The pv magazine weekly news digest
2017 begins with yet more positive price reduction momentum, while Spain reveals details of its renewables auction and Comtec Solar and Longi agree to asset purchase.
China to invest $361bn in renewables by 2020, says NEA
Country’s National Energy Administration confirms in blueprint document plans to spend 2.5 trillion yuan on developing its solar, wind, hydro and nuclear power sectors, Reuters reports.
Vortex to acquire 365 MW of UK solar from TerraForm Power
Renewable energy investment platform, managed by Egypt’s EFG Hermes, to purchase TerraForm Power’s U.K. solar portfolio for £470 million.
Azure Power connects 150 MW of solar in India’s Punjab state
Project comprises three 50 MW solar plants commissioned with an average weighted tariff of US 8.5 cents/kWh.
Solar on course to become the world’s cheapest source of energy within the next 10 years
The dramatically falling costs of solar energy from the supply chain to the final product could see the average global price of solar power become cheaper than coal within the next 10 years, according to Bloomberg New Energy Finance, which is a position echoed by other experts.
India to install more than 9 GW of solar in 2017, forecasts Mercom Capital
Pace of Indian solar growth to accelerate this year as the nation is set to more than double 2016’s 4 GW capacity; however, headwinds regarding transmission and evacuation issues could slow expansion, Mercom says.
DEWA confirms 200 MW solar project is 80% complete
The record-breaking second phase of the Mohammed bin Rashid Al Maktoum Solar Park is now over 80% complete, with progress going well for the April 2017 completion target, as the park continues to grow with an eventual goal of being 5 GW in size.
2016 was ‘landmark year’ for Scottish renewables, says WWF Scotland
Having reached a series of clean energy milestones in 2016, WWF Scotland and Scottish Renewables are urging Scottish ministers to set a target of 50% renewable energy penetration by 2030.
India tendered 1.7 GW of solar in December, finds Mercom Capital
Data from the analysts reveals that a total of 1,776 MW of new solar capacity was tendered in the final month of 2016, with the Solar Energy Corporation of India responsible for more than 1 GW.
Mexico targets addition of 5.4 GW of PV in next 3 years
PV capacity in the country could be increased 20-fold from the 270 MW currently installed by the end of 2019.
