According to a report published by the Asian Development Bank (ADB), key factors such as the low-regulated price of electricity and uncertainty of the creditworthiness of Vietnam’s state-owned utility EVN are making it difficult to develop bankable solar and RE projects. An improved fiscal energy policy is recommended as the only way to provide the local energy sector with long-term capital and competence in conducting green credit appraisal. Furthermore, the report warns that the current 20-year FIT of US$0.0935/kWh for solar projects is too low.

Walburga Hemetsberger has led the EU Representation Office of Austrian energy company Verbund AG for the past 10 years. At the same time, she was also a board member of Hydrogen Europe, in charge of Energy Transition Solutions.

The Finnish Energy Agency is seeking proposals for annual electricity production totaling 1.4 TWh. Large-scale wind, solar, biomass and wave power projects will be entitled to participate in the auction.

Overall, 5,907 renewable energy projects totaling 5 GW are now under review by the Dutch Ministry of Economy in the second round of the SDE+ program for this year. Solar accounts for 72.8% of the total submitted capacity.

Through the tender, the Algerian Government will select IPP solar projects with a capacity range of 10-50 MW. The projects, to be located in the southwestern part of the country, will be developed on a Build-Own-Operate (BOO) basis. Domestic content rules require the use of solar modules assembled in Algeria, as well as locally manufactured mounting structures and cables.

The Norwegian oil producer has already partnered with Scatec on large-scale PV projects in Brazil and Argentina. The transaction cost $82.4 million.

The money will be used, among other things, to finance the construction of a 50 MW solar plant in Benguela province, in the west of the country.

The agreement will help supply Spanish distribution group Uvesco with 100% renewable energy. The first two PPAs for the huge solar plant were signed by Iberdrola in July and October, respectively.

The project, tendered by the Saudi authorities in February, will be built by a new company which is 70% controlled by the energy giant and 30% by contractor AlGihaz Holding. The plant will sell power to the Saudi Power Procurement Company at $0.0236/kWh.

The battery will be made by assembling 78 second life battery packs from Nissan’s electric Leaf vehicles. The project is expected to help resolve imbalances in the electrical system of the autonomous city and improve quality of supply.