The La Poste Group wants one or more green corporate PPAs, to be procured through a tender. The postal service wants to hedge against volatile energy prices.
The project developer trumpeted its return to the black in the second quarter and appears set to secure an $11 million cash injection from its main shareholder. It needs the cash to help settle a near-$29 million debt due for repayment in March.
The Australian Energy Market Operator constrained the output of several large-scale solar plants by 50% on Friday, in response to voltage fluctuations in a 220 kV network spanning the states of Victoria and New South Wales.
With India’s power minister hinting that a new renewable energy tariff policy could be in the works, the federal agency responsible for solar has started boasting about the volume of clean power it has in the pipeline.
A memorandum of understanding signed by the institutions was not solar specific but the use of PV modules for shading, especially in agriculture, can reduce water consumption and help halt the expansion of deserts.
Funding for the rebate scheme had already been increased in April. Overall, the budget for this year now amounts to almost $125 million.
EuPD Research has calculated what needs to be done to replace the nuclear and coal generation to be phased out in Germany. Accelerated expansion of PV appears the best short-term option. However, storage capacity will need to increase 30-fold by 2040 so solar can become the main pillar of the country’s energy system.
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