While recent solar auctions in Spain and Portugal have made headlines with low prices and high levels of participation, the power purchase agreement market will be key to helping both countries reach their 2030 solar deployment targets, it was suggested during a panel discussion.
LONGi Solar will supply its high-efficiency modules to two projects in Malaysia totalling 190MW that were awarded in the third round of country’s large-scale solar tender programme.
Malaysia’s installed solar capacity is expected to increase fourfold by 2030, driven by a successful tender policy and improved financing incentives, according to a new report from Fitch Solutions.
The Federal Energy Regulatory Commission (FERC) has announced key decisions this week providing clarity and to solar developers within the US, and signalling state support further down the line.
The Global Wind Energy Council (GWEC) and Global Solar Council (GSC) have called on Mexican lawmakers to prevent changes to the country’s Electricity Act, Ley de la Industria Electrica (LIE), which pose what they call “an unequivocal threat" to private investment in clean energy.
There exists a significant opportunity for developers to capitalise on Portugal’s upcoming solar auction to deploy floating PV on the country’s reservoirs, according to panellists speaking at the Solar Finance and Investment Europe online event.
Adani Green Energy has secured 3GW of PV capacity in a 6.4GW solar auction in the Indian state of Andhra Pradesh that saw higher tariffs than other recent tenders in the country.
The results of Spain’s auction this week for 3GW of renewables capacity have been widely welcomed by the country’s solar sector, but calls have been made to tweak future auctions to support smaller-scale projects as well as encourage the participation of bids with energy storage.
Solar PV bidders secured two-thirds of allocated capacity in the first of Spain’s new renewable energy auctions, which was held yesterday (26 January) and was more than three times oversubscribed.
This year is set to be a record-breaker for renewables auctions in Europe, as countries across the continent look to increase clean energy deployment to reach 2030 emissions reductions targets.
