Growing interest for utility scale solar in Czechia
Several utility scale solar projects are being developed in Czechia, with investors hoping to secure subsidies from a recently launched rebate scheme that covers up to 50% of the costs. Securing a PPA to sell power, however, may be more difficult, as the current market conditions do not offer many opportunities for long-term deals.
Anumar switches on southern Germany’s largest solar park
The 120 MW solar plant will sell power under two long-term PPAs for the electricity to be generated by 90 MW of its capacity.
Indian PV manufacturer expands panel capacity with new 700 MW factory
Insolation Energy Director Vikas Jain recently spoke to pv magazine about the company’s plans to expand its solar panel manufacturing capacity to 700 MW with the addition of a 500 MW facility. The new factory will be equipped to produce poly, mono, mono PERC, and bifacial panels, with individual outputs of up to 600 Wp.
Rising gas, electricity prices create new opportunities for short-term PPAs in Europe
Higher gas and electricity prices could open up new opportunities for short-term power purchase agreements in the Italian and European renewable energy markets, according to Stefano Cavriani, the founder and director of EGO Energy, an Italian company that specializes in PPA hedging. In a chat with pv magazine, he explained that electricity prices should not increase more, but they may stabilize at current levels, or slightly below the €100/MWh threshold.
Malaysian utility agrees to buy power from 500 MW of solar plants
Ten 50 MW projects will be developed in four states after a tender held last year.
Hybrid wind-solar-storage powering mine in Madagascar under 20-year PPA
The 8 MW/12MW wind-solar facility will be connected to 8.2 MW of storage and will power operations at Rio Tinto’s ilmenite mine in Southern Madagascar.
Foreign investors tapping into India’s solar market undeterred by untimely payments
100% ownership in renewable energy projects and 25-year power purchase agreements are cited as major factors drawing foreign investors to India’s high-growth solar market. Major developers in India have solar portfolios distributed across states, which further minimizes the risk for investors.
Mining giant unveils AU$73m solar-plus-storage project
Mining giant BHP has taken another step on the path towards a renewable energy future, commissioning a 48.2 MW solar-plus-storage hybrid power facility that will help power its Nickel West mining operations in regional Western Australia.
India’s Jakson Corporation commissions 50 MW solar plant in Uttar Pradesh
The 200-acre solar plant is located in the Kheragarh district of Agra. It benefits from a 25-year, fixed-tariff power purchase agreement with Uttar Pradesh Power Transmission Corporation Limited.
Solar Philippines moves forward with 500 MW solar park
Solar Philippines is currently seeking off-takers for a project that could also sell power on the spot market. The project is part of a 1 GW pipeline that the company announced in December.
