The first eight months of the year have brought 3.2 GW of new generation capacity, compared to 2.7 GW in the same period of last year.
Only one of the 28 hybrid renewable energy plants allocated in the oversubscribed exercise did not feature solar, and PV took all the awards in the single-technology section of the procurement round.
Clean energy power plants will figure prominently as Queensland and Victoria bid to reset their economies for a post-coronavirus world. France suffered a hit to its new solar deployment figures in the first half of a Covid-hit year but its neighbor appears to have no such concerns.
Federal network agency the Bundesnetzagentur has announced it will retire 4 GW of coal-fired generation capacity through the exercise, which will see plant operators compete to secure one-off payments in return for shuttering, or converting operations.
The extraordinary measure of not publishing the results of successful project bids – brought in during the Covid-19 crisis – is set to be lifted from September, when the projects allocated in procurement rounds over the last five months will be made public.
The long-awaited procurement exercise includes 250 MW of generation capacity originally intended to be tendered last year.
Plus, there is hope of a bright new dawn with proposed legislative changes in Europe and the U.S. even as the solar equipment industry hits new lows and cyber attacks reportedly increase in frequency.
The nation added a year-high of almost 450 MW of new capacity during the month to take the five-month total for 2020 to 1,926 MW. The solar subsidy will fall another 1.4% from tomorrow.
The federal network agency allocated 96.3 MW of solar in a procurement round which saw the solar power price nudge up slightly.
Module price falls driven by the energy demand slump and Chinese oversupply may reverse at the end of the year, Germany appears immune to the Covid rooftop curse and emergency funding has been offered up to EU businesses affected by the crisis.
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