While a majority of Australian industry representatives expect to hire more people over the next 12 months, the biggest challenges to developing new projects remain unchanged, with the grid connection process, technical requirements, and policy uncertainty at the top of their list of concerns.
Solar and wind offer the route to a decarbonized global economy with the fewest negative side-effects.
PV cheaper than spot market electricity across Europe. The levelized cost of energy produced by large scale PV projects ranges from €24/MWh in southern Spain to €42/MWh in Finland.
Atlas Renewable Energies has agreed to provide the Chilean unit of French energy giant Engie with 550 GWh annually for 15 years. The electricity will be supplied by the Sol del Desierto project Atlas is building in northern Chile.
French IPP Akuo is the developer behind the record bid of €0.0147/kWh, which was for one of three projects it won in the auction.
IHS Markit’s analysts have mapped out what they are keeping an eye out for in the year ahead.
Project developer Sunseap has announced plans for one of the world’s largest PV systems floating on seawater, to be built in the Johor strait which separates Singapore and Malaysia. The 5 MW system is expected to be completed in the first quarter of 2019.
The failure of the tender depended on a series of factors, the most important of which was the clarification of policy around fiscal exemptions for solar self-consumption in the case of third-party investment.
The government of Mali has secured further funds to build the country’s first large-scale PV project. The 33 MW Segou Solar PV Project will sell power to local utility under a 25-year PPA.
The 40 MW project, which is being developed by Norwegian developer Scatec along with investment fund KLP Norfund Investments, is the country’s first large-scale solar facility.
Scatec Solar, alongside Norfund Investments and Electricidade de Mozambique have closed financing and begun construction on the first utility-scale solar plant in Mozambique, a 40 MW project to be located close to the city of Mocuba.