New research by Aurora Energy Research expects new unsubsidized solar PV capacity to grow to 5 GW by 2025, 12 GW by 2030, 32 by 2035, and 57 GW by 2040.
The in-country analyst has revised up its expectation for this year and says a healthy unsubsidized project pipeline will keep the numbers ticking over in 2021. The spending plans necessary to ramp up renewables targets in the next five-year plan, though, could put the nation on a collision course with the EU.
Portuguese electric utility EDP will supply power to Dutch nutrition, health and sustainable lifestyle multinational Royal DSM. The agreement relates to 59 MW of solar and wind generation capacity.
In a recent conversation with pv magazine, Luca Pedretti – the COO of Swiss software developer Pexapark – said that a new mindset is now required for solar and wind PPAs. The market has not completely stalled, he argued, noting that prices have already started to stabilize.
Analysts from German energy advisory Enervis have told pv magazine power purchase agreement-linked solar projects which are under development in Europe may be delayed by the Covid-19 outbreak and new unsubsidized projects appear unlikely any time soon, thanks to the current economics.
French developer Voltalia has contracted to supply solar power to Brazilian thermoplastic resin company Braskem. The solar plant which will generate the electricity is planned as an expansion of two facilities allocated by the Brazilian government in a public renewable energy auction.
The airports of Paris-Charles-de-Gaulle, Orly and Le Bourget will be provided with solar power by French solar company Urbasolar and energy provider GazelEnergie. The PV plants related to the contract are now in development and will begin delivering power in 2021.
The pipeline of large-scale solar projects that are not being planned to compete in public auctions is growing significantly in Brazil, according to a report by consultancy Greener. The study also reveals that all of these projects have already secured a permit to start commercial operations, and that they are located in six states, including Minas Gerais, Sao Paulo and Ceará.
As solar and wind power enter the post-subsidy era, the next few years will be critical for China’s energy transition with investors learning to navigate the uncertainties of market reforms. With the 14th five-year plan – touted as a watershed in China’s energy system development – in the works, a report has recommended clear targets for 2021-2025 in terms of solar and wind power deployment and a reduction of coal consumption.
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