In recent years the solar industry has seen some of the largest and cheapest contracts awarded in the MENA region. But with concerns over component price and availability, what can the industry expect from the solar sector in the MENA region in the medium-term?
Prices of solar-plus-storage systems to be deployed on France’s island territories have fallen once again in the country’s latest auction, dipping below €100/MWh (US$122.75/MWh).
Investment in new solar capacity fell in the first half of 2020 by 12% year-on-year to US$54.7 billion as the COVID-19 pandemic hit both project financing and scheduled auctions.
Spain’s PV industry has welcomed government approval of a package of legislative measures aimed at speeding up the country’s transition to 100% renewables.
Inverter failures and the prevalence of auction-based mechanisms for large-scale solar projects are placing pressure on solar operations and maintenance (O&M) prices, a new report from Wood Mackenzie has found.
JP Morgan’s majority-owned multinational independent power producer (IPP) Sonnedix has brought online a 38.7MW PV plant in southern Japan, while an analyst has said the country’s solar industry continues to target cost reductions to bring it in line with global levelised cost of energy (LCOE) figures.
Government tells PV Tech 700-800MW new solar tender is expected to launch in late March 2020 and will feature third bidding option for projects proposing energy storage element.
German firm gets support for ready-to-build 42MW pipeline at 750MW auction held on 10 December, which is set to award US$950m in CfD payments over 17-year period.
