The bank continues its involvement in Thailands largest IPP B.Grimm, which is set to grow its renewable energy portfolio. According to ADB, the green bond proceeds will go to nine operational solar PV plants with a cumulative rating of 67.7 MW, and 30.8 MW that are currently still under construction.
Politicians take note: “The energy transition is not a question of technical feasibility or economic viability, but one of political will.” Indeed, according to a new study, it is possible to rapidly transition to a Europe 100% powered by renewables and with zero greenhouse gas emissions. Solar PV leads the charge, followed by wind. Overall, eight policy recommendations have been laid out to achieve this bold goal by 2050.
During COP24, U.K. Energy Minister Claire Perry announced that her government will increase its efforts to help bring clean energy to Sub-Saharan Africa. A total of $126 million will be channeled via the REPP platform, which has already realized 18 projects with a considerable number of beneficiaries.
The government regulator for gas and electricity markets in the United Kingdom has released updated guidance clearing up the confusion surrounding the installation of storage at households exporting solar to the grid. More still needs to be done though, argues the Solar Trade Association.
The Indian Government plans to tender 60 GW of solar and 20 GW of wind capacity by March 2020. This would complete the planned auctions for its targets of 100 GW solar and 60 GW wind installations by 2022, leaving two years for project execution, according to an year-end review by the Ministry of New and Renewable Energy (MNRE).
The Clean Energy Council has tallied the numbers underlying Australia’s large scale renewables boom. And big PV is shattering all records, with almost AU$11.5 billion in projects currently being constructed.
Consumer- and municipally-owned energy systems are lauded as key elements of the energy transition. However, their market design in many regions is still prohibitively complex. The European Committee of the Regions has presented a policy recommendation to address these issues, and enable a just and democratic energy transition.
The Indian state is looking to install 1 GW of new solar PV power under a new tender issued. A ceiling tariff of Rs 2.80 (US$0.039) has been set.
According to a report from the Centre on Regulation in Europe (CERRE), lower capital costs for large-scale wind and solar projects, and much higher fossil fuel and carbon prices could lead to renewables becoming self financing by 2025. If these conditions do not materialize, more auctions and tenders may still be needed.
A total of 1.58 GW of new PV systems have been registered with Turkey’s grid administrator in 2018. Of this new capacity, 1.51 GW is in the unlicensed project segment, for arrays up to 1 MW in capacity, while the remaining 63 MW is for larger projects that had been successful in bidding for PEKA auctions.
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