The 40 MW project is part of a 70 MW solar plan launched by local utility, Escom in February to reduce chronic power shortages.
The Saudi energy company submitted the second lowest bid, an LCOE of 0.08872 SAR ($0.0236) per kWh, while the excluded competitor, a consortium led by Japan’s Marubeni, had offered 0.09976 SAR ($0.0266) per kWh.
Pacifico Energy has commenced construction on a 55 MW solar PV plant in Gifu Prefacture, Japan. It is expected to be operational in 2019.
The new tender will be issued as soon as the ongoing tender for 180 MW of solar projects has concluded. The new round will select another 24 large-scale solar projects, and will be open to bidders that failed to qualify for Round 1.
Kyocera posted a net profit of JPY 28,880 million ($261.7 million) in the third quarter of the current Japanese fiscal year, down 16.8% year on year, as the group continued to consolidate its PV manufacturing operations in the face of falling sales in its home market.
Solar Philippines has offered to provide continuous PV-generated electricity to power distributor Manila Electric Co. (Meralco) at a rate of PHP 2.99 ($0.058)/kWh.
The project will consist of a 13 MW solar facility, three 2 MW diesel power generators, and a 5 MWh storage system.
The 25 MW project is being financially supported by the European Union and the AFD with €60 million.
Trina Solar shipped over 9 GW of PV modules in 2017, thus further cementing its leading status in the global solar industry.
New additions for December totaled 157.9 MW. More than half of this capacity comes in the form of ground-mounted solar PV power plants.
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