Financial struggles of some of India’s distributed electricity companies tempting many to ignore country’s ‘must run’ rules on purchasing solar power in favor of cheaper power on the exchanges, says Mercom Capital.
The German developer of organic PV materials has raised a sizable amount of funding to finance its manufacturing expansion and worldwide market development.
Following three world record low solar bids received for the Sweihan solar project in Abu Dhabi, pv magazine caught up with Massi Vernaleone, leader of the Phelan Tenaga Consortium, to find out more about the record-breaking tender.
The encouraging news that renewables now account for over 30% of global installed power generation capacity was part of a World Energy Council report, which highlighted the success of solar PV and wind energy, and set out recommendations for increased renewable energy penetration.
The large-scale plant will be the biggest project that Indian solar company Rays Power Infra has ever undertaken, and is set to be completed within the first half of 2017.
Further information has arisen from the record breaking solar PV tender that took place in Abu Dhabi yesterday, which saw a bid as low as USD 0.0242 per kWh for a utility-scale project in Sweihan, however, this was not the only record-breaking bid, as three of the six bidders went lower than ever before.
This year’s SPI trade show comes at a time of dynamic growth for the solar industry and an increasing integration of solar into energy management. But not all the news is good.
After a short-lived collaboration, Europe’s two major solar events will be hosted four months apart in 2017, with EU PVSEC opting to travel to Amsterdam for its world leading PV solar energy conference.
A consortium of JinkoSolar and Marubeni put in the bid of 2.42 cent per kWh for a PV plant that was initially set at 350 MW, but pv magazine understands it may be significantly larger.
San Francisco has become the first city in the U.S. to approve such an obligation, which requires all new construction projects to have 30% of their roof space set aside for green roofs and/or solar panels, while one of the Californian citys most iconic buildings also gets a solar makeover.
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