Solar firms offer 28GW pipeline of total 51GW put forward for 28 May 2020 tender, scheduled after year when PV drew global eyes with US$17.5/MWh average tariffs.
The first steps have been taken in ending the trade war between the US and China now that the ‘Phase 1 Trade Agreement’ has been signed. A surprise inclusion for the PV and semiconductor industries has been China’s agreement to reopen the trade doors for US-made solar-grade polysilicon.
Switching to full renewables by 2050 in line with climate goals would see global solar create 22 million of a total 35 million new energy sector jobs, with batteries employing 4.5 million.
Funds raised by the Climate Finance Group will go towards grid-connected and distributed renewables, energy efficiency, low-carbon transportation and energy storage in Africa, Latin America and Southeast Asia.
International renewable energy provider GCL New Energy, a subsidiary of GCL-Poly has signed a deal to sell 7 operational solar power plants in China with an aggregate installed capacity of approximately 294MW to one of the five largest state-owned electric utility enterprises in China, China Huaneng Group.
Current pipeline lies at such advanced stages that 3.6GWac of PV and wind could be commissioned nation-wide after 2019’s market lows, say Rystad Energy consultants.
PV might have only seen 30.22GW added throughout 2019 but ‘year-end rally’ hinted at by latest NEA figures may indicate market will rebound more than expected in 2020, analysts say.
Independent renewable power producer, Grupo T-Solar has secured funding of €567.8 million to refinance 23 PV power plants located in Spain, totalling 127MW.
