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.
Israel wants another 15 GW of solar by 2030
Energy minister Yuval Steinitz has announced the country’s 2030 renewable energy target will rise to 30%, with solar expected to account for the lion’s share. Approximately $23 billion more clean energy investment is envisaged this decade.
Omani oil provider switches on 100 MW solar park
The PV plant is located at Amin, in the southern desert region of the sultanate. The project, tendered by Petroleum Development Oman in early 2018, was built by a consortium led by the Japanese Marubeni conglomerate.
Solar could hold advantage in post-pandemic global energy sector
The International Energy Agency has acknowledged dramatic falls in energy investment caused by the Covid-19 crisis but said renewables, including PV, offered an attractive proposition to investors as the dust settled, given their enticing economics and short turnaround times.
Israeli national lottery supports rooftop PV program with $0.12/kWh feed-in tariff
The incentive scheme awards a 23-year, $0.12/kWh feed-in tariff to rooftop arrays with a generation capacity of up to 200 kW. Already, 141 municipalities have applied to install 116 MW of rooftop solar capacity and the government has increased the program’s budget from $28.5 million to $143 million.
Dubai utility clamps down on net-metered commercial solar
Dubai Electricity and Water Authority has published new regulations blocking ground-mounted commercial and industrial solar projects and capping rooftop installations at 2 MW.
The weekend read: Made in Israel
A reformed electricity market, officials who are supportive of PV’s new competitive position, and growing renewable energy ambitions are driving significant growth in Israel’s solar market this year. And with its homegrown hero in the background, solutions for the country to become a clean energy leader could already be in place.
Covid-19 weekly round-up: US job losses raise concern but France and China continued to add new solar
Cell supply shortages could kick-start manufacturing activity in India, EV car sales are braced for a fall while still gaining market share and a new date has been set for the world’s biggest solar trade show.
Turkey plans 1 GW solar tender before October
Minister of energy Fatih Dönmez announced the procurement exercise, which is part of a plan to relaunch the nation’s economy during the Covid-19 crisis.
Covid-19 weekly briefing: US residents ponder solar during lockdown, Aussie installers wonder what might have been and the Indian EV industry calls for help
Plus, Italian developers continue to dig deep for their health service, the pandemic piles on problems for a debt-saddled Chinese company and analysts consider whether there will be any money left for a green economic recovery after the dust settles.
