The blockchain technology, which was developed by Austrian company, Riddle&Code, is intended to help the Portuguese power provider measure the electricity consumption of each user who owns and operates a solar array installed under net metering.
The Brazilian oil giant has signed a memorandum of understanding with its French strategic ally, Total and its subsidiary, Total Eren to invest in solar and on-shore wind projects in Brazil.
Through the operation, the Brazilian unit of the French energy giant strengthens its position in the local distributed generation segment.
Selected wind and power plants will supply electricity to the Brazilian utility under a 20-year PPA, starting from 2022.
Chief executive of Norwegian developer tells markets his company will deliver on 1.5 GW promise by the end of the year – by including any projects it has broken ground on.
The project was awarded by the Spanish government in an auction held in July. Fenosa plans to finish work on the facility by the end of this year
In the face of actual and threatened tariffs in the US and India, the world’s biggest solar manufacturers may have to set up shop in the protectionist nations in question ahead of a predicted cooling in their home market.
According to data from Brazilian association ABSOLAR, Brazil currently has 27,803 solar PV systems connected to the grid, which benefit 32,924 consumer units and total more than BRL 1.9 billion (around $515 million) in accumulated investments since 2012.
The plant, which consists of a 300 kW solar installation and a 1 MW storage system, was built by local power utility Cemig in partnership with Grupo Algar. The project is located in Uberlândia, in the state of Minas Gerais, which is the Brazilian region with the highest penetration of solar and renewables – and a grid that is in a urgent need of improvement.
The auction is intended to replace the loss of the concessions for four hydropower plants, which represented 30% of the company’s power generation capacity. Selected projects will be granted a 20-year PPA.
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