Spain

Plus, solar funding is down and Australian rooftop installers are preparing for tough times ahead as one U.S. utility has warned customers to be alert to scammers hoping to benefit from the pandemic.

The Council of Ministers has urgently approved royal decrees to regulate the clean energy procurement rounds and procedures for the grid connection of large scale projects.

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.

Corporate power purchase agreements and the combination of PV plants with hydrogen production open up new medium-term financing opportunities for solar projects, as was demonstrated at the fourth session of the pv magazine Roundtable Europe event. The evolution of corporate deals may have been slowed by current price developments but hydrogen may come sooner than many had predicted.

Developers from France and Germany and investors with access to cheap U.S. and U.K. finance were among the winners in a 2 GW procurement round which saw Spanish company Solarpack lodge a record-low price for Indian solar power of $0.031/kWh.

Renewables company Ellomay Capital has been forced to reduce the scale of its planned 340 MW Manara Cliff project, in the north of the country, because two rival schemes have already gobbled up a large proportion of the capacity quota currently offered by the government.

SolarPower Europe has predicted the volume of new PV capacity added this year will be 4% less than last year’s figure because of the Covid-19 crisis. At the end of 2019, the world had topped 630 GW of solar. For 2020, around 112 GW of new PV capacity is expected, and in 2021, newly installed capacity could be 149.9 GW if governments support renewables in their coronavirus economic recovery plans.

An Ieefa report has suggested the cost of generating electricity from solar will be near zero in the world’s sunniest regions by 2030-40 – despite what the naysayers at the International Energy Agency might think.

The Dutch PV system provider’s MHI panels feature multi-busbar technology and 120 half-cut, monocrystalline cells. The series has a power output of 355-375 W and efficiency of 19.2-20.3%.