The 11 planned off-grid networks will offer clean power to around 20,000 people for €0.28/kWh, according to one of the EU bodies which is backing the project.
State-owned power generation company China Huadian Corporation has begun work on a 3.3GW solar site in Sichuan province. The project is one of nine renewable energy plants listed in China’s latest national five-year plan.
The Spanish company recorded more than half of its year-to-date revenue in the last quarter alone – and secured a 700 MW solar project capacity order in the U.S. in September – but still shed €100,000 in the last three-month window as its nine-month net losses hit €20 million.
London-based – and apparently Moby Dick-inspired – Queequeg Renewables has revealed plans for a slew of solar projects and a string of battery plants which will provide grid balancing services.
The input costs of the two biggest contributors to solar plant development expense have gone through the roof since the world began to come out of Covid-19 lockdowns, to leave project developers with some difficult choices.
The Chinese inverter company said the dam-hosted 58.5 MW project in northeastern Thailand was connected to the grid this month.
With renewable energy generation said to consume up to 95% less water than fossil-fuel fired power plants, solar could lead the way to a less stressed existence in mid century, according to researchers from Finland’s LUT.
Electricity bill payers in nations as diverse as Germany, Greece, India and China should be aware new solar projects can now generate electricity cheaper for them than legacy coal and gas-fired plants.