Serbia’s first renewables auction draws lowest solar bid of €0.08865/kWh
The lowest solar bid in Serbia’s inaugural renewable energy auction was €0.08865 ($0.096)/kWh. The exercise is planned to allocate 50 MW of solar and 400 MW of wind power.
Eritrea launches tender for 30 MW solar plant
Eritrea has launched a tender for a 30 MW solar plant, featuring an undisclosed amount of battery storage and a 66 kV transmission line. The project could become the largest PV installation ever constructed in the country.
Novel algorithm to prevent overinvestment in power-to-gas in areas with high PV penetration rates
Scientists in South Korea have created an algorithm that reportedly prevents oversizing of power-to-gas systems located in areas with large shares of solar and renewable energy capacities. The algorithm calculates saturation points for both PV and power-to-gas facilities.
TotalEnergies acquires full stake in Total Eren
TotalEnergies has increased its stake in Total Eren from 30% to 100%, a transaction that values the independent power producer at €3.5 billion ($3.8 billion).
India’s H1 solar additions hit 3.6 GW
India installed 3.6 GW of solar capacity in the first half of 2023, down 53% year on year, due to project extensions for numerous large-scale initiatives.
Floating PV plant operators may achieve additional revenue through non-evaporated water
A group of researchers from Italy investigated the economic competitiveness of various ground mounted and floating PV systems with regard to cost and performance, taking into consideration revenues due to reduced water evaporations. They found that the use of non-evaporated water at photovoltaic system sites can achieve revenues greater than $3/kW if used for irrigation and higher than $4/kW if sold to generate hydroelectricity.
Pexapark records slight increase in European PPA prices for July
Swiss consultancy Pexapark has reported that solar power purchase agreements (PPAs) were the largest technology segment in July by far, with more than 960 MW of capacity in 15 deals, followed by 175 MW of onshore wind capacity under six PPAs.
Solar module prices continue to fall
Although raw material costs in China are slowly stabilizing again, PV module prices continue to decline, as inventory levels remain very high.
Chinese PV Industry Brief: Astronergy plans 2 GW offshore solar project
Astronergy says it plans to build one of the world’s largest announced offshore PV projects, while Longi says it is expanding its cell capacity in Leshan, Sichuan province.
Liberia plans 15 MW/10 MWh solar-plus-storage project
Liberia Electricity Corp. (LEC) is seeking consultants to develop a 15 MW/10 MWh solar-plus-storage installation at Roberts International Airport near Monrovia, Liberia’s capital city.
