El Paso Electric Company (EPE) has signed a PPA for Element Power’s 50 MW Macho Springs photovoltaic plant near Deming, New Mexico.
Unhampered by a massive surge in the output of oil and natural gas, especially in the U.S., renewables will take their place in the sun by 2035, according to the findings of the World Energy Outlook 2012. Overall, solar power is expected to grow more rapidly than any other renewable technology. Subsidies will continue to play a key role in development, however.
Lark Energy has received planning permission to build the U.Ks largest photovoltaic plant in Leicestershire. It is expected to be online before the end of next March.
France-based Fonrocheenergie SAS has signed an agreement with Kazakh ZhambylGidroEnergo to install a two GW photovoltaic project in Kazakhstan. Construction is scheduled to begin next year.
Indian solar installations stalled in Q3 2012, however around 1.1 GW of projects are due to be added in the next six months. Meanwhile, the market is eagerly awaiting the Phase II policy announcement, which is expected sometime towards the end of this year. Already draft tariffs have been released.
EDF Energies Nouvelles has commissioned a 115 MWp photovoltaic plant near Nancy in the Meurthe-et-Moselle department of eastern France.
Norway-based Scatec Solar has begun construction on a 75 MW photovoltaic project in South Africa, having signed a final agreement with the countrys Department of Energy.
AES Solar has completed three rounds of debt financing worth over US$750 million for 288 MW of photovoltaic projects in the U.S. and France, and a corporate revolving credit facility.
The Bulgarian Committee on Economic Policy, Energy and Tourism has adopted amendments to Bulgarias Energy Act and Renewable Energy Sources Act, which aim to legitimize “fees for grid access” for renewable energy producers. Approval is expected to be received within the next three weeks.
Gehrlicher Solar AG has almost completed work on a 8.75 MWp photovoltaic project located 220 km north east of Bucharest. It is scheduled for completion in mid-November.
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