Large-scale solar LCOE fell 3% to $0.049/kWh in 2022, says IRENA
The International Renewable Energy Agency (IRENA) says that PV, onshore wind, concentrated solar power (CSP), bioenergy, and geothermal energy experienced substantial reductions in their levelized cost of electricity (LCOE) in 2022.
Indian analysts predict 16 GW of new solar in fiscal 2024, 2025
CRISIL Ratings says that it expects about 20 GW of new renewable energy capacity in India in fiscal 2024 and fiscal 2025, with roughly 16 GW of solar and the remainder from wind in the current 12-month period, up 33% from the 15 GW installed in fiscal 2023.
Japan’s 17th solar auction concludes with lowest bid of $0.061/kWh
Japan’s latest procurement exercise was open to PV projects above 250 kW in size. The lowest price came in at JPY 8.95 ($0.061)/kWh, with 69 MW of allocated capacity.
New model to assess effects of shading on crops in agrivoltaic projects
New research shows the importance of calculating the effects of shading created by PV panels on the photosynthetically active radiation (PAR) at the ground level, which is crucial to assessing crop yield in agrivoltaic projects. The proposed modeling considers different agrivoltaic project typologies across several sites in Europe.
Chint secures approval to build 100 MW of solar in Bangladesh
Chint has obtained approval to build a 100 MW solar project in Bangladesh, in order to supply electricity to Bangladesh Power Development Board (BPDB) under a 20-year power purchase agreement (PPA) at a fixed tariff of $0.0998/kWh.
Amea Power secures PPA for 25 MW solar-plus-storage project in Djibouti
Amea Power has secured a power purchase agreement (PPA) for a 25 MW solar-plus-storage project in Djibouti. It will be the country’s first independent power producer (IPP) project and is now in development under a build-own-operate and transfer (BOOT) framework.
New control technique for microgrid-connected PV systems
An international research group has applied for the first time integral backstepping control (IBC) as a control strategy for PV systems connected to microgrids. Through a series of simulations, the scientists found the new approach can provide better results than classic backstepping control (BC) and other techniques.
South Korea plans PV-powered 1 GW data center complex
The South Korean government says it plans to set up a 1 GW data center complex powered by solar. The expansive facility will be built in Haenam, a county in South Jeolla province. It will accommodate 25 data centers, each with a capacity of 40 MW.
France concludes C&I rooftop PV tender with average price of €0.10195/kWh
The French authorities have concluded a procurement exercise for commercial and industrial (C&I) rooftop PV projects, allocating 378 MW of solar capacity to 60 developers at an average price of €0.10195 ($0.09066)/kWh.
India’s solar installations hit 6.8 GW in H1
India installed 6.8 GW of solar capacity in the first half of 2023, down 15% year on year, according to JMK Research.
