Brazil’s Cemig launches its third wind, solar auction
Although the volume has not been disclosed, selected projects in this new auction will be awarded a 19-year PPA.
Solar at $17.30/MWh in Brazil‘s auction: is it a world record?
Analysts have scrutinized the result of the recent A-4 auction which delivered, in theory, the world’s lowest price for solar electricity from an energy procurement exercise. The two plants in question, however, will sell 70% and 50% of their output outside the power deal signed in the auction.
PPA-linked solar park comes online in Sweden
The 5.8 MW Sparbanken Skåne Solar Park is in the Sjöbo Kommun, in the southern region of Skåne. The facility is selling more than half its output to the spot market and around a third to Swedish bank Sparbanken Skåne under a 10-year PPA. The rest is being traded on the Nord Pool electricity certificate market for renewable energy in Sweden and Norway.
Engie secures financing for 60 MW of solar in Senegal
A €38 million loan will be provided by Proparco, the International Finance Corporation and the European Investment Bank. A PV plant in Tauba will sell power for €0.0380/kWh and a second facility in Kahone which will sell electricity for €0.0398.
FRV achieves financial close on 68 MW solar project in Australia
Fotowatio Renewable Ventures (FRV) has secured financing for the 67.8 MW Goonumbla Solar Farm in New South Wales. The Spanish developer inked a power purchase agreement for the project with Snowy Hydro last year.
Mozambique plans for 60 MW solar deployment
The IFC and the country’s power utility are planning to build small on-grid solar parks across three to five different sites, and are seeking a project consultant.
First off-shore PV project launched in the North Sea
A floating solar array will be located in the North Sea near an aquaculture and an offshore wind power facility. The €2 million pilot project is being developed by a consortium including Tractebel, Jan De Nul Group, Deme, Soltech and Ghent University.
South Korean government announces 2.1 GW floating PV project
The huge floating plant is expected to be located on a water surface close to the Saemangeum, an estuarine tidal flat on the coast of the Yellow Sea. Construction on the facility is planned to start in the second half of next year. Around 4.6 trillion won ($3.9 billion) of private funds will be invested in the project.
BlackRock goes behind the meter with GE
The startup formerly known as GE Solar has become a full fledged company, with GE and BlackRock announcing the creation of Distributed Solar Development, a behind-the-meter solar joint venture.
Solar panel demand expected to reach 125.5 GW in 2019, TrendForce says
According to the Taiwanese market research company, PV panel demand will increase by 16% over 2018 shipments. TrendForce also believes this growth trend will continue in 2020.
