Akuo, Amarenco and Voltalia secured the largest amount of capacity in the procurement exercise.
Hydrogen and hydrogen-based fuels will not be able to move forward fast enough to replace fossil fuels and tackle climate change, according to a German-Swiss research team that claims direct electrification alternatives are cheaper and easier to implement. The scientists cite too-high prices, short-term scarcity and long-term uncertainty, as the main reasons for their skepticism.
The selected bidders in a new Indian tender will set up wind-solar hybrid power projects to supply power under 25-year PPAs. Bidding closes on June 8.
French energy company Total is developing the solar field near Samarkand, which will sell power to National Electric Networks of Uzbekistan under a 25-year power purchase agreement.
The near-$80 million handed over to a contractor in 2019, of which around $2.3 million was retained by the recipient, is now being investigated by an independent accountant. Meanwhile, GCL’s shares remain suspended because the payment issue is holding up its 2020 accounts.
Based on the price agreed for the first year of the five-year contract, the total deal would be worth almost $4 billion to the $1 billion company. However, with input costs rising and the state-owned sponsor likely to expect to pay lower fees for subsequent years, the TOPCon manufacturer’s margins may not remain so fat.
Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) is seeking proposals to buy power under 25-year power purchase agreements, while Rising Sun Energy is seeking EPC partners for a 190 MW solar project in the Indian state of Rajasthan.
A well-designed rooftop solar system should last 20 or 30 years, or longer. This guide for choosing the right contractor should help ease your concerns.
Australia and Chile are both granting funds to green hydrogen projects and Denmark is exempting pilot power-to-gas projects from complying with its energy legislation. Furthermore, the Fraunhofer Institute for Applied Polymer Research IAP is working to find solutions for private customers to produce hydrogen.
The Chint Group has also said it was China’s largest PV plant owner at the end of 2020 with more than 5.7 GW in operation.
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