EDF-led consortium wins Moroccan tender for 800 MW CSP-PV project with price of $0.070/kWh
The grouping, which includes UAE-based Masdar and Moroccan independent power producer Green of Africa, is planning to begin construction this year. The project is among those realized by the Moroccan Agency for Sustainable Energy, as part of the Noor Solar Plan to develop a minimum 2 GW of capacity by next year.
US energy storage market set to almost double this year
The solar-plus-storage combination is super-charging the deployment of batteries across the country and IHS Markit says the U.S. will become the largest market for grid-tied energy storage this year.
Russia’s largest PV plant comes online
The 75 MW project was built by Russian developer Solar Systems LLC in Novokuybyshevsk, in the Samara oblast. The facility was mostly financed by Russian state-owned lender PJSC Sberbank.
Bboxx secures $8 million loan to boost Rwanda operations
The off-grid solar system supplier has received the finance in Rwandan francs to mitigate currency risk and expand operations in its biggest market.
First corporate PPA for large scale solar signed in France
Voltalia has secured a 25-year power purchase agreement from French retailer Boulanger for power generated by a 5 MW project. The off-taker has also committed to buying electricity from new wind and solar plants to be operated by the French developer.
US-China trade war may lead to dumping of Chinese steel into India
The contraction in Chinese trade flows to the U.S. is likely to result in the dumping in India of Far Eastern electronic and electrical components as well as steel, iron, chemicals and plastic products.
China reveals details of first 15 GW of grid parity solar
Some 168 projects will be developed across 16 provinces free from central government subsidy. The fact the average capacity of such projects has tumbled indicates Beijing’s plan to accelerate the arrival of subsidy free solar may be on track.
Belgium: Flemish government grants feed-in premium of €0.078 to megawatt-scale floating project
The electricity produced by the floating array will power the Cable Park aquatic park, with surplus power injected into the grid. The project is part of a series of floating plants the Flemish government has been supporting since October.
Xinyi Energy completes Hong Kong IPO to raise $465 million
The solar plant operations business – spun out of the solar glass manufacturer – reportedly finalized its initial public offering this week. Final confirmation of the proceeds is expected on Monday.
Distributed generation the main driver for solar in Japan and the Philippines
Two reports have concluded rooftop solar may replace PV parks as the main growth driver in the two big Asian markets over the next decade. Support programs for utility scale PV in both countries no longer seem attractive enough.
