Germany’s solar, wind generation hits high in October
PV and wind power systems generated 15 billion kWh of electricity in Germany in October, with renewables accounting for 44.1% of demand.
NHPC to build 150 MW Solar in India
India’s power generation company National Hydroelectric Power Corporation (NHPC) is presently installing 50 MW of Solar in Tamil Nadu State and is expected to add 200 MW by 2019.
Panasonic posts $1.04 billion profit in H1
Panasonic recorded a net profit of JPY 118.9 billion ($1.04 billion) for the first half of the current fiscal year, from JPY 133.5 billion a year earlier, as sales of its PV systems fell.
Global Environment Facility along with ADB will provide $454 million funding to EESL clean energy projects
Energy Efficiency Services Limited EESL’s projects, under one of the largest funding by Global Environment Facility (GEF) to date, will mitigate 60 million tons of CO2 emissions. UN Environment’s ‘District Energy in Cities’ initiative already identified $600 million of energy efficiency projects across five cities in India.
Tennet, Sonnen start blockchain project for grid stabilization
The pilot phase will be implemented during a six-month period. Interconnected residential PV storage systems from Sonnen will be used to stabilize the power grid via blockchain.
Spanish PV could go merchant but market must change
José Donoso, the president of Madrid-based solar association UNEF, recently spoke to pv magazine about Spain’s latest renewable energy auction, under which 3.9 GW of solar was allocated. He also talked about the spot market, private PPAs and the ways in which future auctions can facilitate the further development of large-scale solar.
Malta launches incentive scheme for solar farms larger than 1 MW
With this new scheme, the Maltese government hopes to deploy around 50 MW of PV capacity over the next three years.
Chile’s auction concludes with average price of $32.5/MWh
The Chilean government has allocated approximately 600 MW of renewable energy capacity in the auction.
EBRD to provide financial assistance to International Solar Alliance
International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed the joint financial partnership declaration to support solar energy projects developed under ISA programs.
India has installed 810 MW rooftop solar to date
The Indian government has achieved only 17% of the set targets for the 2017-18 financial year, which is just 2% of the goal of 40 GW grid-connected solar rooftops by 2022. MNRE will soon propose new schemes to improve the sector.
