Project in Sardinia (5MW) emerges as sole PV winner of 500MW auction dominated by wind power (495MW) but industry representatives believe solar future is subsidy-free.
New PV and wind could outcompete most existing fossil fuel capacity by 2025, outfit predicts as it lays out timetable for the 5.8GW renewable project backlog it amassed last year.
Renewables, energy storage and grid assets are all being considered as top investor bags institutional backing for FEIP fund from the EIB and other investors.
Middle Eastern state starts taking in applications for PV scheme that may include storage element, with tender documents suggesting bidders could have to prove storage expertise.
State’s energy commission waves through roadmap by utility SMUD to install 1.5GW of utility-scale solar, 600MW of rooftop PV and 560MW of utility-scale energy storage by 2040.
400MW solar plant features 300MW/1,200MWh battery storage system and marks the fourth solar collaboration between the Swiss asset manager and the Californian IPP.
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.
Industry association GÜNDER tells PV Tech it expects mix of large-scale tenders and net metering support for smaller systems will drive annual gigawatt-scale growth starting this year.
