According to a new study conducted by the Frankfurt Institute for Advanced Studies at the Goethe-University Frankfurt, a mix of solar and wind may be over 10% cheaper than power generation from new coal and nuclear plants in South Africa, even if the cost of renewables and batteries will see no further reduction from today until 2050.
The German solar and wind power plant operator has made its first move into the Dutch solar market.
The new A-4 auction will be open to thermoelectric, wind, solar and hydro large-scale power projects, which must be operational from 2022.
While Curaçao’s power utility Aqualectra seeks developers for a 10-15 MW solar park, Saba Electric Company, the energy provider of the Saba island, is tendering 1 MW of PV capacity combined with storage.
The Turkish EPC contractor is also planning to install rooftop PV systems on several public buildings of the city of Ochakiv, where the solar park may be located.
The large-scale PV project will be built in Malaysia’s Kedah state in the northwest of the country. Tenaga Nasional Berhad was awarded the development rights following a competitive bidding process overseen by the Energy Commission.
On the back of high solar PV installs, which will smash records this year at just under 100 GW, BNEF’s optimistic demand forecasts place growth at 111 GW in 2018, rising to 121 GW in 2019. It further sees a polysilicon factory boom, with production 10% up on 2017; and module prices dropping to as low as US$0.30/W for market leaders.
The Finnish power utility has agreed to acquire three solar facilities, commissioned between 2016 and 2017 and located in Russia, from local solar module maker Hevel.
Trina Solar may scrap planned Indian PV fab amid tumbling prices driven by solar auctions, reports Bloomberg New Energy Finance during its Shanghai summit. Demand for lithium, meanwhile, poised to reach record high on back of expected EV growth.
The 549 MW PV facility will be built by Spanish industrial group ACS on 2,369 hectares of land, spread across the municipalities of Escatrón and Chiprana. The project was selected by the Spanish government in this year’s second renewable energy auction, in which around 3.9 GW of solar power was allocated.
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