Portugal's latest solar auction made headlines earlier this month as record-low negative bids were posted, with the results illustrating the value developers place on securing a grid connection and the strong potential they see in hybridising renewables assets.
UAE-owned renewable energy company Masdar has agreed signed a Memorandum of Understanding (MoU) with Kyrgyzstan’s Ministry of Energy to explore the development of renewable energy opportunities in the Central Asian nation.
Portugal will aim to increase the share of renewables in electricity production to 80% by 2026, four years earlier than previously planned, its new government announced ahead of the country’s latest solar auction.
Floating solar installations continue to grow globally, with Asia set to lead the way in the next decade, which presents significant opportunities for its combination with pumped hydro storage, according to a Fitch Solutions report.
India’s state-owned National Hydroelectric Power Corporation (NHPC) has signed an agreement with the Green Energy Development Corporation of Odisha Ltd (GEDCOL) for the development of 500MW of floating solar projects in the eastern state of Odisha.