Argentina

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

The tracker maker claims its product reduces the need for motors.

With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.

The municipal firefighters of Ullum have been working for about an hour-and-a-half to extinguish a fire in the inverters of the Ullum photovoltaic park, owned by Argentinian energy company Genneia.

The power company has announced it will build 500 MW of renewable energy projects to power some of its global facilities under a four-year agreement with Canada’s Algonquin Power & Utilities.

Grenergy was this week due to ship 400,000 face masks to Latin America as European developers today voiced a fear project finance will become increasingly difficult to find as the coronavirus lockdown continues.

Batteries, and the raw materials that make them, are a frequent target of public criticism. The high water consumption required for lithium extraction is speeding up desertification around the salt lakes of Latin America’s “lithium triangle”, for example. The mining debate highlights general problems with the extraction of raw materials including copper, crude oil and lithium but international companies can still influence extraction methods – and there are plenty of different approaches.

A new process is described as a tool to assess the value of deferring, relocating or abandoning PV projects under development in uncertain market conditions. Researchers say the model may help investors reconsider projects which could be prematurely rejected based on traditional analytical approaches.

To have any hope of restricting global heating to a maximum of 1.5 degrees Celsius, the renewables success story which saw 108 GW of solar deployed last year needs to be cranked up to the next level – and fast.

Of the 38 new renewable energy projects that have been awarded, 13 are PV plants, representing 96.75 MW of capacity. The average price for solar was $57.58/MWh, and the minimum was $54.22/MWh.