National utility Transpower said that solar could take a 9.3% share of the country’s generation mix by the middle of the century. However, real growth is only forecast to occur from 2035, with distributed generation expected to account for more than 80% of total installed PV.
The clarification came after states across the country reacted to the power ministry’s recent call for a moratorium on conventional power payments by stopping payments and curtailing renewable power.
Greece held its last round of renewable energy tenders in Athens on Thursday, resulting in the lowest tariff ever awarded to a renewable energy project in the country.
The shortlisted developers are EDF, Total, ACWA Power, Masdar, First Solar, Marubeni, and Al Blagha Holding.
In a recent chat with pv magazine, Jason Tundermann – vice president of business development at U.S. trading advisory service LevelTen Energy – predicted a better-than-expected scenario for corporate clean-energy PPAs on the Old Continent. He said the net value of long-term PPA offers has not dropped dramatically, offering hope to corporate buyers.
Yinson will pay Rs 554 million ($7.3 million) for a stake in New Delhi-based Rising Sun Energy, which operates two PV plants in the massive Bhadla Solar Park in the Indian state of Rajasthan.
The Swiss equipment supplier already needed to shore up its bottom line and is now taking measures to help combat the spread of an epidemic which has also claimed November’s planned climate summit in Glasgow and an estimated 19% of this year’s demand for energy storage.
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