The EPC firm will build the PV plant with the lowest cost ever registered for solar power in the world. The project is being developed by JinkoSolar, Marubeni and ADWEA.
The government of the Spanish archipelago is planning to define the bidding rules for its own renewable energy auction by the end of July.
The photovoltaic plant “Uribe Solar” was officially commissioned by the vice-minister of national property Jorge Maldonado and the minister of energy Andrés Rebolledo.
The French power utility, which is also the parent company of the independent power producer Neoen, has made another step into the renewable energy sector. The acquisition price is estimated at around €303 million.
The scheme, which provides investment support for residential and commercial PV systems, now includes the possibility of expanding projects developed under the program’s previous phases.
The decree implementing the auction was published in the country’s official journal on Saturday. Solar seems to have more options compared to the previous 3 GW auction, in which only 1.5 MW of PV was contracted.
The Dutch specialty group believes its sand-resistant coating for solar panels will be particularly suitable for desert areas. The new technology is currently being tested at a solar plant in China’s Gobi Desert.
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.
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