With more than 5 GW of approved solar projects in the ERCOT grid, Texas is getting ready for a major boom in its utility-scale solar market.
The Asian Development Bank, which is backing the plant, is seeking project consultants. If built, the solar park would improve the country’s limited power supply and bring technical benefits to the national grid.
The CommUNITY project is being realized outside the U.K. regulatory framework, which does not permit power trading between electricity customers.
The service, costing €2 per month, is for residential customers that use PV products provided by the power company. The system is provided by E.ON group – a shareholder in the Slovak utility – and has already been launched in Germany, Czechia and Italy.
NESF and Zestec have joined forces for the development of a commercial portfolio in the U.K. NESF provides the capital, which will be refinanced through the proprietary PPA model by Zestec.
The Spanish company has agreed with the Canadian CarbonFree the sale and construction of four new solar plants in Chile worth $33 million.
The manufacturer’s insolvency administrator has declared the investor search over. By March at the latest, all production equipment at the German module factory in Freiberg, as well as the buildings themselves, should come under the hammer.
The nation already meets well above 80% of its electricity demand from renewable energy. With e-mobility and electric industrial processes on the rise, higher demand has created new development opportunities.
In Mauritius, a 16 MW grid-tied solar power plant aimed at reducing coal and oil consumption was commissioned last week, while in the Maldives the Scaling Up Renewable Energy Program (SREP) is supporting the archipelago’s efforts to committ to clean energies through a 5 MW solar tender.
President Cyril Ramaphosa has announced a plan to rescue state-owned power company Eskom by separating it into three units. According to consultants Frost & Sullivan, although that may not be enough to completely address the utility’s financial crisis it may further encourage investment in renewables.
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