Carbon Tracker has released a report claiming it is cheaper, in many markets, to construct new renewable generation assets instead of running legacy coal-fired power plants. Billions could be saved for customers, while profits in the two-digit billion-dollar range look set to be lost by the coal industry.
That would mean a market increase of around 25% on this year. Demand is predicted to become particularly strong in the second half of the year.
The vast majority of the newly reported capacity was small and medium-sized PV rooftops. For ground-mounts, as in September, there was little volume. By the end of October, the government’s annual target of 2.5 GW of new capacity was almost reached. Solar FITs will fall another 1% in December.
With a new decree, the Indonesian Ministry of Energy and Mineral Resources has enabled the owners of residential, commercial and industrial rooftop PV systems to sell excess power to the grid. The government hopes the new provisions will result in around 1 GW of deployed PV capacity over the next three years. Doubts, however, have been raised about the attractiveness of the scheme.
The French industrial equipment manufacturer expects to almost double turnover in solar by 2023. The company supplies materials for ingot production as well as providing electrical protection solutions such as fuses, fuse holders, heatsinks, wire management, disconnect switches, laminated busbars and surge protective devices.
The 1 MW array – to be expanded to 5 MW – is being tested before official commissioning. The plant is at the Sobradinho dam, a 175 MW hydroelectric facility on the São Francisco River, in the state of Bahia.
The European Bank for Reconstruction and Development (EBRD) and Joachim Goldbeck Holding GmbH have joined forces for the construction of a 100 MW in the Karaganda region of Kazakhstan.
Solar PV, battery storage and artificial intelligence systems are at the core of a new utility model presented yesterday in London. pv magazine attended the launch event.
The capacity comprises three 40 MW sites. These PV plants are the last of seven that Enel was awarded in Spain’s third renewable energy auction, in mid-2017. Meanwhile, BayWa r.e. is close to finishing its 175 MW grid parity project in southern Spain, outside of any auctions and FIT schemes.
Up to 16 developers have prequalified in Tunisia’s tender for five PV projects totaling 500 MW, from a total of 38 participants. Unlike previous tenders, this one has attracted key international players including Enel, Engie, EDF, Fotowatio, TBEA and Canadian Solar.
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