Global reliance on auctions is thwarting the growth of renewables and failing to provide fair access to the market for small-scale industry players, new research suggests.
Construction work on the 2GW Al Dhafra solar project in Abu Dhabi is set to begin as the consortium behind the development announces it has reached financial closing.
Major PV inverter manufacturer SMA Solar Technology said it would be supplying around 1.6GW of central inverters to PV power plant projects in Australia in 2020, accounting for a market share of approximately 65 percent of a total of 6.5GW being deployed.
A small automation and composites manufacturer, Fujian Haiyuan Composite Material Technology Co (ST Haiyuan) has entered into a framework agreement with Jiangsu Gaoyou Economic Development Zone in Gaoyou City, Jiangsu province China to build a 10GW high-efficiency solar cell and module assembly plant at cost of around US$1.6 billion.
Solar developers secured all the offered capacity in a recent auction in Poland designed for small-scale renewable projects, with more than 700MW of PV expected to be developed in the country.
A two-year extension of the investment tax credit (ITC) for solar systems as well as new funding for energy storage research are included in the US’ wide-reaching pandemic relief package that was approved by Congress on Monday evening.
Despite its generation characteristics, floating solar has yet to truly fulfil its undoubted potential. Jules Scully explores why the technology continues to face hurdles, and what the industry is doing to surpass them.
