China’s nuclear operator to develop 1 GW solar field
China General Nuclear Power Group is reportedly preparing to invest almost $2.5 billion into a huge solar project – plus 2 GW of wind turbines – in the autonomous province of Inner Mongolia. Local authorities say the massive project will be complete in 2021.
A new converter topology for hybrid wind-solar
A researcher has proposed a new approach to apply maximum power point tracking techniques to optimize electricity production in wind-solar power projects. The permanent magnetic synchronous generator hybrid model used in the study is based on a multi-input rectifier stage which is said to be able to eradicate current harmonics and eliminate the need for extra input filters.
Calculate the cost of PV system with free online tool
The PVP4Grid project, involving 12 European organizations, wants to increase solar self-consumption system deployment. The project has launched an online tool to enable homeowners to calculate the cost of PV.
Côte d’Ivoire gets World Bank support for 60 MW of solar
The African country has joined the World Bank’s Scaling Solar Program. Two PV plants will be located in Touba and Laboa, in the northeast of the country.
Mirova raises €857m in Eurofideme 4 funding round for renewables
The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.
Spain’s ACS group may sell renewable energy unit
A source close to the company has told pv magazine although there are investment funds and utilities interested in buying the renewables business, an IPO for the entity has not been excluded.
EU to help anchor lower price for floating solar power
The Fresher project, funded by the EU’s European Maritime and Fishery Fund, aims to develop better and cheaper mooring and anchoring systems for floating solar. The initiative is backed by Portugal utility EDP, which has recently begun to install floating projects.
Bangladeshi government will renegotiate solar tariffs for projects which miss deadlines
Officials in Dhaka frustrated by the lack of progress on several PV projects have decided to punish tardy developers by setting new power prices which reflect the falling costs of solar project development.
Angola’s solar plans boosted by Italian oil giant Eni
The Italian oil and gas provider has signed a concession agreement with the government of the African oil country to build a 50 MW solar plant. The project is expected to be in the province of Namibe and will be part of the nation’s plan to deploy 600 MW of solar by 2022.
Canadian Solar sees turnover and profits retreat
The Chinese-Canadian manufacturer reported a 1% decrease in sales in the third quarter, with net profit falling 19%, to US$55.2 million. Quarterly shipments were up significantly year on year, from 1.59 GW in July-to-September last year to 2,387 MW this time around. The company expects to ship up to 8.5 GW of panels and achieve turnover of up to US$3.16 billion this year.
