In this pv magazine Webinar, we will discuss with Paul Wormser of CEA and Elias Hinckley of K&L Gates the IRS’ Safe Harbor Provision for Solar Energy Projects and how to take advantage of it.
With the government having already introduced measures which will reduce the volume of renewables in the national energy mix, further new provisions will restrict the deployment of energy storage and the ability of solar energy generators to sell excess power to nearby consumers.
The Comisión Federal de Electricidad will invest around $342 million into two PV plants with a total generation capacity of 350 MW at its geothermal facility in Baja California. President Obrador, meanwhile, has described the previous regime’s Energy Reform program as a ‘pillage policy.’
Mexico’s Federal Electricity Commission (CFE) is seeking approval to develop 350 MW of solar in the state of Baja California. The arrays will be built on the same site as the 820 MW Cerro Prieto geothermal project. However, it remains unclear whether the PV installations mark the company’s formal entry into the solar business.
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.
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.
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.
pv magazine spoke to Mark Jones, chief executive of privately-owned clean energy investment company Susgen about where the newly-launched business is looking to spend the cash pile it has allocated for big, early-stage project pipelines.
Plus, Australia’s Greens want renewables front and center of the post Covid-19 economy and Mexican plant owners are overturning a politically-motivated ban on clean energy, however, Indian developer Acme solar says pandemic delays warrant it reneging on the terms of the record-low solar price agreement it signed.
Twenty-three renewable-energy operators have resumed testing of their installations, just a few weeks after the Mexican government halted grid connections for new solar and wind power projects, pending further notice. Mexicio’s National Energy Control Center (Cenace) has faced a series of “amparo” lawsuits since the government introduced the new measures against renewables.
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