The U.S.-based off-grid specialist will use these financial resources to expand its business in Asia and Africa.
New additions for the first 10 months of this year totaled 352 MW, representing 12% growth compared to the same period a year earlier, and enough solar to meet 8.7% of total power demand.
According to a new study conducted by the Frankfurt Institute for Advanced Studies at the Goethe-University Frankfurt, a mix of solar and wind may be over 10% cheaper than power generation from new coal and nuclear plants in South Africa, even if the cost of renewables and batteries will see no further reduction from today until 2050.
The German solar and wind power plant operator has made its first move into the Dutch solar market.
The new A-4 auction will be open to thermoelectric, wind, solar and hydro large-scale power projects, which must be operational from 2022.
The Turkish EPC contractor is also planning to install rooftop PV systems on several public buildings of the city of Ochakiv, where the solar park may be located.
Although the country’s new national energy independence strategy says wind will represent 65% of its total renewable energy share by 2050, the number of households that self-generate their power (predominantly from solar) is expected to increase from 34,000 in 2020, to 500,000 in 2030.
A report from the Paul Scherrer Institute forecasts a bright future for PV technology in the Alpine country. Solar may even be able to grow by 18 TWh over the next 30 years from just 1 TWh currently.
In the first ten months of 2017, new PV additions totaled 1,465 MW, which is almost the same amount of installed solar capacity installed in the same period of last year.
The 549 MW PV facility will be built by Spanish industrial group ACS on 2,369 hectares of land, spread across the municipalities of Escatrón and Chiprana. The project was selected by the Spanish government in this year’s second renewable energy auction, in which around 3.9 GW of solar power was allocated.
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