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.
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 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.
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.
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.
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.
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.
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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