Portuguese government confirms world record solar price of $0.01316/kWh
The Portuguese government has revealed some of the preliminary results of the national solar auction which closed on Tuesday. Antonio Delgado Rigal, chief executive of energy forecasting service Aleasoft, said that the 15-year contracts awarded in the auction were the key to understanding the reason of such a low price. This, combined with the rights for land and grid connection guaranteed by the auction, makes attractive bidding at low prices.
South Korea’s largest hybrid solar-wind project
A 133 MW hybrid solar-wind power plant linked to 242 MWh of storage is currently being built in a mountainous area in South Korea. Chinese manufacturer JA Solar has provided the modules for the PV section.
New solar PPA, hybrid PV-wind project in Germany
Statkraft and Naturstrom AG have signed a power purchase agreement for a 50 MW solar array in Bavaria, while BayWa r.e. has announced a new solar-wind hybrid project, with 22 MW of solar capacity.
UK infrastructure investor reports losses on Australian PV assets
In its first-half earnings report, John Laing revealed that it has suffered substantial losses, mainly due to performance issues related to its renewable energy projects.
Covid-19 weekly round-up: Dormant MiaSole claims Covid support in the US as Indian new solar figures slumped
Plus, analyst WoodMac says a fall in the cost of power generation in Japan during the public health crisis will help drive renewables investment and the Indian government has relaxed borrowing rules for its financially crippled electric utilities.
Hanwha Q Cells was biggest winner in Portuguese solar auction
The South Korean solar panel maker secured around 300 MW of the 700 MW awarded in the procurement round. The other winners are reportedly Spanish power company Iberdrola, Italian peer Enel and French-owned developer Tag Energy.
Wider wind-solar complementarity would mean less need for storage
A study from the Lappeenranta University of Technology states a deeper complementarity between solar and wind generation may favor renewables deployment reducing the need for stronger developments in storage technology. Combining solar with wind more widely could also reduce the need for ramping and improve the reliability of energy supply, say the researchers.
Global daily round-up: Israel set to import solar power from Jordan and a hydrogen deal for South Holland
Plus, some 5 GW of solar could be heading to Botswana and Namibia and news of a new automotive fuel cell building in Ulm, Germany.
Five bidders for Ecuador’s solar+storage tender
The Conolophus project is designed to lower diesel consumption on Santa Cruz Island in Galapagos National Park, as well as the adjacent island of Baltra.
Giant solar project announced in DR Congo
President Félix-Antoine Tshisekedi Tshilombo has laid the foundation stone for a vast, 1 GW Kinshasa Solar City photovoltaic project aimed at improving the capital’s power supply.
