Korea to build world’s largest solar park
President Moon Jae-in yesterday announced plans for a 3 GW project. South Korea plans to add 30 GW of PV by 2030, to improve the country’s hitherto poor renewable energy performance.
Global operational floating PV capacity tops 1.1 GW
The World Bank says floating PV has the potential for 400 GW of capacity – under conservative assumptions. The authors of a World Bank study say adding floating solar to hydropower plants improves their flexibility while increasing energy yields.
Azure Power agrees $0.035 tariff for 300 MW project in India
The developer will supply energy to India’s largest utility under a 25-year PPA and can build the project anywhere in the nation, with construction to finish in early 2021.
Ukraine has 121 MW of solar under net metering
Around the half of this capacity was deployed from April to September, according to new official statistics released by the Ukrainian authorities.
Six takeaways from London’s Energy Live Expo 2018
The government may not fancy solar much, but that won’t stop the sector bouncing back big-time … albeit in two years’ time. Maybe London’s Underground network can help kick-start a desperately needed solar renaissance.
SoftBank and Essel to develop 500 MW solar park in India
A failed association with IL&FS has failed to deter SoftBank from its plan to invest a staggering $1tn in Indian solar by 2030. Now the Japanese funding giant is working with Essel Infraprojects on a 500 MW plant, with further details yet to be revealed.
Ivory Coast announces another 66 MW solar plant
The project is expected to cost approximately 47.2 billion CFA (around $81.5 million), and to have an annual production capacity of 118 GWh.
Naturgy finances Brazilian PV projects through $71.5m bond issuance
The Spanish gas and power provider will use the funds to build the Sertão I Solar and Sobral I Solar projects, with a combined capacity of 68 MW.
Germany added almost 200 MW of new PV capacity in September
The new capacity figure fell on the previous month, mainly because fewer ground-mounted systems went online. The monthly retreat of FIT payments will stay at 1% for the next three months. According to SolarPower Europe, Germany will be by far the largest market in Europe, with 3 GW of new capacity this year.
More subsidy free solar + storage for the UK
Local authority West Sussex County Council has commissioned the 7.4 MW Westhampnett Solar Farm, co-located with a 4.4 MW lithium-ion battery. The project was built without government subsidy, according to the council, and is expected to deliver significant income over its 25-year lifetime.
