Some 1 GW of utility scale project capacity was added to the end of June.
A new analysis by the Clean Energy Council reveals a dramatic fall in the number of large-scale renewable energy projects committed in the second quarter of 2020, with just three projects representing 410 MW of new capacity reaching financial close – the lowest level since 2017.
Harsh Goenka, from solar forecasting company Solargis analyzes the results of the nation’s first clean energy tender for pv magazine after the procurement exercise secured an average solar electricity price of €72.92/MWh.
The call is part of a government action plan for achieving net zero emissions by 2050.
The French manufacturer has expanded its range with products designed for PV systems with 1500 V DC/800 V AC inverters. The new offer features NH fuses and horizontal and vertical fuse switch-disconnectors.
The project, on the Tengeh reservoir, will sell power to the city state’s Public Utilities Board under a 25-year power purchase agreement.
According to a recent report from Brazilian consultancy Greener, the country imported 1.61 GW of panels in the first quarter and 877 MW in the second. Domestic PV module makers had a 4.4% market share with around 100 MW in shipped modules in the first half of the year. The analysts claim these figures show the Brazilian PV market has not been affected by the Covid-19 crisis.
German inverter manufacturer SMA Solar Technology reported solid financial results for the first half of 2020 despite the Covid-19 crisis. Meyer Burger, however, saw sales and profits decline.
Liander said its new plan may result in savings ranging from €1.4 billion to €1.8 billion. Possible losses for PV power producers are estimated at a maximum of 3% of their electricity production per year. If implemented, this new measure would push PV project developers to rely on underdimensioned inverters.
pv magazine editor Pilar Sánchez Molina takes a look at PV sector news from 10 years ago as part of an ongoing series. These insights bring back memories of an exciting, challenging period, while pointing to where we might be in 2030.
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