utility-scale

Hive Energy has confirmed it is the developer behind ambitious plans for a huge solar farm on the north Kent coast, UK, which could have a final generation capacity in excess of 350MW.

A US$0.40/W tariff would halve utility-scale deployment in the US between 2018-2022, according to GTM Research.

UK solar and wind asset owner Greencoat Renewables is eying an IPO to raise as much as €250 million (US$280 million) to pursue additional wind and solar projects across Europe.

Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.

Wind and solar power produced more than 10% of the electricity generated in the US for the time in March, according to new analysis by the Energy Information Administration (EIA).

Azure Power, one of India’s largest independent power producers, has commissioned a 100MW solar park in Andhra Pradesh that was auctioned by the NTPC.

UK alternative investment firm Ingenious has teamed with Australian developer Stellata Energy for a landmark joint venture to develop large-scale solar energy in Australia, including a flagship 120MW ground-mounted project.

French solar developer Neoen is developing the state of Washington’s largest solar PV project to date – a 20MW site to be built on former Hanford Nuclear Reservation land near Richland.

The European Bank of Restructuring and Development (EBRD) is financing a second solar park in Kazakhstan following the 50MW Burnoye Solar 1 established in April 2014.

Following on from the successful year for solar that was 2016, the US market added 2,044MW of new capacity in Q1 2017 alone. As installations grow, prices continue to fall to new lows and utility-scale system prices dropped below US$1/Watt for the first time according to GTM Research.