Some 350 MW will be divided between wind and solar for projects of 500 kW to 10 MW in scale. The ceiling price for solar and wind has been set at $60/MWh.
The money will be used, among other things, to finance the construction of a 50 MW solar plant in Benguela province, in the west of the country.
The local transport provider wants generation facilities – almost certainly solar – across its 6,000 acres of land and roofs in the capital city, and hopes to break ground on the first sites within a year.
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.
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.
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.
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.
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.
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.
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.
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