Central & South America

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.

The industrial development of the bifacial solar module over the last few years represents one of the most significant events in the world of photovoltaic systems. Today, this technology constitutes one of the most promising trends in the global solar market. During Intersolar South America, Convert will present its bi-facial tracker, an innovative solution to gain more solar energy from the panels.

The analyst has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs.

With a 300 MW pipeline in the country that could potentially double in the near future, the Milanese business says Chile’s carbon-neutral ambition will maintain a strong market for solar.

According to the latest market forecast published by Wood Mackenzie, it seems that global PV installation figures will rise to 125 GW per year from 2020. Continued global capacity expansion will come in through a growing gigawatts-club.

Next up in pv magazine‘s unsung solar markets series is Brazil, where a new series of auctions for solar has provided much needed clarity to the sector, at least up until 2021.

Through the procurement exercise, the Ecuadorian government will select wind, solar and mini hydropower projects. Selected developers will be granted a 25-year PPA, while the sole off-taker of the generated energy will be state-owned utility Corporacion Electrica de Ecuador, S.A. (CELEC).

Although the volume has not been disclosed, selected projects in this new auction will be awarded a 19-year PPA.

Analysts have scrutinized the result of the recent A-4 auction which delivered, in theory, the world’s lowest price for solar electricity from an energy procurement exercise. The two plants in question, however, will sell 70% and 50% of their output outside the power deal signed in the auction.

The Business & Human Rights Resource Centre has published a report looking at the human rights due diligence performance of the renewables industry and examined individual generation methods. The report finds that, while the solar sector is not top of the sad list, its vest also isn’t completely unstained.