The PPA price for pure photovoltaic projects has fallen by 20% over the past year, making such contracts less competitive. However, clear structures for bankable hybrid PPAs are now beginning to take shape, says Pieter van der Meulen, Senior Account Manager at LevelTen Energy, in an interview with pv magazine.
The International Energy Agency (IEA) said global solar capacity additions are projected to average 540 GW a year through 2035, as outlined in its World Energy Outlook 2025 report.
With the latest additions, the company’s cumulative commissioned capacity crosses the 1 GW milestone.
Sunsure Energy has signed a long-term agreement for supplying hybrid renewable power combining solar and wind to Deepak Fertilisers And Petrochemicals Corp. Ltd’s facility located in Raigad, Maharashtra.
The Chinese manufacturer said the product line includes five models with outputs ranging from 25 kW to 50 kW, supporting charge and discharge currents of up to 150 A.
Reliance Power arm, Reliance Nu Energies, has received the letter of award for the largest allocation in SJVN’s tender for 1,500 MW/6,000 MWh firm and dispatchable renewable energy. It secured 750 MW/3,000 MWh, representing 50% of the total tender allocation in the competitive bidding based online auction process.
ACME Solar Holdings (ACME Solar) has been awarded 450 MW capacity for assured peak supply of 1,800 MWh (450 MW × 4 hours) from renewable energy projects connected with the interstate transmission system. It secured the capacity in SJVN’s FDRE-IV tender by placing a winning tariff bid of INR 6.75/kWh for 25 years.
The Solar Energy Industries Association (SEIA) says more than half of all power capacity planned through 2030 is under threat from mounting political interference that could stall US renewable deployment.
Sembcorp will develop around 750 MW of renewable energy capacity, supported by battery energy storage systems, to ensure a firm and dispatchable supply of renewable power to SJVN.
A 2 MW solar park in Wallonia, Belgium, will rely 50 kW of hydrogen-producing solar modules developed by Solhyd, a spin-off from KU Lueven. The installation will be the first demonstration of Solhyd’s technology at a commercially-relevant scale.
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