Markets

Germany registers 377 MW of new PV in October

Newly installed PV capacity hit 3.33 GW in the first 10 months of this year. Feed-in tariffs will drop in December by another 1% and the 52 GW subsidy cap looms, but for the first time, FITs for all project types are now below the €0.10/kWh mark.

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Greece aims to install 5 GW of PV by 2030

Greece has published a document that lays a path for national energy and climate policy over the next decade, while outlining plans to facilitate significant PV development through 2030.

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ADB to provide $451 million to strengthen grid in southern India

The funds will be used to build an extra-high-voltage transmission link to transmit 9 GW of capacity, including 6 GW of renewables, to the Chennai–Kanyakumari Industrial Corridor by 2025.

Australia’s 1414 Degrees to supply abandoned Aurora CSP site with PV, thermal storage

Adelaide-based storage specialist 1414 Degrees has announced plans to acquire SolarReserve Australia II, which owns the Aurora Solar Energy Project in South Australia and two other PV projects in the state of New South Wales. The company wants to use the Aurora site to build a massive 400 MW solar farm with several thousand megawatt-hours of thermal storage capacity.

Ofgem’s plan for network charges triggers renewables sector backlash

Ofgem passed its long-awaited, controversial plan for network charges last week, despite earlier warnings against the move. The UK electricity market regulator’s Targeted Charging Review has provoked a backlash in the renewables sector, as many believe that the plan will damage the economics of distributed energy resources and unsubsidized onshore wind and solar development.

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300 MW of new solar for China’s 800 kV UHV transmission project

JinkoSolar has announced that it will supply 300 MW of its Tiger solar panels for what it describes as an ultra-high voltage demonstration plant in China’s Qinghai’s province. The project will be connected to an ultra-high voltage power line that State Grid Corp. of China is building to connect the far northwestern part of the country to the more heavily populated eastern provinces.

PV investment confidence continues to slide in Australia

A new survey by the Melbourne-based Clean Energy Council shows that confidence in new clean energy investment has continued to weaken over the past six months. While a majority of Australian industry representatives expect to hire more people over the next 12 months, the biggest challenges to developing new projects remain unchanged, with the grid connection process, technical requirements, and policy uncertainty at the top of their list of concerns.

Goa to extend solar PPA with NTPC by 3 more years

The government of Goa, now reeling under severe electricity shortages, has decided to extend its solar power purchase agreement with NTPC Vidyut Vyapar Nigam by three years, following a complete lack of interest in the Indian state’s recent solar tenders.

AXA ramps up pressure on corporate Europe with plans to phase out coal exposure

The French insurance group has revealed plans to phase out its exposure to coal by 2030 in the European Union and the countries of the Organization for Economic Co-operation and Development, and by 2040 in other parts of the world.

Asian Development Bank hails Bangladesh’s floating PV potential

A delegation from the Asian Development Bank recently paid a visit to the South Asian country to assess the prospects of floating PV in a nation that suffers from a general lack of land upon which to develop new renewable energy projects.

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