Larsen & Toubro is set to work on the 1.5 GW Sudair plant – the largest solar project in Saudi Arabia to have a signed power purchase agreement in place. Upon completion, it will also be one of the biggest PV installations in the world.
A new study from the Lappeenranta University of Technology predicts solar may even achieve a 69% share for total primary energy supply by the end of the first half of the century. In terms of price, solar PV is expected to achieve a capex of €246/kW-installed for utility scale projects, and of €537/kW for residential arrays by 2050. The levelized cost of energy (LCOE), however, is expected to remain constant over the next three decades, as the energy transition will also be implemented with storage technologies, increased flexibility and the production of synthetic fuels.
A new ruling in Indiana could extend payback periods to as long as 25 years and effectively dry up new business in the southwestern part of the US state, according to one installer.
The solar-plus-storage facility will reduce heavy fuel oil consumption by 13.1 million liters per year.
The contest is over. Faster, cheaper, more flexible than gas turbines – battery energy storage must be the future peaking energy service provider of choice, according to a new paper by Australia’s Clean Energy Council.
Scientists have found that a human hair derivative can protect, stabilize and enhance the performance of perovskite solar cells.
Something is brewing in the financial world. “Sustainable finance” and the growth of ESG funds have been taking the market by storm in recent years. Since most major PV projects end up needing investors from the capital market, it is only a matter of time before they will have to adapt. The beginning of March 2021 saw a milestone reached in this process.
A homegrown technology developed by the University of Newcastle and Southern Green Gas has seen the development of a novel green hydrogen fuel and carbon-neutral green methane. The fuel was demonstrated in Hyundai’s Nexo hydrogen fuel cell SUV in Sydney.
The record low price was offered for the 600 MW Al Shuaiba PV IP project, which competed in the second round of the country’s procurement scheme for renewable energies.
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