Algeria issues 150 MW solar tender
Through the tender, the Algerian Government will select IPP solar projects with a capacity range of 10-50 MW. The projects, to be located in the southwestern part of the country, will be developed on a Build-Own-Operate (BOO) basis. Domestic content rules require the use of solar modules assembled in Algeria, as well as locally manufactured mounting structures and cables.
Equinor takes 9.7% stake in Scatec Solar
The Norwegian oil producer has already partnered with Scatec on large-scale PV projects in Brazil and Argentina. The transaction cost $82.4 million.
Spain’s Iberdrola secures third PPA for 391 MW Núñez de Balboa solar plant
The agreement will help supply Spanish distribution group Uvesco with 100% renewable energy. The first two PPAs for the huge solar plant were signed by Iberdrola in July and October, respectively.
ACWA receives $320m financing for 300 MW Saudi project
The project, tendered by the Saudi authorities in February, will be built by a new company which is 70% controlled by the energy giant and 30% by contractor AlGihaz Holding. The plant will sell power to the Saudi Power Procurement Company at $0.0236/kWh.
FVR closes financing for 50 MW of solar in Spain
Grupo Cobra will be responsible for the construction of the plant, which will comprise 151,500 PV modules of 330 Wp, mounted on a horizontal single axis solar tracking system and 27 inverters. The facility will occupy an area of 161.2 hectares.
Spain’s Endesa to deploy 4 MW / 1.7 MWh battery in Melilla
The battery will be made by assembling 78 second life battery packs from Nissan’s electric Leaf vehicles. The project is expected to help resolve imbalances in the electrical system of the autonomous city and improve quality of supply.
Canada’s Alberta raises budget for solar rebates
The Canadian province will provide an additional CA$7.5 million for projects run by municipalities, while offering more advantageous conditions for businesses and non-profits.
A2A, Talesun plan 300 MW of grid-parity PV projects in Italy
The Italian power and gas provider and the European subsidiary of the Chinese module maker have created a join venture, which will acquire Talesun’s existing Italian PV plant portfolio of 43.2 MW and develop another 300 MW of market parity projects.
Puerto Rico utility favors LNG over solar in Siemens plan
The Puerto Rico utility’s favored generation plan, in a report prepared by Siemens, involves an LNG terminal at San Juan and would achieve only 55% renewables by 2038. A scenario without LNG would reach 79% renewables by 2038 at comparable cost, based on undisclosed cost assumptions.
Spain wants 100% renewable electricity by 2050 as part of climate change strategy
The Law on Climatic Change being prepared by the Spanish government provides greenhouse gas emissions be reduced by 20% compared to 1990 levels in 2030, and that the electric system has 70% generation from renewable energy sources. By 2050, the targets will be raised to 90% and 100%, respectively.
