A round-up of the latest news in solar project development, as Brazilian mining firm Vale plans a 766MWp facility, a 500MW portfolio changes hands in Canada and ReneSola sells Polish parks.
With module suppliers currently seeking to hit annual shipment volume guidance for 2020, and many announcing ambitious expansion plans for 2021 and beyond, the sector is seeing a shift now in terms of module supply to global utility-scale sites.
Corporate renewable power purchase agreements (PPAs) in Australia are set to reach record levels this year, with governments and business investing AUD$2.4 billion (US$1.78 billion) and buying more than 1GW of green energy.
Californian energy tech developer BrightNight and Canadian clean energy company Cordelio have formed a joint venture that will see the latter expand its operations in the US with the help of the former’s planned projects.
Annual global investments in green hydrogen are on track to exceed US$1 billion by 2023 as production costs fall and governments increase their support for the technology.
Solar will likely play a major role in achieving Japan’s policy goal of reducing greenhouse gas (GHG) emissions to zero by 2050 and could reach 130GW to 160GW in cumulative deployments by the 2030 financial year.
Around 1GW of solar projects are to be developed by Better Energy in Denmark and Poland after the renewables company secured what it describes as a “historic agreement” with a Danish pension fund.
Energy storage systems were historically used for grid balancing purposes within Europe, limiting their use to such applications or to be considered as “auxiliaries” to renewable generation assets. However, as market prices evolve and new revenue streams emerge, stakeholders must discover the diverse applications that such systems can tap into, writes Naim El Chami
