On our 'Market Parity Watch' page we include interesting and insightful articles and content from around the web, related to solar market parity. Be sure to sign up for updates if you'd like to be informed on this topic and our event over email.
PV Magazine - New measures under preparation by the Spanish government include the setting of a calendar for new auctions, elimination of the solar tax and support for community solar and PV irrigation projects. Spanish developer X-Elio has secured a PPA for two 50 MW solar projects in the southern region of Murcia.
PV Magazine - The subsidy free mega project is entering the next stage of its development. Funding is expected to be finalized in 4Q 2018 and commissioning in 2020. The project, funded by the European Fund for Strategic Investments (EFSI) will retail its electricity on the spot market, but will be secured through a financial hedge.
The Energyst - Kingfisher will this month start using solar and battery storage to provide grid services. While making money from helping to balance the grid is a bonus, it comes a distinct second to the firm’s ambition to cut carbon, consumption and and cost, says head of carbon and energy, Jeremy Parsons.
PV Magazine - Including the latest three projects, the country’s total approved large-scale solar capacity has surpassed 1 GW. The developer is Escalabis Solar and total investment is expected to reach €81 million.
Energy Post - The largest solar power plant ever proposed in the UK will be reviewed by the secretary of state within the next six months. The plan is for Cleve Hill to generate the lowest cost electricity on the UK network without needing subsidies to stay afloat.
Renewable Energy Magazine - The inauguration of WElink Energy’s solar plant located in Ourique, southern Portugal, was held on Thursday 26th July 2018. The plant, which began construction in July 2017 and has been in operation since June, is the first plant on the Iberian Peninsula, and one of the largest in Europe, to develop without public subsidies.
PV Magazine - The solar plant was commissioned last week in Ourique, southern Portugal. The project was developed by UK-based renewable energy company Welink and Chinese engineering services provider China Triumph International Engineering (CTIEC).
SolarNovus - This PPA is one of the first subsidy-free PPAs in the U.K., and it enables Doncaster Rovers to directly purchase the solar energy produced at rates 25% below grid-supplied energy prices. The PPA has also been expanded to include the older 50 kWp array – owned by the football club – into the terms of agreement.
Foresight Group - Foresight Group (“Foresight”) is pleased to announce construction has commenced on its third subsidy-free solar asset in Iberia (“the Project”). The 10MW cluster, Escalonilla Norte and Escalonilla Sur, is located in the municipalities of Escalonilla and La Puebla de Montalban (Toledo), Central Spain.
PV Magazine - Solaria Energía y Medio Ambiente, S. A. has announced a global solar PV project pipeline of 2.3 GW, 1.3 GW of which will be deployed in Spain. Construction work is set to begin this year.
PV Magazine - With her first official announcement, Spain’s incoming Minister of Ecological Transition, Teresa Ribera has made it clear that the previous government’s reviled tax on distributed generation array, the so-called ‘sun tax’ will be eliminated. At the same time, she has confirmed her support for more ambitious EU renewable energy targets.
PV Magazine - Subsidy-free solar PV plants have generated buzz in the UK, with some plants commissioned and others planned to be developed outside of any public remuneration scheme. pv magazine explores whether the UK solar industry is ready to embrace the trend in bulk soon.
PV Magazine - After securing a financial hedge for its Talasol solar plant in January, Israeli solar company Ellomay has now entered agreement with Deutsche Bank for the structuring of non-recourse senior debt financing for the project.
In light of our upcoming ‘Solar Market Parity Europe’ conference, we interviewed Michele Appendino, the Chairman and CEO of Solar Ventures, an Italy-based, but internationally operating, independent power producer.
PV Magazine - The Spanish power trader is planning to build its first large-scale solar power plant in the region of Murcia. The facility is intended for self-consumption and to be financed with own funds.
In order to show the market potential of merchant solar around the globe, Solarplaza has compiled an overview of the top 15 solar merchant plants that are currently active and selling power on the spot market.
Business Green - The UK's attractiveness to renewable energy developers has improved considerably over the last six months, thanks to brightening prospects for renewables developers finally able to generate returns on subsidy-free projects.
