California generates more power from solar than gas in May
During May utility-scale solar provided 17% of generation on California’s grid, outpacing gas for the first time on a monthly basis.
“New wave” of PPAs breaks, Flow Power signs Kiamal Solar Farm offtake agreement
Commercial electricity retailer Flow Power has signed an offtake deal through to 2030 for a quarter of the production from the Kiamal Solar Farm, in Victoria. Total Eren – developer of the $90 million, 200 MW project – has now signed three bilateral PPAs with offtakers – pointing the way for project developers as large-scale solar’s competiveness continues to grow.
China: 2018 installations could drop by more than a third
On Friday, three Chinese government ministries issued a joint “2018 Solar PV Power Generation Notice.” Its impact has been hotly debated since, with two key conclusions: the largest market segment – utility-scale PV – will take a pounding and not come close to last year’s record installation figure of just under 34 GW; and the expanding distributed generation market segment, which rose 360% from 2016 to 2017, will also be severely impacted by a 10 GW cap on new projects.
China PV slowdown could prompt deep module price falls in Q3
New policies affecting all solar market segments in China are likely to lead to production overcapacity in the second half of 2018. The new regulations, announced June 1, will likely see the Chinese market decline from an expected 40-45 GW to 30-35 GW for the year, analysts report.
Bungala Solar Project starts generating to grid
A 45 MW portion of the Bungala solar farm has begun feeding electricity into the grid. The entire first phase of the project – a 137.7 MW PV plant – is expected to be completed in a few months.
CEC: Clean energy industry sees banner year in 2017, major breakthrough to come in next two years
With an unprecedented rollout of rooftop solar reaching 1.1 GW and around 700 MW of large-scale renewable energy projects completed and connected to the grid, last year was an important turning point for Australia’s clean energy industry, shows the Clean Energy Council in its latest report. However, seven times bigger capacity of utility-scale projects with financial support or under construction at the year’s end is poised to eclipse 2017.
Snowy Hydro wants to procure 800 MW of solar, wind
Australia’s energy utility Snowy Hydro has invited potential energy suppliers to submit their proposals with the aim to contract up to 400 MW of wind and 400 MW of solar generation.
Lyon partners with Fluence, JERA to develop large solar+battery projects
Looking to pursue utility-scale battery storage opportunities in Asia Pacific markets, the Australian renewable energy developer, the US-German joint venture and the Japanese joint venture have entered into a collaboration agreement, under which their first task will be to develop three integrated solar and storage projects in Australia, including what would be by far the world’s biggest battery.
Partners Group, CWP Renewables come together for 1.3 GW renewables platform
The Swiss investment manager and the Australian renewable energy developer stand ready to deliver a total of over 1.3 GW of solar, wind and battery projects across New South Wales within the next four years.
Hyundai Heavy Industries returns to Australian solar market
On the back of a $70 million distribution agreement, Hyundai Heavy Industries Green Energy is re-entering Australia’s solar market, eyeing a strong pipeline of opportunities.
