State-owned hydropower producer THDC and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) will develop the solar park in the Jhansi district of Uttar Pradesh through a joint venture with an equity participation ratio of 74:26.
The Antípodas project was announced by the Chilean government last week. It is aimed at taking advantage of the huge solar potential of the Atacama Desert, which is the world’s region with the highest solar radiation.
The open-access solar project under group captive mode will supply power to one of the global pharmaceutical companies.
Virescent Infrastructure shall use the proceeds primarily to refinance special-purpose vehicle (SPV) level debt and fund future acquisitions.
The PV project, located in Parasan Solar Park of the Jalaun District, benefits from a 25-year power purchase agreement with the Uttar Pradesh New and Renewable Energy Development Agency at a tariff of INR 2.68/kWh.
The increase in the financial layout will help accommodate more manufacturers under the government’s production-linked incentives scheme to support gigawatt-scale manufacturing of high-efficiency solar modules.
The company’s board of directors have approved the formation of a wholly-owned subsidiary for solar PV, wind and hybrid power generation (including battery energy storage systems), green hydrogen, and other renewable energy ventures.
The Sun Horizon consortium has started to collect performance data on two pilot projects that combine heat pumps with solar systems using hybrid panels on homes in Riga, Latvia. The solution features a heat pump for space heating and domestic hot water and PVT panels to produce power for heating and domestic appliances, with excess power fed to the grid.
In a new report, experts from the International Energy Agency Photovoltaic Power System Programme (IEA-PVPS) have assessed the economical and environmental benefits of repairing and reusing or replacing solar modules that are not complying with a 30-year expected lifetime. They found that reusing offers the best environmental impact in all cases, while the profitability of this option is currently guaranteed only by rooftop PV under certain conditions. As for large-scale solar, module replacement remains the most competitive option.
New investors and technological complexity demand new approaches to O&M service provision, argues NovaSource’s Timo Moeller. With larger PV fleets and the ability to process the operational data of generation, pure-play O&M may continue to deliver on solar’s cost learning curve.
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