Deal between developer Solar Ventures and private equity outfit Zouk Capital underscores rising market confidence in Italy as home to unsubsidised PV after years of standstill.
Government adamant it will ‘not only meet, but also exceed’ 175GW-by-2022 goal despite predictions to the contrary by CRISIL, which warned policy swings are putting off investors.
Cabinet deal enshrines solar as top renewable source in a decade's time but PV operators believe ambition falls short of level required by climate change.
Utility and subsidiary of Warren Buffett’s Berkshire Hathaway Energy aims to add 6.3GW of PV and 2.8GW of batteries by 2038, with storage part of ‘low-cost’ calculations for the first time.
Maturation of solar asset class into subsidy-free venture in some markets could see industry become better fit with utilities comfortable with power price swings, firm says.
China-backed Cauchari complex hits one-million-panel mark after completion of second and third stages and could see Jujuy province produce 3GW of solar power within 10 years.
Coastal scheme just northwest of capital Montevideo could cost upwards of US$35 million and should be operational by March 2021, government tells PV Tech.
