Prices in most European markets in the second week of December were lower than the previous week’s figures, according to AleaSoft Energy Forecasting. Less electricity demand, lower gas and CO2 futures prices, and increased solar energy production in most of the major European electricity markets caused the downward trend.
Prices for p-type PERC solar panels could cross the €0.10 ($0.1093)/W threshold in the first quarter of 2024, says Leen van Bellen, business development manager Europe for Search4Solar, a Dutch purchasing platform for PV products. He told pv magazine that European stocks are expected to shrink, and that prices should recover in the middle of the second quarter of 2024.
Morocco has announced the pre-qualified bidders for the 400 MW Noor Midelt III solar project, with 400 MWh of battery storage.
Developers announced 24 new power purchase agreements (PPAs) in Europe in November, for 1,132 MW of capacity.
TAQA, an Abu Dhabi-based energy company, has signed a memorandum of understanding to explore the possibility of becoming a shareholder in the €1.9 billion ($3.08 billion) Greece and Cyprus high-voltage direct current (HVDC) electricity interconnection.
Last year Canada switched on its largest utility-scale PV array – the 465 MW (AC) Travers Solar Project – which buoyed solar figures to 4.4 GW, according to the International Renewable Energy Agency (IRENA). But a PV expert warns a six-month pause on renewable energy projects in Alberta this year could slow the whole country’s momentum.
Scientists in Czechia have proposed to use parallel inverters in PV systems to not only reduce instability, but also to increase power yield. The proposed approach reportedly results in higher maximum power point tracking (MPPT) performance.
Two new PV bike-path projects are now operating in the Netherlands under an initiative launched in 2018 by Rijkswaterstaat, the Dutch water management agency.
The German grid agency has set a ceiling price of €0.0737 ($0.081)/kWh for ground-mounted PV and €0.1050/kWh for rooftop solar installations.
A 28-kilometer underground power cable owned by Italian grid operator Terna started work on Friday, the company announced. The interconnector connects substations in Glorenza northern Italy and Nauders eastern Austria.
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