Solar had the largest share in the final procurement round, with PV developers securing 382 of the 390 assigned feed-in tariff (FIT) contracts. Around 35% of the offered contracts are projects in indigenous communities.
France-based oil giant Total has agreed to acquire a 23% stake in French renewable energy group Eren RE for €237.5 million ($282.6 million).
The Government of Colombia has dedicated COP 200 billion ($69 million) to renewable projects, as part of the country’s sustainable development objectives. The projects funded will supply up to 60,000 Colombian’s with electricity, according to the Ministry of Mines and Energy.
A slight variation from last auctioning results which had lowest bidding at INR 2.44/kwh.
In the last four quarters in India 7.5 GW were installed. The total accumulative capacity reached 16.2 Gigawatt, reports Bridge to India. After rapid growth in the last quarters the market will probably slow down somwhat.
The U.K. is still investing in biomass generation, but the authorities should focus on deploying solar and wind to meet the country’s electricity needs in a more cost-effective manner, the Natural Resources Defence Council (NRDC) says in a new report.
The new plan was announced by the government of the small country island at STEEB 2017, its first ever solar event that is currently taking place in Manama.
Global nuclear power generation increased by 1.4%, whereas solar power output grew by 30% and wind by 16% in 2016, with all renewables representing 62% of global power generating capacity additions, finds the 2017 World Nuclear Industry Status Report.
The U.S. government’s premier renewable energy lab has found a 30% fall in utility-scale solar costs year-over-year, leading to levelized costs of electricity competitive with combined cycle gas generation.
South African consultant and PV expert Chris Ahlfeldt has explained to pv magazine how the impasse of the outstanding PPAs of round 3.5 and 4 of the country’s REIPPPP program may affect solar PV less than other renewable energy technologies. The PPAs relate to twelve large-scale solar projects totaling 813 MW selected in round 4.
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