Installations

David Riester of Lacuna Sustainable Investments, looks at how, on the journey from concept to monetized power plant, renewables and energy storage projects tend to get tugged toward ‘zero’ margin, from either direction. The further the rubber band is stretched, the stronger the pull back toward zero.

A new analysis by the Clean Energy Council reveals a dramatic fall in the number of large-scale renewable energy projects committed in the second quarter of 2020, with just three projects representing 410 MW of new capacity reaching financial close – the lowest level since 2017.

Harsh Goenka, from solar forecasting company Solargis analyzes the results of the nation’s first clean energy tender for pv magazine after the procurement exercise secured an average solar electricity price of €72.92/MWh.

The call is part of a government action plan for achieving net zero emissions by 2050.

The project, on the Tengeh reservoir, will sell power to the city state’s Public Utilities Board under a 25-year power purchase agreement.

With the government having already introduced measures which will reduce the volume of renewables in the national energy mix, further new provisions will restrict the deployment of energy storage and the ability of solar energy generators to sell excess power to nearby consumers.

An Ernst & Young report has found power and utility deals fell off markedly in the Americas during the first half of the year because of the Covid-19 pandemic but commitment to clean energy investment appeared to remain strong.

Liander said its new plan may result in savings ranging from €1.4 billion to €1.8 billion. Possible losses for PV power producers are estimated at a maximum of 3% of their electricity production per year. If implemented, this new measure would push PV project developers to rely on underdimensioned inverters.

Bids are invited to install solar power generating systems ranging from 2 MW to 10 MW at various locations in Maharashtra. Bidding closes on September 25.

The facility was built with 140 heterojunction solar panels mounted on pontoon-type floats. The project is located at the site of the 320 MW Nizhne-Bureyskaya hydropower plant, owned and operated by Rushydro in the Russian Far East’s Amur region.