SolarPower Europe has predicted the volume of new PV capacity added this year will be 4% less than last year’s figure because of the Covid-19 crisis. At the end of 2019, the world had topped 630 GW of solar. For 2020, around 112 GW of new PV capacity is expected, and in 2021, newly installed capacity could be 149.9 GW if governments support renewables in their coronavirus economic recovery plans.
In a new report, the Canadian National Energy Board has identified the regions with both the highest and lowest solar energy potential. Overall, the future of solar in the country appears bright, as power prices are expected to increase considerably over the next two decades.
The annual SNEC photovoltaic power expo 2018, in Shanghai, closed yesterday after the 12th edition of the world’s biggest PV exhibition. Reflecting the rapid development of China’s PV industry, the scale of SNEC increased from 15,000 sqm at the first exhibition to 180,000 sqm last year and 200,000 this year – a 10% year-on-year increase. Preliminary figures show more than 220,000 visits to this year’s edition, with more than 5,000 industry professionals attending the expo and series of high-level conferences.
The transaction includes the sale of a solar park located in western Bulgaria.
The 10 MW PV plant will be built by Indian developer Dynasty. The facility will sell power to the local grid under a 15-year PPA.
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