Avaada Power Pvt Ltd has committed US$1.55 billion to develop solar PV projects in the state of Uttar Pradesh in India.
The South Australian Labor Party has increased its Renewable Energy Target (RET) to 75% by 2025. It also plans to introduce a target of meeting 25% of the state’s peak electricity demand with stored renewables – equating to 750 MW of storage capacity.
The first window to submit project proposals will be opened on March 13. The program is open to, among other renewable energy projects, solar plants over 1 MW and projects ranging in size from 15 kW to 1 MW.
The Canadian Department of Energy has revised its goals to phase out coal powered electricity by 2030. It will increasingly focus on renewable energy (RE) and natural gas. In Alberta alone, an extra 5 GW of solar and wind are expected to be installed.
The National Grid is planning to support the installation and development of ultra-rapid, directly connected EV charging points along the U.K.’s major motorways.
A deal, worth up to US$36 million, has been signed by South Africa’s Inspired Evolution (IE), under which it will invest in Alten RE Developments Africa B.V. Over 600 MW of solar PV projects are set to be developed.
Under the REmap case study for the EU, presented by the International Renewable Energy Agency (IRENA) in its latest report, solar PV and wind power will account for the bulk of capacity additions in the power sector by 2030. The potential identified for solar PV amounts to 270 GW, an 86 GW increase on the business as usual scenario.
Investors throughout the world made 406 investments in large-scale renewables in 2017, collectively valued at roughly €40.1 billion (US$49.5 billion), but solar is set to grow more in terms of capacity than any other clean-energy technology over the next half decade, according to a new report. Battery storage will play a crucial role in this, it found.
Price drop continued in the first round of the 2018 tender series. The final average price of solar bids was €0.0433/kWh, a value which is quite below that of the tenders for wind power.