PV plant

The UK government’s quarterly energy report finds solar leading the pack in new capacity terms. Meanwhile, provisional data to the end of June 2024 reveals the United Kingdom is on course to comfortably exceed 17 GW of recorded capacity during summer months.

The Bangladesh Power Development Board (BPDB) has agreed to buy electricity from the power plant at a price of $0.1094/kWh for a 20-year period.

At Bluewave, integrating solar technology with traditional farming practices isn’t just a concept, it’s the new standard. Jesse Robertson-DuBois, director of sustainable solar development, shares insights on the transformative journey of agrivoltaics within the industry.

Large-scale solar-plus-storage is the main option left to avoid power shortages as such systems can be deployed much faster than new thermal and hydro assets. Recent gigawatt-scale solar-plus-storage auction results, with a record low price of INR 3.40 ($0.04)/kWh, show that such deployment will be highly economical, according to a new study from the University of California’s India Energy and Climate Center.

A call for the EU’s second cross-border renewables tender has gone out and will remain open until March 4, 2025. Luxembourg is providing €52.4 million ($56.7 million), while Finland and Estonia have committed to installing solar and onshore wind on their territories.

The 147MW/588MWh Rosamund Central battery energy storage project in Kern County, California, is paired with a 192 MW solar farm, which was completed in 2020.

The Philippines’ Department of Energy (DOE) has said that energy storage and maximizing the country’s existing renewable energy infrastructure will be a major theme for its next green energy auction. GEA-4 will take place in the final quarter of 2024.

The auction concluded with an average price of €0.056 ($0.065)/kWh for the PV technology.

In Germany – but not only there – there is a heated debate about the pros and cons of a capacity market. The German Renewable Energy Association is against it, and recently the German New Energy Industry Association, the DIHK and the EEX energy exchange have also taken a clear stance: Germany does not need a “power plant subsidy program.” In this article, four experts explain why battery storage can also play an important role in a capacity market and make recommendations on how the design of the market can help avoid mismanagement, wrong incentives and unnecessary costs.

The grid needs to modernize to meet a booming demand for electricity, which is only predicted to grow even further in coming years. IEC Standards are key to help with the transition.