Solar will power ahead to offer 20% more output for 25% lower module costs within 15 months
PV industry veteran Karl-Heinz Remmers recalls the trajectory of solar power this decade and predicts stronger than expected development for the ten years ahead.
Indian manufacturing-linked solar tender now reportedly oversubscribed
A new series of tweaks by Solar Energy Corp. of India appear to have paid off, as the organization’s ambitious, manufacturing-linked 7 GW solar tender has been oversubscribed by 1 GW.
Power Ledger enables consumer participation in energy markets
Australian startup Power Ledger wants to scale up its offerings for much larger communities, as it has already verified its technologies in projects around the world. The Australian Energy Market Commission last week proposed a similar agenda.
Salt River Project joins big boys of battery storage
The Salt River Project has announced a 250 MW, 1,000 MWh battery project in Little Rainbow Valley, Arizona. The installation will be the largest in the state and among the largest in the United States.
Troubled Indian manufacturing-linked solar tender now reportedly oversubscribed
A series of new amendments by the Solar Energy Corporation of India appear to have paid off, as the organization’s ambitious manufacturing-linked solar tender has reportedly ended up oversubscribed by 1 GW – of the capacity offered as an incentive at least.
China’s nuclear operator to develop 1 GW solar field
China General Nuclear Power Group is reportedly preparing to invest almost $2.5 billion into a huge solar project – plus 2 GW of wind turbines – in the autonomous province of Inner Mongolia. Local authorities say the massive project will be complete in 2021.
British capacity market row continues over £1 billion payment insecurities
The bickering around the British Capacity Market is not over yet. The European Commission has closed its formal investigation into the market mechanism’s alleged violation of EU State Aid rules, finding no violations of that kind. But footing the bill for the year-long suspension of the scheme might prove complicated.
Côte d’Ivoire gets World Bank support for 60 MW of solar
The African country has joined the World Bank’s Scaling Solar Program. Two PV plants will be located in Touba and Laboa, in the northeast of the country.
Mirova raises €857m in Eurofideme 4 funding round for renewables
The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.
Bangladeshi government will renegotiate solar tariffs for projects which miss deadlines
Officials in Dhaka frustrated by the lack of progress on several PV projects have decided to punish tardy developers by setting new power prices which reflect the falling costs of solar project development.
