With industry heavyweights eyeing up developments of solar-wind-storage projects, Liam Stoker uncovers what’s really driving hybrid power plants, and the hurdles that must be surpassed to deliver them
Blocking of green energy projects paralyses
What intends to be Australia’s largest solar farm has edged one step closer to deployment after its developer Neoen clinched a major offtaker agreement.
Firm believes long-term renewable growth is assured but trims €400m EBITDA guidance for next year, amid talk of pandemic disrupting construction timetables.
Revenues from firm’s solar assets overtook wind’s in 2019 and accounted for nearly half of full-year turnover, with large projects in Mexico, Argentina and others set to go live in 2020.
Development finance duo sponsor US$154m scheme to support government of drought-stricken African nation as it deploys 100MW green energy pipeline with the help of feed-in tariffs.
Neoen, Solarpack, Total Eren, EDP among those pre-selected to develop 200MW PV installation in Manabí province, poised to kickstart dormant solar scene in Andean state.
The French developer's solar business has grown 69% in the first nine months of 2019, generating nearly €90 million of revenue, while wind revenue has fallen.
Strong PV growth was 'chief driver' of 24% rise in group-wide EBITDA between H1 2018 and H1 2019, says IPP as it notes this year’s European tender milestones.
The Goyder South project mixing wind (1.2GW), solar (600MW) and batteries (800MW) is the latest of a deluge of enormous solar-plus-storage schemes proposed in the sunny island state.
The Victoria government has released new planning guidelines for large-scale solar farms to ease tensions between solar developers and local communities, but they are yet to come into effect.
IPP’s success bagging 15-year PPA for ‘very advanced’ project north of Lisbon comes as consultants say tender’s record-low prices underscore greater appetite for merchant risks.
The South Australian state gov has greenlit Neoen's A$500m hybrid renewables project. Plus: More than one-third of Queensland households now have rooftop solar, according to new report.
Neoen’s 128MW Numurkah Solar Farm will help offset emissions from Melbourne trams and steelworks factory under a 15-year PPA.
Free-market success will require accepting merchant risks and even ‘reverse subsidy’ logic of paying for grid access, say developers, investors and utilities gathered at Munich event.