Forecasts for the levelized cost of electricity (LCOE) of solar PV were hotly contested over the past decade, with one trend predominating: All but the most optimistic outlooks were wrong. pv magazine has gathered data to showcase the recent evolution of solar PV energy costs, and the results are stark. Within just a few years, initial projections become outdated, which means that forecasts of solar PV prices are more art than science.
European scientists are designing a new type of redox flow storage system aimed at flexibly balancing power grids in the event of critical conditions. Funded by the EU, the research project is being coordinated by the Landshut University of Applied Sciences and runs until 2023.
Greek conglomerate Gek Terna has unveiled plans to deploy three large-scale floating PV plants at three different water reservoirs. Total investment in the projects is expected to amount to €170 million. Furthermore, the national utility PPC is reportedly planning to deploy another 50 MW and InterPhoton Group is considering to build a 500 MW facility.
The highest bid in Malta’s latest procurement exercise was €0.129/kWh. The Maltese authorities selected eight PV projects, with capacities ranging from 1 MW to 3 MW.
The Western Australian government has called for expressions of interest for its proposed 1.5 GW solar-wind-hydrogen hub at the Okajee Strategic Industrial Area. This week, it said that 65 companies from around the world are interested.
The Covid-19 crisis temporarily paralyzed the business for large scale unsubsidized solar projects across Europe. At the end of the year, however, demand for projects that are financed through electricity purchase agreements regained speed. Pexapark estimates that there is currently 10 GW of renewable energy capacity under signed PPAs in Europe, most of which is for solar power.
In many respects, the past year has been unlike any other. But the innovation and ambition driving the expansion of the solar and energy storage industries is one constant that has remained, Across seven categories, pv magazine’s award winners for 2020 demonstrate high levels of technical expertise, creativity, mass production capabilities, and real market impact from PV and power electronics companies big and small. Following on from the virtual award ceremony held this morning, the winners are….
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