Vietnam might maintain FITs for 3 GW of approved large-scale PV projects
The transition from a feed-in tariff scheme to an auction mechanism may take longer than expected in the Southeast Asian country, as the Ministry of Industry and Trade is considering maintaining FITs of $0.0709/kWh to $0.0769/kWh for projects that secured approval before Nov. 23, 2019, if they come online as scheduled by the end of this year. According to law firm Lexcomm Vietnam, there are currently 3 GW of projects with licenses.
Rio Tinto to power Australian iron ore mine with solar PV
Mining giant Rio Tinto has approved the construction of a large-scale solar PV and battery storage system for its Koodaideri mine in Western Australia. When completed, the solar plant will be among Australia’s largest PV installations at a mining site.
Enphase posts strong Q4 and massive 2019
The company is profitable and recording enormous jumps in revenue. All signs point to a strong 2020 for residential solar – which could keep the momentum going.
Ghana’s first bilateral solar PPA
Plastic manufacturer Miniplast will buy electricity from a 704 kW grid-connected solar array owned and operated by Norwegian developer Empower New Energy AS.
German polysilicon maker will cut 1,000 jobs
Wacker Chemie has taken the first steps of its restructuring program with the lay-offs set to particularly affect its German locations. Poor performance by the chemical company’s polysilicon business is the main cause of the crisis.
Spanish bank acquires big stake in solar racking manufacturer
Banco Sabadell has acquired a 41.5% interest in Pamplona-based STI Norland through its Aurica Capita fund.
SolarEdge figures tick all the boxes for investors
Lack of flannel in the latest quarterly and full-year filing indicates the Israeli inverter maker is happy the figures speak for themselves. The company is in an expansionary mode as it enters the energy storage and electrical vehicle markets with cash from its financial warchest.
North Macedonia launches 100 MW solar tender
Utility ESM is seeking potential partners for the construction of two 50 MW solar facilities at its shuttered coal power plant near Kičevo.
German PV tender delivers record low solar power price of €0.0355/kWh
The 100 MW tender was five times oversubscribed and the average final price tariff offered was €0.05 lower than the previous procurement round.
India to add 34 GW of solar through 2024
Consultancy Bridge to India has looked into its crystal ball to predict India will add 10 GW of solar capacity this year and the same next year before deployment slows to 7 GW per year in 2022 and 2023, dogged by hurdles such as an inexplicable ongoing demand for new coal-fired power plants.
