Markets

The Energy Project Implementation Support Unit (EPISU) will help independent power producers (IPPs) improve the bankability of projects. The new entity is being created with the financial support of the African Development Bank.

The solar plant was built by the local IPP, Meinergy Ghana Ltd in Gomoa Onyaadze, in southern Ghana. The country’s President Nana Addo Dankwa Akufo-Addo said that further IPP projects will be brought online via competitive bidding, and that solar bids will have to be cheaper.

Something interesting is happening in the PV market. We’re not just seeing an emergence of corporate power purchase agreements (cPPAs) in parity geographies – but also compelling innovation in the commercial models which underpin them. Despite the challenges of offtaker risk, contract duration, and assorted other contractual oddities when financing renewable energy projects in this way, leading lenders are just about getting used to the idea of private offtake agreements. But are they ready for other commercial-disrupters like blockchain; ‘power and flexibility agreements’; pooling of medium-sized energy suppliers; and PV-storage hybrid projects?

Renewable energy sources, notably solar and wind, are reaching price and performance parity on and off the grid, shows a report from accountancy firm Deloitte, highlighting seven trends that are driving this transformation.

The decision to tax the ‘service’ provided to solar developers at the full rate comes days after India’s Supreme Court upheld the federal government’s imposition of a 25% safeguarding duty on Chinese and Malaysian panels.

A team led by Switzerland’s Ecole Polytechnique Fédérale Lausanne has developed a low-dimensional perovskite layer it says can be used as a capping layer on perovskite solar cell material, improving stability and water resistance. The team reports a 20% efficient cell incorporating the material.

The market for EVs is experiencing robust uptake worldwide with companies, governments and municipalities implementing policies to drive development. EVN and EVBox announced plans for expansion this week, and the UK government is also pouring investment subsidies into the electric vehicle market.

The World Bank is helping Gambian utility NAWES find a consultant for the nation’s first large-scale scheme, to be developed under the national Electricity Restoration and Modernization Project. The solar plant may have a capacity of up to 20 MW, and could be linked with a storage system.

Head of SolarPower Europe welcomes news of imminent Solarworld sale whilst predicting removal of EU trade barriers on Chinese-made panels will bring dormant market back to life.

The Centrale électrique de l’Ouest guyanais was started by French hydrogen specialist HDF Energy in May. The $90 million plant, expected to generate 50 GWh per year, is being built near Saint-Laurent-du-Maroni in northwestern French Guiana, and will meet the energy needs of the nearby municipality of Mana.