IFC says green recovery could drive $2.5tn renewables market this 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.
Measuring outdoor performance in perovskites
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.
PPA signed for 72 MW of solar in Colombia
Spanish developer Grenergy has secured a PPA from Colombian energy company Celsia for the supply of 120 GWh per year. The electricity will be provided by a solar park that will begin commercial operations in 2022.
Colombia to hold 5 GW renewables auction in Q1 2021
In addition to the auction, scheduled for the first quarter of 2021, the Latin American country is also defining a green hydrogen roadmap in collaboration with Chile.
Colombia’s PV project pipeline reaches 8.8 GW
According to the Mining and Energy Planning Unit (UPME), there are currently 385 projects totaling 15 GW at different stages of development, including 4 biomass, 17 wind, 93 hydro, 271 photovoltaic and 7 thermal.
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.
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.
Flexible, 22.6%-efficient perovskite cells for indoor use
The developers of a perovskite device designed for use under illumination of 100-500 lux say it could be manufactured for $78-108 per square meter.
Colombia’s 9.48 GW solar project pipeline
The technology makes up almost 70% of planned clean energy generation capacity in a nation which added just 4 MW of solar last year.
Covid-19 daily bulletin: Solar developer donates more Chinese PPE
Grenergy was this week due to ship 400,000 face masks to Latin America as European developers today voiced a fear project finance will become increasingly difficult to find as the coronavirus lockdown continues.
