The new A-4 auction will be open to thermoelectric, wind, solar and hydro large-scale power projects, which must be operational from 2022.
According to a report from Italy’s GSE, solar power prices on the Italian wholesale electricity market last year were between 5% and 12% lower than the national reference price.
U.K. investment firm, Arjun Infrastructure Partners is expected to bring strategic support and access to capital to the UAE-based solar developer.
On the back of high solar PV installs, which will smash records this year at just under 100 GW, BNEF’s optimistic demand forecasts place growth at 111 GW in 2018, rising to 121 GW in 2019. It further sees a polysilicon factory boom, with production 10% up on 2017; and module prices dropping to as low as US$0.30/W for market leaders.
Under the new rules, which are expected to come into force in the first quarter of 2018, owners of residential and commercial PV systems will be allowed to sell excess power to the grid under a net metering mechanism.
Although the country’s new national energy independence strategy says wind will represent 65% of its total renewable energy share by 2050, the number of households that self-generate their power (predominantly from solar) is expected to increase from 34,000 in 2020, to 500,000 in 2030.
A report from the Paul Scherrer Institute forecasts a bright future for PV technology in the Alpine country. Solar may even be able to grow by 18 TWh over the next 30 years from just 1 TWh currently.
In the first ten months of 2017, new PV additions totaled 1,465 MW, which is almost the same amount of installed solar capacity installed in the same period of last year.
The 549 MW PV facility will be built by Spanish industrial group ACS on 2,369 hectares of land, spread across the municipalities of Escatrón and Chiprana. The project was selected by the Spanish government in this year’s second renewable energy auction, in which around 3.9 GW of solar power was allocated.
The lowest bid among the selected solar projects was confirmed at US$40.44/MWh. The average price of all the 66 qualified offers for PV was $43.5/MWh.
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