While preparing for the country’s first, 1.35 GW solar tender in June, state secretary for energy João Galamba has revealed another procurement exercise will be held in January and rejected criticism next month’s auction has been badly designed.
The Institute for Energy Economics and Financial Analysis has estimated the effect on the payback period of PV systems when adding EVs and storage in Germany and Britain. In both cases, system owners are likely to reduce their payback period by significant margins as increased self-consumption can offset the incremental phase out of government incentives.
Voltalia has secured a 25-year power purchase agreement from French retailer Boulanger for power generated by a 5 MW project. The off-taker has also committed to buying electricity from new wind and solar plants to be operated by the French developer.
The electricity produced by the floating array will power the Cable Park aquatic park, with surplus power injected into the grid. The project is part of a series of floating plants the Flemish government has been supporting since October.
After a power purchase agreement for a 125 MW solar project was announced in February, similar deals appear to be cropping up. Danish PV analysts, however, warn of the potential risks of such a model and say the green commitments of big electricity consumers may not be enough to spur growth in the segment.
The country’s PV market has heated up, a fact reflected by the number of applications submitted to the energy regulator seeking a license to generate electricity.
The companies have invested €17 million in the project. The energy stored, in the Brandenburg project, will be used to stabilize the grid and minimize the curtailment of wind farms.
Researchers claim the cell they have developed is able to retain 90% of its efficiency after 1,000 hours under extreme light and heat conditions.
The Portuguese government has approved legislative amendments that it says will facilitate its plans to auction off 1.35 GW of solar capacity this summer. The Portuguese energy minister, meanwhile, said that the government hopes to see €6 billion of investment in solar by 2030.
Spain’s Holaluz has agreed to buy electricity from up to 500 MW of solar capacity that China’s Chint Energy plans to build in Spain. The investment has been estimated at roughly €350 million.
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