The success of unsubsidized clean power facilities in the country – whether driven by corporate power purchase agreements or selling direct to the wholesale electricity market – has prompted the Department for Business, Energy and Industrial Strategy to ponder whether contracts-for-difference payments will be fit for purpose in the years ahead.
Pioneering solar projects which signed ten-year feed-in tariff agreements will soon need to operate free of subsidy and with local authorities like the City of London starting to embrace direct contracts with renewables generators, the PPA market could be set for another turbo charge.
With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.
Netherlands-based renewables developer Photon Energy will build two PV plants totaling 14 MW in the Riverina region of southern New South Wales (NSW). The two projects will feature bifacial PV modules mounted on single-axis trackers and will supply the produced electricity to the spot market.
Solar forecasting company Solargis says the insight offered by Covid-19 industrial shutdowns into a renewables-driven future serves to emphasize the value of the chief commodity it trades in – data.
Analyst Cornwall Insight said the figure, drawn from its Renewable Pipeline tracker, related only to the proportion of the nation’s 13 GW solar pipeline which had already applied for or secured planning permission.
The announcement by the Department for Business, Energy and Industrial Strategy of an auction which will include solar next year appears to back prime minister Boris Johnson’s claims to be serious about the nation’s net-zero carbon ambition.
The project will operate at a profit in part thanks to an emissions scheme introduced by the province of Alberta on January 1. The plant will be able to sell its carbon certificates.
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