on solar panels from the four Asian countries included in the probe for two years will alleviate some of the cost pressure.


In a survey of fifty developers conducted by the firm, around one-third responded that they wanted additional assurances that tariffs would not be applied retroactively if the Commerce Department were to implement them after the two-year wait.


LevelTen reports that the rising cost of wind and solar contracts for corporate and utility buyers has mirrored the rising cost of natural gas-related wholesale energy prices.


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