The massive Núñez de Balboa solar plant is planned to be installed in Usagre, near Badajoz, in the southern region of Extremadura, Spain. The funding comes to multinational utility Iberdrola after securing three PPAs for the project.
An investor tool examining the coal fleets of major global power companies has offered up analysis which flies in the face of arguments solar and wind generation could help turn around the debt-saddled South African utility.
While Spain, Sweden, Ukraine and Brazil attracted more funds than last year, China’s transition to an auction-based procurement system and slow performance overall in Europe saw worldwide backing decrease. BloombergNEF does expect investments to ramp up in the second half, however.
Traditional power Germany and a rejuvenated Spain will top the chart for new capacity additions as Europe prepares to hit more than 250 GW of new PV by 2024. Small scale systems for self-consumption will play a big role, according to consultants WoodMac.
To be commissioned in 2022, the giant solar plant will be built on a 1,300-hectare surface in the municipal areas of Torrecillas de la Tiesa and Aldeacentenera, near Caceres, in the Spanish southern region of Extremadura.
At Intersolar Europe, Gamesa Electric’s solar sales director, Enrique de la Cruz explained the key to ensuring high reliability and a low energy price with the company’s new central inverter offering.
At the end of May 2018, events in Spanish politics took a turn without precedent since the country embraced democracy: a motion of censure against the conservative PP (Partido Popular) by an all-but unified opposition received 180 votes in favour, 169 votes against, and 1 abstention. Pedro Sánchez, leader of the socialist PSOE (Partido Socialista Obrero Español), took up the post of Prime Minister that Mariano Rajoy had held for the previous six years. For the PV sector, the change could not have come too soon.
Leading representatives of the European solar industry have issued a call for a new industrial strategy ahead of the European Commission’s upcoming proposals for the sector, which are expected this summer.
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