Indian Railways tenders for 1 GW of solar
Developers have until June 30 to lodge bids to develop plots of solar capacity across the national rail network which offer a maximum INR2.71/kWh ($0.036) for the electricity generated under a 25-year contract.
LCOE from large scale PV fell 4% to $50 per megawatt-hour in six months
Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.
Despite solar woes, Tesla recorded its first profitable Q1
Tesla finished the first quarter of 2020 with a positive GAAP net income, driven by the profitability of the Model Y. However, the story was not so bright for solar, storage or corporate governance.
Solar can drive down levelized cost of desalinated water
A study from Finland’s Lappeenranta University of Technology states decarbonization of desalination could help achieve a levelized cost of water of €0.32-1.66 per cubic meter. Solar and storage are expected to play a decisive role.
A redox flow battery for MW-sized solar-plus-storage
Matt Harper, chief commercial officer of newly-merged British-Canadian vanadium redox flow battery business Invinity Energy Systems has spoken to pv magazine about the VS3-022 Battery Unit it is marketing for grid scale solar-plus-storage projects and why it may be a better bet than lithium-ion.
Big solar projects are back in the US
The number of 100 MW-plus solar projects is rapidly increasing in the U.S. And if there’s one solar segment that can weather a pandemic, it’s utility scale photovoltaics.
Brazil hits 5 GW milestone
In Brazil, like in many other parts of the world, industry associations claim that solar will be a strategic element in the recovery from the Covid-19 crisis, due to its potential to create jobs, generate income, and attract new investment.
Abu Dhabi’s 1.5 GW tender draws world record low solar bid of $0.0135/kWh
The tariff is around $0.0021 lower than the $0.0156/kWh French oil giant Total and Japanese conglomerate Marubeni Corp offered in Qatar’s 800 MW tender in late January. French energy company EDF and Chinese solar company JinkoPower reportedly submitted the record bid in the UAE exercise.
New 5G string-inverter for commercial applications from Ginlong
The Chinese manufacturer has integrated the Solis 110 kW string inverter into its 5G tech platform. The company claims the upgraded device can offer stronger system returns and a lower levelized cost of energy. The price of the Solis-110K-5G inverter is €0.035/W.
The solar highway to Australia’s renewable hydrogen economy
The Australian Renewable Energy Agency says that on-site solar electrolysis is not just the most cost-effective way of developing a domestic and export hydrogen economy, but perhaps the only way.
