Financial closing for 2 GW solar park in Abu Dhabi
France’s EDF and China’s Jinko Power Technology have finalized financing for the 2 GW Al Dhafra PV2 project. The array will sell electricity to Emirates Water and Electricity Co. at a price of $0.0135/kWh.
Indian PV auction delivers final record low price of $0.0269/kWh
The solar electricity price in India has dipped further to an all-time low of INR 1.99 ($0.0269)/kWh in a recently held 500 MW Gujarat auction, which is 0.5% lower than the previous record of INR 2.00/kWh set a month ago.
Solar claims all the 700 MW allocated in Poland’s latest small-scale renewables auction
Once again, solar was the only technology competing in the procurement exercise for renewables not exceeding 1 MW in size. The ERO reported a minimum price of PLN228.7/MWh ($61.2), which compares to PLN269.0 a year earlier.
Structural factors driving down PV prices in India
An analysis by India Ratings and Research (Ind-Ra) says improvements in PV panel designs and costs, lower financing costs and state-specific sectors, such as the location’s solar potential and certain waivers, have driven the decline in Indian solar tariffs.
Germany’s tender for utility-scale PV concludes with lowest price of €0.0488/kWh
The German authorities allocated around 257 MW in the latest round of the tendering scheme for PV projects exceeding 750 kW in size.
Indian Railways seeks proposals for solar+storage project
The Indian rail operator aims to set up a PV project in Dahod, Gujarat. It will be awarded via a competitive bidding process. Western Railways will serve as the off-taker for a period of 25 years.
Indonesia launches call for IPP solar projects
State-owned utility PT PLN (Persero) is seeking proposals from independent power producers to build large-scale solar plants.
Poland allocates 800 MW of solar in mixed PV-wind auction
Overall, the Polish energy regulator has allocated 1.7 GW of renewable energy capacity in a procurement exercise that was open to projects exceeding 1 MW in size. The auction concluded with a lowest price of $0.051/kWh, slightly up from the auction of the same kind held last year.
Kazakhstan’s solar auctions conclude with lowest price of $0.035/kWh
The Kazakh authorities allocated 55 MW of PV capacity in two different procurement exercises. Two projects, totaling 40 MW, were secured by Russian module manufacturer Hevel Solar.
Spain to hold 3 GW renewables auction on January 26
Through the procurement exercise, the Spanish government wants to allocate 1 GW of PV, 1 GW of wind and another gigawatt of renewable energy capacity with storage.
