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.
Further details surrounding Ireland’s long-awaited Renewable Electricity Support Scheme (RESS) auctions have been released, including critical compliance and process information.
Figures from energy watchdog RAE show latest PV-specific tender has triggered 148.64MW in bids, down from the 287.11MW pot of contracts offered by Athens.
Wood Mackenzie: Continent will grow to install annual 20GW within three years but shift to auctions and merchant exposure will see profitability come under pressure.
