The German-headquartered company will finance all 31 MW of PV across 120 locations of local retail giants, Tiendas Soriana.
The organic solar film producers have achieved a new record in efficiency for 40% transparent solar cells, achieving 7.2% in recent lab tests.
Los Angeles Department of Water and Power agrees 25-year PPA for the project, which will be located north of Las Vegas.
The move, finally confirmed today, will reduce the solar feed-in tariff to $0.31 cents per kW for 20 years, beginning on April 1.
The global PV industry will add 100 GW of capacity a year by 2018 say the analysts, with c-Si technology set to dominate the landscape.
The conference began with a series of impassioned presentations on the bullish state of China’s PV market, but urged greater investment in domestic R&D and quality control.
The analysts expect global expenditure on solar PV to increase by 45% on last year, with Latin America leading the way on manufacturing growth.
The concept from Qinous, which delivers 100% renewable energy, is to be unveiled this week at the Energy Storage Conference in Düsseldorf.
The state’s grid operator is preparing for a major boost in renewable energy in 2020, when utilities will have to obtain 33% of their electricity from renewable energy sources.
The company’s new report found that in Germany and Italy, low PV installation prices, a low discount rate and high electricity prices compensate for low irradiation levels to reach grid parity.
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