The Solar Energy Corporation of India (SECI) announced today that 2.3 GW of new solar projects will be tendered by the corporation shortly, while the Tamil Nadu Generation and Distribution Corporation (TENGEDCO) has just begun the tendering process for 500 MW of solar PV within the state.
Australian zinc metals producer Sun Metals is to build a 100MW solar PV plant to supply its refinery located near Townsville, in northern Queensland, in a landmark development in the Australian renewable energy landscape.
2017 begins with yet more positive price reduction momentum, while Spain reveals details of its renewables auction and Comtec Solar and Longi agree to asset purchase.
Country’s National Energy Administration confirms in blueprint document plans to spend 2.5 trillion yuan on developing its solar, wind, hydro and nuclear power sectors, Reuters reports.
Renewable energy investment platform, managed by Egypt’s EFG Hermes, to purchase TerraForm Power’s U.K. solar portfolio for £470 million.
Project comprises three 50 MW solar plants commissioned with an average weighted tariff of US 8.5 cents/kWh.
The dramatically falling costs of solar energy from the supply chain to the final product could see the average global price of solar power become cheaper than coal within the next 10 years, according to Bloomberg New Energy Finance, which is a position echoed by other experts.
Pace of Indian solar growth to accelerate this year as the nation is set to more than double 2016’s 4 GW capacity; however, headwinds regarding transmission and evacuation issues could slow expansion, Mercom says.
The record-breaking second phase of the Mohammed bin Rashid Al Maktoum Solar Park is now over 80% complete, with progress going well for the April 2017 completion target, as the park continues to grow with an eventual goal of being 5 GW in size.
Having reached a series of clean energy milestones in 2016, WWF Scotland and Scottish Renewables are urging Scottish ministers to set a target of 50% renewable energy penetration by 2030.
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