Finance

Unlike similar auctions in France and Germany recently, in which only PV projects were selected, in Poland all the contracted power went to wind. The exercise drew prices from $41.98/MWh to $57.73/MWh, for an average $52.19/MWh.

Federal Labor leader Bill Shorten announced the party’s ‘all of the above’ plan for Australia’s energy sector. A ramped-up National Energy Guarantee, project auctions under a CfD structure, grid infrastructure investment, energy efficiency and a boost to battery storage all feature.

Only three bidders have come forward for huge manufacturing-linked solar and solar-wind hybrid procurement exercises. The separate auctions – originally intended to drive 12.5 GW of new generation and 5 GW of manufacturing capacity – prompted figures of just 3.05 GW and 600 MW, respectively.

The Spanish government’s zeal in reducing electricity market prices can hit investment in renewable projects, which need stability. pv magazine interviewed Antonio Delgado Rigal, a doctor in artificial intelligence and founding Partner and CEO of AleaSoft, to discuss market equilibrium, the impact on electricity prices of the measures applied and announced by the government, and the appropriate transformation of the energy model.

The subsidy for solar schemes approved between 2012 and 2014, and that will be not completed by March, may be reduced to ¥21/kWh. The proposal is expected to affect projects with a combined capacity of more than 20 GW.

Around US$1 billion is expected to be raised in the sale of up to 30% of Sterling & Wilson’s solar engineering arm. The funds will come from a pre-listing stake sale followed by an initial public offering (IPO), and will be used to reduce the debt of the 153-year-old conglomerate.

The Spanish developer is expected to increase capital between 38.5% and 40.7%. The price range has been set between €8.0 and €10.3 per share. The raised funds will be invested mainly in the execution of the contracted portfolio of projects totaling 510 MW, in the acquisition of 13 MW of operating assets in Spain and in the development of its additional portfolio of projects totaling 2.9 GW.

In its new strategic plan for the period 2019-2021, the Italian power utility announced it will invest an additional €10.6 billion in renewable energy projects. It aims to strenghten its position in the markets where it has an integrated presence such as Italy, Spain, Chile and Brazil.

The seventh round of funding under the Abu Dhabi Fund for Development program takes to US$350 million the amount pumped into clean energy as part of state-run energy transition strategies in the developing world.

Using a blockchain-based energy trading system, the company seeks to examine ways to bill customers in the best manner for them and prosumers. In light of the potential removal of export tariffs for small scale solar in the UK, the system could provide alternative remuneration for system owners. The trial will run for six months, with the possibility of extending it to two years.