Financing large scale renewables in emerging economies
pv magazine has taken part in a webinar examining the thorny issue of financing clean energy generation in developing markets.
Large scale floating PV to sell power at $0.0368/kWh in Indonesia
A new report from the Institute for Essential Services Reform (IESR) shows that PV has not been growing significantly in Indonesia in recent years, despite the size of its energy market and economy. According to its authors, however, there are multiple paths that can be followed to bring volumes into all market segments. Large scale solar is expected to play a major role in the years to come, as the LCOE for big floating projects is approaching levels close to those of more mature markets.
IFC says green recovery could drive $2.5tn renewables market this decade
The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
Eastern Indonesia may become hub for large scale PV deployment
The Indonesian government has announced the construction of a big PV plant in the eastern part of the country, explaining that the region is particularly suitable for solar development due to its dry climate and high solar radiation levels. The region is indeed the most suitable area for solar parks, due to land availability and high electricity generation costs.
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.
Asian Development Bank provides more than $1bn finance for renewables power lines
The development lender has followed up a $600 million loan for distribution infrastructure in eastern Indonesia with a $430 million credit line for installations in India.
Indonesia has 18.2 MW of solar under net metering
Most of Indonesia’s deployed capacity comes from industrial PV systems, at 7.7 MW, while residential PV installations stand at just 5.1 MW. The authorities introduced improved net metering provisions earlier this year.
Toshiba and Siemens Energy pledge to walk away from coal-fired power business
The Japanese tech giant and German power company have followed the lead of General Electric by promising not to take on any new coal power station contracts.
IRENA presents $2tn plan to drive 5.5m renewables jobs by 2023
Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.
Chinese PV Industry Brief: 1 GW of distributed solar came online in August
More than 1 GW of subsidized small solar arrays were installed in China last month alone and manufacturer Suntech has announced the start of operations at its 500 MW Indonesian cell and module fab.
