The Italian energy company has developed four big solar plants in the last 21 months to add 794 MW of generation capacity to its 3.67 GW solar portfolio and is emblematic of companies from the wider energy sector focusing on the renewable technology.
The tariff is around $0.0021 lower than the $0.0156/kWh French oil giant Total and Japanese conglomerate Marubeni Corp offered in Qatar’s 800 MW tender in late January. French energy company EDF and Chinese solar company JinkoPower reportedly submitted the record bid in the UAE exercise.
Swedish company Exeger says the dye-sensitized ‘light-harvesting material’ it will produce at its facility will generate enough power to prevent the need to recharge portable electronic devices, lengthening battery lifespan perhaps indefinitely.
A reduction in solar park charges was not enough to attract developers in the same numbers that flocked to a separate, 500 MW exercise two months earlier. The Raghanesda Solar Park continues to be a headache after a previous procurement was cancelled because the tariffs were deemed too costly.
SB Energy Corp, a subsidiary of Japanese multinational Softbank, has announced a strategic partnership with Swedish company Exeger, which produces dye sensitized solar cells designed for integration into consumer electronic devices. Under the terms of the agreement, Softbank Group will invest $10 million in Exeger, with SB Energy Corp set to assist global rollout of the technology.
Only three bidders have come forward for huge manufacturing-linked solar and solar-wind hybrid procurement exercises. The separate auctions – originally intended to drive 12.5 GW of new generation and 5 GW of manufacturing capacity – prompted figures of just 3.05 GW and 600 MW, respectively.
India added 1.2 GW of large-scale projects in the third quarter of 2018-19, taking new capacity in the first half to 1.9 GW. The numbers are down 43% and 44%, respectively, on the same periods of the previous year, according to Bridge to India’s quarterly India Solar Compass.
Responding to recent news reports that Saudi Arabia had abandoned its very ambitious plans to install 200 GW of solar PV by 2030, the country’s Ministry of Energy, Industry and Mineral Resources (MEIM) issued an official statement saying that the plans are still on track. It also outlined three components of a new power sector transformation plan.
In another ambitious announcement, SoftBank Group CEO, Masayoshi Son has said he will give free power from solar power projects after 25 years of PPA to all ISA member countries. He was speaking at the Indian Government organized RE Invest 2018.
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