A Joint venture between Enel subsidiary Enel Green Power (EGP) and Dutch Infrastructure Fund (DIF) has begun construction of the 137.7MW Bungala Solar One plant, which is located near Port Augusta in South Australia. EGP is set to bag a US$1.35 billion deal on 1.7GW of solar and wind projects in Mexico.
The Indian solar industry expressed shock recently when it emerged that multiple Chinese PV manufacturers had been reneging on supply contracts to India, but it seems this strategy may have been a comeuppance for historic behaviour on the part of some Indian developers.
Yesterday’s record-breaking bid opening in Saudi Arabia for 300MW of solar has grabbed headlines, including on PV Tech, but while the exact parameters of the RfP remain covert, the bid levels have sparked debate about whether such low prices can be possible without some kind of escalating tariff mechanism or other distortion.
UPDATED: Saudi Arabia’s 300MW solar tender has seen opening bids go lower than two US cents, setting the tone for a new global solar power tariff record if awarded.
The European Bank for Reconstruction and Development (EBRD) is providing a US$28.5 million loan for a 50MW solar project in Egypt’s Aswan Province, which is being constructed by Saudi-based firm Alfanar Energy.
Foresight Group, an independent infrastructure and private equity manager, has acquired the 110MW Bannerton Solar Project in Victoria, Australia on behalf of Foresight Solar Fund Limited (FSFL), KDB Infrastructure Investments Asset Management and Hanwha Energy.
Some of the industry is at loggerheads and many feel local manufacturing must be intrinsic to the 100GW by 2022 solar target, but the value of trade duties is under dispute.
Italian renewable energy company Falck Renewables has officially entered the US solar sector, with the company announcing that it has acquired a 92MW PV project in North Carolina from Canadian Solar.
