unsubsidized solar

The 8 MW/12MW wind-solar facility will be connected to 8.2 MW of storage and will power operations at Rio Tinto’s ilmenite mine in Southern Madagascar.

Construction on the facility is expected to be finalized in April 2022. The electricity generated by the plant will be bought by Swedish polymer-based products provider Nolato Group.

Through the 10-year power supply deal, the renewable energy company will sell the power generated by a 41 MW solar park located in the southern region of Apulia to the Italian unit of Belgium-based chemical company Solvay. The solar plant is planned to be linked to 10 MW/20 MWh of storage.

This year will be a key period in the development of China’s solar PV market. It is the first year of the 14th five-year plan, the first calendar year after President Xi Jinping announced the 2030-60 carbon emissions commitment, and the first year for utility and commercial unsubsidized projects. IHS Markit expects the solar industry in China to reach another milestone with more than 60 GW of installations this year, advancing the ground for the energy transition and the displacement of traditional energy sources to fulfill the goal of a net carbon future over the next four decades to come.

A new CELA Clean Energy Latin America study looks at 70 power purchase agreements signed for wind and solar PV projects in Brazil.

The Anklam municipality approved the resolution for the project construction. The land-use planning for what could become the largest planned photovoltaic power plant in Germany to date can now begin.

Under the current Russian energy regulatory framework, bilateral deals can be concluded between a seller and a buyer with a power distribution company mediating as a third party.

LevelTen Energy reports each quarter on the prices that wind and solar project developers have offered for power purchase agreements, and makes medium-term estimates for the most important markets. Italy and Spain have been the most active markets in the first quarter of 2021.

New research by Aurora Energy Research expects new unsubsidized solar PV capacity to grow to 5 GW by 2025, 12 GW by 2030, 32 by 2035, and 57 GW by 2040.

The solar-plus-storage facility will reduce heavy fuel oil consumption by 13.1 million liters per year.