A consortium led by Jinko Power and Korea Electric Power Corp., as well as another group led by Japanese conglomerate Marubeni and French energy group Total, have submitted bids for Qatar’s 700 MW solar tender. The final results will be announced in September.
A consortium led by Metito Utilities, JinkoPower and Al Jomaih Energy and Water has won a tender to build a 45-55 MW grid-tied solar plant with a bid of $0.0749/kWh — the lowest ever seen in Bangladesh.
Railway operators can now feasibly connect solar plants to traction substations, claims a consortium that is now working on a similar demonstration project in the U.K. Almost all of the 30 kW installation’s output will be used to move trains, but in the future storage could come into the picture for larger “railway-connected” solar power projects, says 10:10, the U.K.-based climate change charity that developed the pilot.
According to a new report by BNP Paribas Asset Management, renewables offer more advantages than simply mitigating climate change. Electricity is easier to transport than oil, and wind and solar electricity prices are much more stable than volatile oil prices. An analyst from the French bank argues that major producers will need to reduce oil prices below $20 to compete with clean energy in the transport sector.
The €29.7 million financing package was awarded by Banco Sabadell. Renovalia’s 79.2 MW solar park will be Spain’s first PV facility to sell all of its output on the spot market.
U.K. solar developer Lightsource BP plans to host a community information event in the town of Mannum, South Australia, to outline a proposal to fund, build and operate a 100 MW solar project.
ReNu Energy signed an agreement last week for the sale of its Australian solar assets to CleanPeak Energy, a commercial rooftop solar startup.
The global power and renewable energy market is expected to remain largely unaffected by the Trump administration’s new wave of tariffs on Chinese goods. Although shipments of Chinese modules into the U.S. market are falling, Chinese manufacturers sent more panels to overseas markets in the first half of this year than they did in the same period of 2018. Analysts from Fitch, meanwhile, claim the U.S. solar market will continue to expand, despite higher project costs.
The winning developer will be able to use solar modules and cells of any origin for the plant, which will be built in Auraiya district, in the Indian state of Uttar Pradesh. Bidding closes on Sept. 5.
The pitfalls of riding the ‘solar coaster,’ with boom-and-bust cycles dictated by government policies, are well known. Given this, it should come as little surprise that subsidy-free PV in Europe is a theme for which there is a particular appetite. The Future PV Roundtable and The smarter E Europe 2019 event tackled this theme. The first part of the event focused on the utility scale, and the following are some of the key takeaways.
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