High development costs and an unstable regulatory environment have increased average solar power purchase agreement (PPA) prices in Europe to a new high of €76.84 (US$82.4)/MWh in Q4 2022.
Sky-high electricity prices and an increasing urgency to curb fossil fuel led to a surge in European solar additions last year. Jules Scully charts how the continent’s ongoing energy crisis is affecting EU renewables policy and PPA appetite.
The American arm of bp, through its 50:50 joint venture partner Lightsource bp, has begun construction on a 134MW solar project in Fulton County, Ohio.
Latin America-focused solar developer Atlas Renewable Energy has secured a US$210 million loan from the Brazilian Development Bank (BNDES) to finance its 438MW Boa Sorte solar project in Brazil.
The renewable energy subsidiary of Indian integrated power company Tata Power has announced plans to develop a 255MW hybrid solar and wind project in the state of Karnataka, India.
Many of France’s large-scale solar projects have had to be set aside temporarily due to pressures from the energy crisis causing poor access to equipment and a rise in the levelised cost of electricity.
The fifth bidding round of South Africa’s Renewable Energy Independent Power Producers Procurement Programme has signed power purchase agreements with 13 solar PV projects.
Scatec, the Norwegian independent power producer (IPP), has signed 273MW of power purchase agreements (PPAs) for solar projects in South Africa under the government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
Spain is on track to install more than 4GW of utility-scale solar in 2022, a 25% increase on last year’s figures, according to José Donoso, head of the country’s PV association, UNEF.
