Utility Scale PV

Dutch renewables company Photon Energy is teaming up with Australian technology provider and project developer RayGen Resources to develop a facility that will deliver 300 MW of solar generation and 3.6 GWh of energy storage. The technology used is claimed to have an LCOE of less than $0.072/kWh.

Lazard’s newly released Levelized Cost of Energy Analysis 15.0 and Storage 7.0 reports that solar and wind are the most competitive electricity sources in the US energy market. According to the investment bank’s 2021 study, gas combined cycle has the lowest LCOE of $0.045-$0.074/kWh among the conventional sources and that of coal and nuclear is $0.065-$0.152/kWh and $0.131-$0.204/kWh, respectively.

The Spanish company recorded more than half of its year-to-date revenue in the last quarter alone – and secured a 700 MW solar project capacity order in the U.S. in September – but still shed €100,000 in the last three-month window as its nine-month net losses hit €20 million.

The Euro trade body has promised to monitor the developing solar jobs market annually from now on, and pointed to Poland’s position at the top of the tree of EU member states for PV jobs last year as evidence the technology can still benefit from legislative backing.

The horizontal single-axis tracker has the typical size of 195×2.5m and its tracking range is 55 degrees. The new product is an evolution of the company’s two-in-portrait solution and was conceived to meet the increasing demand for one-in-portrait trackers.

The French energy company blamed interconnection costs along with global supply chain and production issues, and tariff and trade disputes.

Developers have until Dec. 6 to bid to set up a cumulative 1.2 GW of wind-solar hybrid capacity on a build-own-operate basis, anywhere in India.

London-based – and apparently Moby Dick-inspired – Queequeg Renewables has revealed plans for a slew of solar projects and a string of battery plants which will provide grid balancing services.

The operation is part of the Portuguese utility’s plan to deploy another 13 GW of renewable energy capacity by 2025.

The funds should be allocated through multilateral and bilateral grants, concessional loans, guarantees and private investments. A task force will now seek to identify initial sources of financing for the electricity and coal mining sectors, as well as financing options for the development of electromobility and green hydrogen.