The average global price of solar kilowatt-hours fell 13% on 2020’s prices, as around two-thirds of the renewables capacity installed last year was cheaper than the lowest-cost fossil fuel alternative.
The procurement exercise was open to PV projects exceeding 250kW in size and had a ceiling price of ¥10.25/kWh ($0.089).
Data company IHS Markit expects almost nine out of ten big solar projects in the Americas over the next three years to be tracker mounted. More than a terrawatt of new solar will be added from this year to the end of 2025, the analyst predicted.
One of the first items in the in-tray of the country’s new Socialist Party government must be to unblock Portugal’s seemingly huge appetite for PPA-backed merchant solar sites and to deliver the PV projects which were tendered by the authorities, to global acclaim, in 2019 and 2020.
Researchers have discovered that large-scale PV arrays could enhance the voltage stability of northern Nigeria’s electricity grid.
The US is expected to add 78GW generating capacity over the next two years, 49GW of which is expected to be large-scale solar and energy storage.
Photon Energy has deployed its first merchant PV project in Hungary. The company said the €1 million plant may be the first in a series selling power to the spot market. In an interview with pv magazine, Hungarian renewable energy specialist, Ferenc Kis, stated that these projects may become more frequent in the future, due to new coordinated grid connection capacity allocation.
The latest edition of a clean power jobs survey produced by IRENA and the International Labour Organization has stressed the important role which will need to be played by the public sector if the energy transition’s employment benefits are to be shared equally.
As solar deployment increases, concerns about price cannibalization continue to be more and more relevant. Large-scale solar generation during midday hours may result in curtailment or unprofitable wholesale power prices. As supply increases, the economic viability of solar PV projects could fall into question.
The Dutch event has attracted bumper crowds this week as the Dutch solar PV market continues to defy skeptics with its tremendous growth.
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