Such a decision, which industry body the CPIA is adamant has already been announced, could make all the difference to investors struggling with a surge in equipment costs fueled by the polysilicon shortage. The all-important National Energy Administration, however, has yet to confirm whether the CPIA’s interpretation is correct.
Projects not exceeding 5 MW in size will be entitled to participate in the procurement exercise. Selected developers will be granted a 15-year PPA and will have to start commercial operation on January 1, 2023.
An international research team has designed a residential solar-plus-storage system based on gravity. The system was built with a solar power generator, a bulk booster charge controller, an inverter, a solenoid device, a deep cycle battery, a pulley block, a geared motor, a microcontroller, and wire ropes. Its creators said the system is ideal for regions with high solar radiation. They found that, due to its high electrical requirements, the system needs to rely on high-power solar modules with an output of over 500 W.
Macquarie Asset Management announced a €90 million debt investment on Monday in a portfolio of concentrated solar power plants in southern Spain.
A new project offers a design and validation framework for renewables-based microgrid configurations that deliver electric vehicle fast charging, energy security, and value-added grid services.
The government wants 30% of its power from clean energy sources by 2035 and the 50 MW of solar targeted by the World Bank would make up two-thirds of that ambition.
The Scottish government wants to deploy renewable-powered heat pumps on at least 1 million homes and 50,000 non-domestic buildings by the end of this decade. For this purpose, it has created an advisory group and is now seeking to gather all potential stakeholders.
Utility DEWA has announced the first 300 MW of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park will be commissioned next month, with the first stage of the fourth phase due to arrive two months later.
Called DVP Solar, the newly created company has projects in Spain, France, Germany, Italy, Colombia and Peru, and manages 5 GW of photovoltaic plants in operation. It also has another 2 GW of projects in the initial development phase, and plans another 3 GW for the coming years.
Private equity funds in Ireland and the U.S. have moved for the English company, which developed and sold the first subsidy-free solar farm in England, the 6 MW Clayhill project in Flitwick.
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