The large-scale power plant is being built by JCM Matswani Solar Corp Limited. A 20-year PPA has been signed with the Electricity Supply Corporation of Malawi Limited (ESCOM).
Solar is expected to play a leading role in the Portuguese Government’s new energy plan, which includes the goals of covering 80% of the country’s total power demand with clean energy by 2030, and electrifying 65% of its economy by 2050.
This time, the countries revealing their first floating PV plans are Albania and the Ivory Cost. In the first, a 12.9 MW plant is being proposed by local hydropower producer KESH, while in the second, the local government has secured funds for what it claims will be Africa’s first floating PV array.
The funds, provided by the European Bank for Reconstruction and Development, will help utility NEPCO repay short-term debt, as well as financing expansion of the grid’s capability to increase the share of solar and other renewable energy.
The UK energy technology company said the new contract will provide 120 MW of solar generation through its Limejump Virtual Power Platform. The energy bought from NextEnergy Solar Fund will then be traded on the national grid.
The South Korean PV manufacturer saw sales increase slightly in the last quarter. Net losses, however, more than quadrupled compared to the previous period.
Through a new package of measures for the energy sector, the German government has introduced a significant incentive reduction for commercial and industrial solar, but has also allocated an additional 4 GW of solar capacity in tenders up to 2021.
French developer Voltalia has secured an $18.1 million loan for its 50 MW Kopere solar project. The plant will sell power to utility KPLC under a 20-year PPA. The country’s Rural Electrification Authority is also tendering 1.1 MW of solar plants associated with minigrids in off-grid regions.
The vast majority of the newly reported capacity was small and medium-sized PV rooftops. For ground-mounts, as in September, there was little volume. By the end of October, the government’s annual target of 2.5 GW of new capacity was almost reached. Solar FITs will fall another 1% in December.
In addition to unveiling Portugal’s first renewables auction, State Secretary for Energy João Galamba has said he will fight speculation in the large-scale solar business, and introduce both longer timeframes for project construction and stronger penalties.
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