Renewables generation cheaper than coal for many power companies – but not yet for Eskom
An investor tool examining the coal fleets of major global power companies has offered up analysis which flies in the face of arguments solar and wind generation could help turn around the debt-saddled South African utility.
Portuguese 1.4 GW solar tender with €0.045/kWh ceiling receives 10 GW of applications
Despite a demanding ceiling price of €45/MWh the tender has received applications for projects with seven times the generation capacity it will allocate.
China auction allocates subsidies for 22.7 GW of solar with lowest bid of $0.0407/kWh
China’s National Energy Administration has given the greenlight to 3,921 ground-mounted and distributed generation projects. The approved energy price bids ranged from $0.0407 to $0.080, depending on system size, for an average price of $0.048.
Toyota shows off solar Prius with 860 W output from 34% efficient cells
The car will be road tested at Toyota City in Japan. Solar charging technology for the vehicle will then be further optimized before the vehicle goes on sale.
The United States is headed for a battery breakthrough
A new report by the Energy Information Administration projects U.S. installed battery storage capacity will reach 2.5 GW by 2023. Florida and New York are set to pave the way as massive projects in each state will account for almost half the coming capacity.
Shell, Sumitomo invest in LO3 Energy to develop blockchain-based community microgrids
Two corporate heavyweights have announced investments in the New York-based developer and operator of peer-to-peer energy platforms. The funding will allow LO3 to scale its blockchain-based community energy networks worldwide.
Global renewables investment fell in the first half of this year
While Spain, Sweden, Ukraine and Brazil attracted more funds than last year, China’s transition to an auction-based procurement system and slow performance overall in Europe saw worldwide backing decrease. BloombergNEF does expect investments to ramp up in the second half, however.
Colombia to award longer PPAs in renewables auction
Already postponed from June to September 30, the procurement will now be held by the end of October. The exercise will be open to new renewables projects with more than 5 MW of generation capacity. Selected developers will be awarded 15-year energy deals rather than the 12-year arrangements offered in February’s abortive attempt.
India added 1,836 MW of rooftop solar in last fiscal year
Maharashtra, Rajasthan, Gujarat, Karnataka and Tamil Nadu were the top five states by annual installation, accounting for 60% of the new capacity.
Morocco opens 230 MW solar tender
The Moroccan agency for sustainable energy is pre-qualifying developers for the Noor Midelt II project, a solar complex incorporating CSP and PV elements.
