According to a recent report from Brazilian consultancy Greener, unsubsidized solar projects are proliferating in the Latin American country. The study also reveals that the utility scale PV projects that are in an early or intermediate stage of development, have a combined capacity of 98.9 GW.
LevelTen Energy reports each quarter on the prices that wind and solar project developers have offered for power purchase agreements, and makes medium-term estimates for the most important markets. Italy and Spain have been the most active markets in the first quarter of 2021.
The solar-plus-storage facility will reduce heavy fuel oil consumption by 13.1 million liters per year.
Construction on the solar plant is expected to begin this year. It will supply power to SNCF’s unit SNCF Energie over a 20-year period.
Poland’s second-largest coal power producer, ZE PAK, will sell solar power to Polish telecommunication group Polsat. The $45.5 million project is being financed by a group of Polish banks.
German consultancy Enervis said the European market last year saw a 50% drop in new PPA-linked photovoltaic projects, compared to 2019. This year, however, higher capture prices for the PV energy source should enable a larger number of deals to be closed.
The Covid-19 crisis temporarily paralyzed the business for large scale unsubsidized solar projects across Europe. At the end of the year, however, demand for projects that are financed through electricity purchase agreements regained speed. Pexapark estimates that there is currently 10 GW of renewable energy capacity under signed PPAs in Europe, most of which is for solar power.
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