India: TANGEDCO to sign 1.5 GW PPAs at INR 3.47 (~$0.054)/kWh
After its 1.5 GW tender stirred unprecedented interest among developers attracting technical bids of 3.7 GW, the Tamil Nadu utility is now set to sign PPAs at the rate of INR 3.47 (~$0.054)/kWh for a period of 25 years.
Chad’s first large-scale PV project receives financial support from AfDB
The 32 MW Starsol Solar PV plant will be the first independent power producer project to be connected to the national grid.
Brasil’s Senate approves resolution to give $750 million to renewable energies
The funds will be used for the country’s renewable energy program and will be provided by the Brazilian Development Bank (BNDES) and the Inter-American Development Bank (IDB).
India: new 200 MW tender issued at Pavagada solar park
Tender adds to previous 250 MW of solar power that was retendered at the Pavagada solar park in Karnataka by the NTPC.
Spain’s INYPSA to work with Yingli on Latin America solar projects
The engineering firm has signed a partnership agreement to collaborate with China’s Yingli Green Energy on the construction and connection of several PV projects in Chile, Colombia and El Salvador.
Spain’s grid-connected PV capacity reaches 4.72 GW
According to the Spanish grid operator REE, grid-connected installed PV capacity had reached 4,674 MW at the end of last year. Furthermore, the country has another 55 MW of installed PV power coming in the form of standalone PV systems.
US Department of Energy backs solar with further $46.2m for SunShot Initiative
The funding is for 48 identified solar projects spanning two SunShot programs designed to advance solar power technologies in the U.S.
SolarWorld Americas receives $6m cash lifeline
The U.S. arm of the troubled solar power company can expect to receive a $6 million infusion of cash from its lenders, which have also permitted the sale of non-operational assets.
Algeria’s 4 GW solar tender delayed, again
The country’s new minister for renewable energy said that a special committee for the tender will be now established, and that the results of the review will be published together with her new action plan for renewables.
EU greenlights Hungary’s incentive program for renewables
The European Commission said the support scheme is in line with its 2014 Guidelines on State Aid for Environmental Protection and Energy.
