With pressure mounting on the world’s governments to turn their back on the fossil fuel, China and peers in South East Asia, Europe and South Asia could help deliver a coal-free future at the COP26 climate summit planned in Glasgow in November.
State-owned China Xinhua Power Development has booked a $53 million discount on seven solar farms as developer Kongsun seeks to pay down debts, and Canadian Solar has landed a 45 MWh energy storage contract in Colombia.
Project selected in the auctions will be granted a 15-year PPA and will have to begin delivering power in December 2022.
An group of international scientists has developed a mathematical model to design hybrid renewable energy systems relying on pumped hydro storage for islands. According to their analysis, which was applied to the Ometepe island in Nicaragua, a similar system could provide a cost of energy ranging from €0.047/kWh to €0.095/kWh.
The obligation will be applied annually from 2022. Colombian power utilities will have to procure the clean energy concerned under long-term contracts lasting at least a decade.
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.
Scientists in Spain and Colombia took a closer look at the degradation mechanisms affecting perovskite solar cells, and developed a new, high throughput method to characterize their performance in an outdoor setting. The group evaluated the method through outdoor testing on perovskite modules manufactured in a lab. it expects its findings to offer easier device characterization and better understanding of the degradation mechanisms affecting perovskite solar cells, both important factors in the technology’s development.
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