NextEnergy Solar Fund heralds arrival of subsidy-free UK solar
Amid falling costs across the industry, Guernsey-based investment company NextEnergy Solar Fund is planning to develop four solar plants totaling 59.8 MW without the U.K. government’s financial backing.
Russia allocates 520 MW of PV capacity in 2017 renewable energy auction
The auction was open to solar, wind and hydropower. Projects selected in the tender must be commissioned between 2018 and 2022.
German cabinet issues decree for cross-border wind/solar auctions
Around 300 MW of PV and wind power plants will be selected in the future cross-border auctions, in which German developers will have to deal with competitors from other EU neighbor countries. In the pilot cross-border solar auction held last year, all selected projects were located in Denmark.
Brazil needs to improve grid in Minas Gerais to make space for solar
Brazil’s energy agency EPE has released a new study that recommends the improvement of the transmission system of the northern and north-western areas of the state of Minas Gerais, which is expected to host a considerable portion of the solar projects selected in the country’s auctions held in the past years.
Azure Power commissions 100 MW solar farm in India’s Andhra Pradesh
India’s largest independent solar power company has switched on another large-scale project in the state of Andhra Pradesh.
EDF announces financial close for phase III of Dubai’s 1 GW solar plant
An undisclosed sum was provided by seven different lenders for the 800 MW third phase of the giant solar park.
EBRD and CTF provide $ 44.5 million for solar park in Kazakhstan
The 50 MW Burnoye Solar-2 project will require a total investment of approximately $80 million and will be located in the southern region of Zhambyl.
Cameroon to install more off-grid and grid-connected solar capacity
Bank of China has agreed to lend $123 million for the country’s solar rural electrification program, while its power utility is planning to build three PV plants with a combined capacity of 35 MW.
Germany’s auction for large-scale solar concludes with average price of €0.0566/kWh
The German government selected 32 project proposals with a combined capacity of 201 MW in the auction. For the first time, it was possible to submit proposals for large-scale PV projects on agricultural land in the regions of Bavaria and Baden-Württemberg. This has considerably lowered the biddings.
Helsinki Airport goes solar
A new rooftop PV system will help to lower the airport´s carbon footprint. Finavia plans to reduce the emissions on all of the company’s 21 airports to zero by 2020. The Helsinki airport will meet this goal by this year, expects the Finnish company.
