Fotowatio Renewable Ventures has started building a 5 MW solar-storage hybrid power plant near Dalby, southern Queensland.
The island nation’s first utility scale solar park is set to double in size and have energy storage added, with work due to start this month.
Ruchi Gupta is a research fellow at the University of Geneva’s Institute for Environmental Sciences. She focuses on how flexibility options, such as sector coupling with hydrogen production, can support renewable energy integration and decarbonize a wide range of sectors.
Swedish venture capital fund EQT has launched an offer for the Spanish solar developer at €26.50 per share.
The French government has selected 329 projects in its latest procurement exercise. Average prices were €77.62/ MWh for large power plants (500 kWp to 8 MWp) and €87.23/MWh for projects below 500 kWp.
PV module prices have risen by 15% to 20% over the last four to five months. PV modules account for about 50% to 55% of overall project costs, so such price increases could moderate debt service coverage metrics for developers.
Belgian mechanical engineering group John Cockerill wants to set up its electrolyzer gigafactory for the production of green hydrogen in northeastern France. Galp Energia plans to install a 100-megawatt electrolyzer to power its refinery in Sines, Portugal, with green hydrogen, by 2025.
The solar facility is intended at reducing the country’s dependency on hydropower, especially during drought periods.
The move is intended at helping the solar sector recover from the delays caused by the Covid-19 crisis. The Taiwanese government has also granted a three-month grace period for project completion.
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.
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