The FIT program, which is being developed with the support of the UNDP, is expected to encourage grid-connected renewable energy projects as well as off-grid generation.
The two projects will be funded by the World Bank and the Scaling-Up Renewable Energy Program under the Strategic Climate Fund
The government of the Central American country has approved the new reference price band for the new contracts for power generation from renewable sources.
Only solar and wind power projects will compete in the auction. Wind, however, will probably have the largest share as the bidding rules remain unchanged.
The new robot may make manual cleaning of large-scale solar PV plants a thing of the past.
The 50 MW Planta Solar Fotovoltaica Oruro project is scheduled for completion in 2018. Bolivia’s power utility ENDE is currently reviewing 16 bids for the projects.
According to Deloitte’s annual “Resources 2017 Study – Energy Management: Sustainability & Progress,” grid parity, driven by technological advances and plunging prices, has allowed consumers and businesses to choose clean energy over more traditional fossil-fuel options, with increasing solar use being most consumers’ top priority.
The auction was open to solar, wind and hydropower. Projects selected in the tender must be commissioned between 2018 and 2022.
An undisclosed sum was provided by seven different lenders for the 800 MW third phase of the giant solar park.
The 50 MW Burnoye Solar-2 project will require a total investment of approximately $80 million and will be located in the southern region of Zhambyl.
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