Solar developers in India must consider a range of risks to secure reasonable returns on solar projects, according to research by the Institute for Energy Economics and Financial Analysis and JMK Research & Analytics.
MIT scientists have suggested used electric vehicle batteries could offer a more viable business case than purpose-built systems for the storage of grid scale solar power in California. Such ‘second life’ EV batteries, may cost only 60% of their original purchase price to deploy and can be effectively aggregated for industrial scale storage even if they have declined to 80% of their original capacity.
The Greek energy regulator said on Wednesday that it wants to tender up to 482 MW of new solar capacity on July 27 for plants up to 20 MW in size.
The municipality of Drammen, Norway, has started testing a seasonal PV storage project that uses boreholes in the ground. The operators of the project are using electricity from PV modules to produce heat via a CO2 heat pump and outdoor air. The heat is produced by the CO2 pump during the spring, summer and fall, in addition to heat produced by solar thermal collectors.
The authorities plan to assign 2.26 GW of renewable energy capacity overall under the scheme, which will include other energy sources such as hydropower, wind, biomass, biogas, and geothermal energy. The government will provide projects it selects with a feed-in price premium, which will be paid for the power generated by the projects, on top of spot market prices.
The Italian government has raised the tax breaks it offers for building renovations and energy-requalification projects – potentially including storage-backed rooftop PV systems – to 110%. The new measure is part of the Relaunch Decree, which is a package of guidelines aimed at reviving the Italian economy in response to the Covid-19 crisis.
Twenty-three renewable-energy operators have resumed testing of their installations, just a few weeks after the Mexican government halted grid connections for new solar and wind power projects, pending further notice. Mexicio’s National Energy Control Center (Cenace) has faced a series of “amparo” lawsuits since the government introduced the new measures against renewables.
The EurActiv portal has published a draft of the European Commission’s reconstruction plan, which includes a tender program for 15 GW of renewable energy projects over the next two years. The tender mechanism is expected to raise €25 billion of investments.
The Indian government plans to set up of a 10 MW grid-connected solar project and a range of unique off-grid applications – including solar trees and solar drinking water kiosks – to meet all the energy requirements of town situated next to a 13th-century Hindu temple.
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