Sun&Wind Energy - Huawei and BayWa r.e., have signed a deal to build Don Rodrigo, which will become the biggest single-site PV plant in Spain and the first truly subsidy-free fully commercialized utility-scale PV plant in the world. Huawei will provide its fully digitalized Smart PV Solution complete with a combination of SUN2000-60KTL and SUN2000-100KTL inverters.
EIN News - Hive Energy has confirmed plans to develop 1.5GW of solar projects across Spain. Earlier in the year, the renewable energy company secured landmark planning approval for its El Salobral project, Andalucia’s first subsidy free 45.6MW solar park in Espejo, Cordoba.
PV Magazine - Having developed in excess of 1 GW of solar projects in Europe and Australia over the past few years, EEW will leverage its experience in solar project development, project financing and finance structuring, technology expertise and establishing local relationships to drive its growth in Spain.
PV Magazine - The solar park will be constructed in the municipality of Alcalá de Guadaíra, in Spanish southern region of Andalusia. The facility will sell power to Norway-based power provider Statkraft.
PV Magazine - The U.K. investment firm will sell power to Sardinia-based power provider, Ego. The five solar plants will be located near Cagliari and are expected to be operational in the third quarter of this year.
PV Magazine - The facility, which will power the company’s headquarters, will raise its power production for self-consumption by 50%. The installation will also deliver part of its power surplus to other companies of the group and to the spot market.
The French corporate and investment bank acquired the project from Hyperion Renewables via its unit for responsible investment solutions, Mirova. The project has already secured a 10-year PPA from local power distributor, Axpo Ibéria.
PV Magazine - The power purchase agreement (PPA) relates to large-scale PV projects planned to be operational by 2020. The buyer of the power generated by the solar facilities is Spain’s power provider, Audax. 495 MW of the capacity will be located in Spain, while the remaining 165 MW will be installed in Portugal.
China’s Renesola and Germany-based Green City Energy have formed a joint holding company, which will develop a combination of solar projects with and without government subsidies. The current French pipeline includes four PV projects totaling 69 MW.
ALT ENERGY MAG - Company targeting 1 GWp of solar PV in Italy and Spain over five years -Thanks to the arrival of power purchase agreements for photovoltaics, Italy is now in market parity, marking huge long-term potential.
The Italian utility has started approval proceedings to build six “grid-parity” projects totaling 257 MW in the region of Extremadura, while the U.K.-based developer is planning to build a 45.6 MW solar plant for the spot market in Andalusia.
NewEnergyUpdate - Bullish wholesale price assumptions may overvalue equity returns for merchant solar plants and owners should consider storage coupling to boost economics, Pietro Radoia, Solar Analyst at BNEF, told the PV Operations Europe 2018 conference.
PV MAGAZINE - In a short conversation with pv magazine, the CEO of Italy-based consultancy, Prothea Srl has provided more details on the 500 MW Italian pipeline of market parity PV projects, which it has jointly announced with Limes RE.
PV MAGAZINE - Octopus Investments, part of the Octopus Group and the largest commercial solar investor in Europe, has completed the refinancing of 5 solar projects with 64MW of generation capacity near to Montalto di Castro in the Lazio region of Italy.
PV MAGAZINE - The Talasol project, which the Israeli solar company acquired in May, plans to sell power to the Spanish spot market starting from 2020. The financial hedge will cover the supply of between 3,500 GWh and 3,700 GWh for a 10-year period.
PV MAGAZINE - These projects would be developed without direct public incentives and would sell power to the spot market – an option still considered unviable by the local renewable energy sector – or through private PPAs. Meanwhile, local power provider, Axpo Iberia has agreed to buy electricity from a 28 MW solar facility planned in southern Portugal under a 10-year PPA.
PV Magazine - The British investement firm said its 3.9 MW solar facility currently under construction in the southern region of Murcia will sell electricity to the power provider Energya-VM under a 10-year PPA.
AQUILA CAPITAL - The projects are located in central and southern Portugal and will have an installed capacity of over 170 MWp. Construction of the projects is scheduled for completion by the end of 2018.
PV MAGAZINE -José Donoso, the president of Madrid-based solar association UNEF, recently spoke to pv magazine about Spain’s latest renewable energy auction, under which 3.9 GW of solar was allocated. He also talked about the spot market, private PPAs and the ways in which future auctions can facilitate the further development of large-scale solar.