Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.
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.
Brazil may see the deployment of 4 GW of new distributed generation solar capacity this year and another 5 GW next year, according to Aldo Pereira Teixeira, the CEO of Brazil’s largest PV product distributor and system integrator. In an interview with pv magazine, he explains why and how this huge growth could materialize.
Portuguese utility EDP has agreed to buy a minority stake of up to 40% in Brazil’s Blue Sol Participações.
Brazil has installed around 3 GW of large-scale solar capacity, in addition to 4 GW in the distributed-generation PV segment.
The Chinese-Canadian company has secured two more deals in the Brazilian deregulated energy market. A 12-year PPA was awarded by BTG bank while a second, 15-year contract was awarded by power provider Furnas Centrais Elétricas.
The finance is being made available through Santander Brasil as part of an $8 billion global response to Covid-19.
A report by Finnish company Wärtsilä has estimated the potential impact if every dollar committed to a non-renewables energy sector recovery was instead funneled to clean power.
The state of São Paulo’s energy supplier is seeking proposals for four floating solar projects, ranging in size from 1 MW to 30 MW.