The International Energy Agency has acknowledged dramatic falls in energy investment caused by the Covid-19 crisis but said renewables, including PV, offered an attractive proposition to investors as the dust settled, given their enticing economics and short turnaround times.
The world’s solar superpower saw the amount of new capacity added in the first three months of the year fall 24% from the same period of 2019 as 1.75 TWh of solar electricity was curtailed, but the National Energy Administration expects both statistics to improve as China exits the public health crisis.
Energy Efficiency Services Limited, which has already bagged orders for 800 MW of distributed solar installations in the state of Maharashtra and 113 MW in Rajasthan, says it will roll out the generation facilities by the end of the next fiscal year.
The approach combines virtual impedance and a modified pulse-width modulation strategy to suppress fault currents in grid-connected PV systems.
The government is being helped by the European Bank for Reconstruction and Development as it designs a new net metering system. The country already supports large scale PV plants and small solar parks.
A Department of Energy agency expects 17.4 GW (DC) of utility scale solar power generation capacity plus 6.6 GW of small scale PV will be installed in 2020. That volume would be 60% higher than the record, set in 2016.
Having envisioned an 18-month transition to grid parity solar in the world’s biggest PV marketplace, developers of large scale projects are now reportedly being told the subsidy taps will be switched off at the end of December.
According to Korean government, around 18,000 unlicensed projects up to 1 MW in size are being developed in the area. Restrictions on such projects, which are driving this year’s strong solar growth in the country, are being introduced to reduce their environmental impact.
The project developer trumpeted its return to the black in the second quarter and appears set to secure an $11 million cash injection from its main shareholder. It needs the cash to help settle a near-$29 million debt due for repayment in March.
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