Renewables

The transaction has been approved by AGCM, Italy’s antitrust authority. Prior to acquiring Evolvere – which recorded a turnover of more than €30 million in 2018 – Eni has mainly specialized in the construction of large-scale solar plants, rather than residential and commercial PV projects.

The procurement exercise, which includes 250 MW of wind to be developed by Saudi Arabia’s ACWA Power, was launched in March. The plant will be built at a site located 75 kilometers southwest of Baku. The authorities have not provided any information on final auction prices.

The 4 MW plant will be deployed in Lagoon le Rocher on Mahé Island. Construction will likely begin in the second quarter of this year, while details of the 25-year power purchase agreement should be finalized by the end of March.

Four bids have been lodged for 100 MW projects and fifth for a 90 MW facility, all in peninsular Malaysia, to indicate the 500 MW tender will fall short of its intended capacity. The lowest solar power price lodged is for $0.042/kWh.

Bidders can pitch for up to 300 MW of generation capacity per project with the deadline for proposals on February 4. The eighth tranche of inter-state transmission system program capacity offered by the Solar Energy Corporation of India comes with an energy price ceiling of $0.039/kWh.

With the third procurement round of the kingdom’s National Renewable Energy Program, the Renewable Energy Project Development Office is tendering four large-scale solar projects. Successful bidders will have to include at least 17% local content in their facilities.

Danish developer Obton and Ireland’s Shannon Energy have promised to develop the projects within five years. Total investment is expected to be around €300 million and the companies have already acquired projects with a combined generation capacity of 150 MW.

The government has abrogated a controversial measure introduced last year which favored big developers in the allocation of fiscal incentives for rooftop projects linked to building renovation.

The renewable energy unit of the French energy giant has made a public call to source mounting structures for the large scale PV projects it wants to build in France up to 2023.

The UAE Federal Electricity and Water Authority is seeking expressions of interest to enable it to pre-select independent power producers for the project. The plant will be owned 60% by the government of Umm al-Quwain and the electricity authority, with the successful developer owning the balance.