Chilean company Cerro Dominador have announced the signing of a $758 million deal to finance the first combined concentrated solar power-PV project in Latin America – a 210 MW scheme in the Atacama desert
The European Bank for Reconstruction and Development (EBRD) has announced it will work alongside the Clean Technology Fund and Asian Development Bank to provide a loan for the construction of a 50 MW solar power plant in Kazakhstan’s central Baikonur region.
Price deflation and technological innovation are helping solar transform the global electricity sector. A new report by IEEFA highlights the latest solar milestones around the world and charts important trends including the rise of floating solar and the corporate PPAs helping the tech giants ‘green’ their energy-hungry data centres.
Several scientist have joined to rebut an Australian article that questions the feasibility of a global energy transition. For this purpose, they have gathered hundreds of studies on energy systems and conclude, that there are neither fundamental technical nor financial barriers to achieve 100% renewable energy supply.
A much heralded report shows solar and wind will lower wholesale prices, but it also shows a coming evolution in the pricing profile of the grid. These shifts in timing, shape, regularity and length will drive energy storage demand.
The Chinese provider of storage and back-up power systems has been awarded the $59.7 million contract to build the facility, which will be located at an industrial area in the Nangarhar province. The tender had been issued in September 2017.
The two solar plants, both located in the region of Orenburg, are scheduled for completion by early 2019.
The Swiss IPP finished its fourth Japanese PV plant located in Japan. Overall, the Swiss company is working on a 190 MW backlog of projects in Japan.