Utility Scale PV

The Sequoia Economic Infrastructure Income Fund has extended a loan to ReneSola Ltd to €36 million for the implementation of 55 MW of solar PV projects in Poland.

The Japanese government is steadily working toward the release of the country’s fifth strategic energy plan, but it needs to work with the private sector more effectively to promote the deployment of solar over the coming decades, according to a new report. 

India saw the issuance of 13 new utility-scale solar PV tenders totaling 11,945 MW in the quarter ending March 31, 2018, which is 68% more than in the entire of 2017. However, tender capacity for rooftop solar PV (greater than 1 MW in size) was down 50%, at 102 MW.

Solaria Energía y Medio Ambiente, S. A. has announced a global solar PV project pipeline of 2.3 GW, 1.3 GW of which will be deployed in Spain. Construction work is set to begin this year.

Genera 2018, held this June 13 to 15 in Madrid, Spain, set the scene for a market that is once again on track to become Europe’s solar leader. This year, reflecting this positive progress, the Spanish renewable energy fair saw the share of solar exhibitors increase over previous years. While this transition year is not expected to record strong solar growth, 2019 could realistically see the installation of 3 GW. Read on to discover the four key takeaways from this year’s event.

Hevel Solar and Fortum won the 148.5 MW worth of solar PV projects awarded in the auction. The Finnish utility, however, proposed a project CAPEX, which was almost half that of the Russian company’s.

GE has finished installing 50 units of its 1.26 MW Brilliance inverters at a 96.2 MW (DC) solar project in southwestern Japan’s Miyazaki prefecture.

Citing the need for ancillary grid services, due to increasing amounts of variable renewable energy assets being installed in the U.K., the two comapnies are stressing the stability this project will bring to the country’s grid.

Global solar PV demand this year will be less than in 2017, on the back of China’s latest policy decision, says TrendForce. Overall, it sees new installs dropping 40% in China to 31.6 GW. The protectionist measures taken by the U.S. will also be weakened by the resulting falling module prices.

The EU Commission, Council and Parliament have been in trialogue negotiations to broker a deal on the revised Renewable Energy Directive (REDII), the first version of which was adopted in 2009. By 3:30am this morning, a deal was finally brokered and legislative processes for official adoption are now just a formality