The Abu Dhabi Fund for Development will support half a dozen megawatt scale projects featuring solar in the Caribbean and Africa. In addition to around 42.5 MW of new solar capacity, the fund will also back the development of energy storage, waste-to-energy and biogas facilities.
With the country’s first procurement exercise for bigger projects, the Togolese government intends to develop solar parks with a combined generation capacity of up to 80 MW. The tender is being held under the umbrella of the World Bank’s Scaling Solar initiative.
French thinktank the Institut Montaigne says Africa is absent from the global solar revolution for several reasons including a lack of suitable financing tools, the small size of projects and a systematic recourse to tendering. Removing artificial price signals set by ever more competitive tenders could be a step towards a more mature market, ready for large scale solar tenders.
The 4 MW plant will be deployed in Lagoon le Rocher on Mahé Island. Construction will likely begin in the second quarter of this year, while details of the 25-year power purchase agreement should be finalized by the end of March.
By this time next year we may be able to wave goodbye to that old chestnut about renewables endangering security of supply. Elsewhere, the price of lithium – and the products it goes into – could go either way after tanking this year.
Battery innovations started to come thick and fast this quarter as the hunt for alternatives to lithium-ion intensified and the latest slew of solar tenders indicated the relentless pressure on solar power generation costs was showing no sign of abating.
Developer PowerGen has installed a new mini-grid in the country and plans to develop nine more projects with the support of the World Bank.
The first part of pv magazine’s review of 2019 considers Q1, when solar early adopter Italy offered an optimistic start to the year by fleshing out its plans for PV but uncertainty still clouded the world’s biggest solar market. The potential for household solar installations to rocket the world over – helped by ever cheaper panels – prompted strategic decisions in the inverter market and analyst expectations were confounded as the cobalt and lithium price plummeted, bringing the EV revolution a big step nearer.
The nation has been plagued by extensive power outages again with debt-riddled utility Eskom blaming heavy summer floods for taking out extensive parts of its coal-fired power generation fleet.
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