Google’s reverse auctions net 1.2 GW of renewables in 60 minutes
Google pre-qualified bidders and used reverse auctions to obtain the lowest price for renewable energy. Reverse auctions for corporate purchases could potentially benefit solar developers, if their transparency and simplicity can influence more corporations to procure green power.
Bidders line up for Ecuador renewables auction
The final results of the exercise, which attracted 22 participants, will be known on April 15. A 200 MW solar project will be assigned in the auction, with the winning bidder for that facility securing a 20-year power purchase agreement.
Political uncertainties and market speculation
After several years of stagnation, Spain has started to see a revival in its PV market, writes IHS Markit’s Maria Chea. The country’s newfound growth has been due to a combination of tender and private PPA projects, along with decreasing component costs.
EDF secures a slice of UK supermarket Tesco’s corporate solar plan
The French energy giant will provide supermarket Tesco with electricity from 17 rooftop PV installations and two wind farms for a renewables portfolio generation capacity of 59 MW. The groceries retailer has announced plans to install 187 solar rooftops.
Ukraine solar industry poised between optimism and fears of FIT renegotiation
Ukrainian energy market reforms are continuing and amid uncertainty about future auction mechanisms and prices, attendees at the SEF Kyiv sustainable energy forum again called out the government for dragging its heels on the legislation. However, there was also evident optimism at the show.
German report makes recommendations for private PPA adoption in China
The German Energy Agency has drawn up a list of proposed measures which it says could help the world’s biggest solar market accelerate its clean energy plans through the adoption of subsidy-free – private – power purchase agreements.
South Africa proposes voluntary reduction of tariffs awarded in first three REIPPPP rounds
Power purchase agreements may be voluntarily renegotiated by extending the 20-year deals or enabling independent power producers to add more efficient PV components, thus increasing plant generation capacity.
IEnova secures 15-year power deal for 150 MW solar park in Mexico
The project the company is developing in Juárez will sell energy to the Mexican department store chain El Puerto de Liverpool through a 15-year PPA for the second contract of the type IEnova has secured with the group.
Court halts Indian state’s attempt to renegotiate PPAs
A bid to renegotiate agreed solar and wind power tariffs in Andhra Pradesh appears to be part of a deliberate campaign by the chief minister elected in May to erase the renewable energy commitments made by his predecessor.
Spain’s first auction project online as a new 300 MW power supply deal is signed
Enel Green Power has plugged in the 85 MW Totana solar plant, the first project to come online from the renewables auction held by the Spanish government in July 2017. Elsewhere, Solarcentury and Encavis announced their 300 MW Talayuela project has secured a 10-year power purchase agreement.
