Spain is Europe’s cheapest market for corporate solar PPAs
The country’s solar sector offers the lowest average prices for corporate power purchase agreements on the continent, according to BloombergNEF.
Vietnam finally unveils new FITs for large-scale, rooftop, floating PV
Hanoi has set new feed-in tariff rates for utility-scale, rooftop and floating PV projects, ending a long period of policy uncertainty. The government has announced the new rates, which are broadly in line with industry expectations, roughly 10 months after the expiration of its old tariffs.
Covid-19 daily bulletin: Indian installations to be delayed by outbreak
pv magazine rounds up the latest Covid-19-related stories likely to affect the world of solar and energy storage.
Shunfeng posts $265.2m loss in 2019
The Chinese group’s loss widened significantly from the preceding 12-month period, despite posting a 5.4% year-on-year jump in revenue to RMB1.7 billion ($242.2 million).
Seychelles to host 5.8 MW of floating PV
French developer Qair will start building a 5.8 MW floating solar array later this year on a lagoon on the East African nation’s main island. It claims the installation will be the world’s largest floating PV project to be built on saltwater upon completion.
Solar emerging as best bet for West Africa’s future energy mix
The Economic Community of West African States should prioritize the development of solar PV to meet surging energy demand over the next 30 years, according to a newly published study.
South African coal lobby loses court challenge over 2.3 GW of renewables
The country’s top appeals court has dismissed the Coal Transporters Forum’s long-running effort to nullify 2.3 GW of power purchase agreements which financially troubled utility Eskom signed with solar and wind developers in the country’s fourth national tender round years ago.
UN-backed fund to support solar businesses in Burkina Faso
A fund backed by the United Nations and the government of Luxembourg is helping companies to provide small solar PV systems and innovative cooking stoves in the economically challenged West African nation.
Mozambique kicks off minigrid tender
The Mozambican Energy Fund and the Belgian Development Agency have kicked off a tender to facilitate the construction of five solar minigrids to improve rural electricity access in the southern African nation. Prospective developers have until the end of the month to express interest.
Daqo shrugs off Covid-19 fears with positive outlook for 2020
The Chinese polysilicon giant’s net income fell nearly 23% year on year to $29.5 million in fiscal 2019, even though it posted a 16% year-on-year jump in revenue to $350 million. It expects its polysilicon output to soar in the year ahead, despite the threat posed by the coronavirus outbreak.
