The solar facility will sell power to the local grid at around US$0.04/kWh. The project is part of Armenia’s six-year $58 million solar program.
The facility, which will power the company’s headquarters, will raise its power production for self-consumption by 50%. The installation will also deliver part of its power surplus to other companies of the group and to the spot market.
The solar facility, planned to be built in the northwestern province of Salta, was awarded a 20-year PPA in the second round (Ronda 1.5) of the Argentinean program for large-scale renewable energy projects, RenovAr.
The scheme, set to be implemented over the next three years, includes net metering, FITs for small-scale solar, and a series of tenders.
The German solar PV equipment manufacturer has confirmed its preliminary figures for the past year. The record sales registered in 2017 could be increased even further this year.
The German inverter maker sold 8.5 GW of solar PV inverters last year. Revenue, however, dropped by €50 million, while net profit remained flat at €30 million.
Although there is still confusion between different numbers provided by the Swedish energy agency, Energimyndigheten, new statistics suggest that Sweden was the largest PV market in Scandinavia in 2017.
After releasing the guidelines for the grid integration of distributed generation power generators in February, the Energy Community Secretariat has now provided new instructions to help governments of southeastern European countries launch auction mechanisms to support large-scale solar and renewables.
The Danish wind specialist and the renewable energy unit of the Portuguese utility have installed the 3.3 MW power facility near Cadiz, in the Spanish region of Andalucia. Vestas, however, has said that this project does not represent a step into the solar business.
5,056 MW of large scale solar and wind are currently being built in Australia. The latest figures from Green Energy Markets shows that the total passed the 5 GW milestone for the first time in February.
This website uses cookies to anonymously count visitor numbers. View our privacy policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.