Solaredge records pandemic progress despite tough final quarter
Full-year revenues nudged up despite tough comparisons with the end of 2019 for the final quarter of last year. The inverter maker expects to log revenues of $385-405 million in the current three-month window.
LCOE of off-grid solar-plus-storage in Russia’s remote areas ranges between $0.19 and $0.29/kWh
Off-grid PV has become a much more viable solution than diesel power generators to bring electricity to Russia’s remotest regions. Furthermore, solar-plus-storage is able to deliver with no interruption 24 hours per day and seven days per week, while fuel availability means diesel power can only ensure between four and seven hours per day.
Green hydrogen production via 20 MW electrolyzer at Italian oil refinery
A refinery of Italian oil product provider Saras will host a large scale electrolyzer that will produce hydrogen to be used as a raw material in the refinery itself. The green energy production will be set up by Italian energy company Enel.
Solar, storage to take over from Australian uranium mine
The Ranger Uranium Mine ceased production in Australia’s Kakadu National Park in January, following years of financial losses. Now, as part of a multimillion dollar rejuvenation of the park, there are plans to develop a solar and battery storage hybrid project near the town of Jabiru.
Renewables targets falling by the wayside, according to African solar survey
An overview of the state of solar across the continent by trade body the Africa Solar Industry Association has highlighted a patchy policy landscape where clean power ambitions are often not followed through.
A2A buys 173 MW of grid-parity solar in Italy
The Italian energy provider agreed to buy 17 unsubsidized solar plants from U.K.-based Octopus Renewables for €205 million.
Belgium’s Flanders region unveils compensation scheme for PV systems affected by smart meter disruption
The draft regulation has now been sent to the country’s Council of State for review. If approved, the new rules will grant prosumers the right to ask to postpone the installation of a smart meter until 2025. Furthermore, the Flemish government said it will also compensate PV system owners with a sum that should ensure a reasonable investment return of 5%.
Austria allocates 332 MW of PV under 2020 rebate scheme
The Austrian government had devoted €50 million to the scheme for last year. These funds will enable the deployment of 15,957 PV systems.
First Solar sells 900 MW of PV in US market
First Solar has sold off U.S. solar projects, including 200 MW scheduled to go into service in June, as well as 700 MW of capacity in early-stage development.
Australian renewables buck wholesale electricity price trend
There is normally a spike in average wholesale electricity prices in Australia in January. This year, however, increased solar PV and wind generation have bucked this traditional trend.
