Trina signs 970 MW, 35-plant, multi-nation project contract
The solar manufacturer has landed its biggest engineering, procurement and construction services deal and will work on solar facilities in Europe and Latin America which will come online before 2023.
Canadian Solar secures PPAs for 247 MW in Brazil
With two new deals, Canadian Solar has expanded its pipeline of unsubsidized PV projects in the country to 1.9 GW.
Premature inverter failure – 4.2 GW of capacity will be affected this year, says analyst
U.S.-owned business intelligence firm Wood Mackenzie has attempted to evaluate the market opportunities offered by the repowering of solar projects around the world which feature inverters which are 10 years old – as well as those which will expire ahead of time.
Tender launched for 14.8 MW/40.9 MWh of solar+storage in Ecuador
The Conolophus project, to be built on Santa Cruz Island in Galapagos National Park, will reduce regional diesel consumption.
Global solar capacity may reach 1,448 GW in 2024
SolarPower Europe has predicted the volume of new PV capacity added this year will be 4% less than last year’s figure because of the Covid-19 crisis. At the end of 2019, the world had topped 630 GW of solar. For 2020, around 112 GW of new PV capacity is expected, and in 2021, newly installed capacity could be 149.9 GW if governments support renewables in their coronavirus economic recovery plans.
Colombia streamlines tax incentives for renewables
The procedures to secure income tax deductions, value-added tax exclusions, customs duty exemptions, and accelerated depreciation rates for renewable projects has been shortened to 45 days.
Mexico raises grid fee for renewable projects finalized before energy reforms
The new measure mainly applies to wind power and other renewable energy sources, as most of the country’s solar capacity was deployed after 2014, when the energy reforms were implemented.
Latin America’s largest solar-wind project moves forward
Around 30% of a 571 MW Chilean hybrid facility owned by Irish developer Mainstream Renewable Power has been built. The Condor solar power plant is part of the 1.3 GW Andes Renovables wind-solar complex.
Valmont becomes largest shareholder of Brazilian PV company Solbras
The parent of Italian tracker business Convert has entered the Brazilian solar market with plans for agri-business products and other systems.
Solar costs have fallen 82% since 2010
The levelized cost of energy generated by large scale solar plants is around $0.068/kWh, compared to $0.378 ten years ago and the price fell 13.1% between 2018 and last year alone, according to figures released by the International Renewable Energy Agency.
