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Brazil's energy regulator ANEEL has rejected requests from developers seeking more time to complete the country’s first large-scale solar farms. They signed up for delivering the plants in 2017, but sought extension of that deadline in light of currency, credit and political risks.
After a delay of more than one month, rules for the second auction for RE projects in El Salvador have been published. 100 MW of solar energy will be auctioned. Recently the InterAmerican Development Bank announced additional financing for the 100 MW Providencia Solar project, which is expected to be the first large utility-scale solar project in El Salvador.
As excitement builds around the potential PV market in Iran, German consultancy company Planet in Green agreed a 20 year power purchase agreement for a large-scale PV plant near to Tehran.
ABB has commissioned five substations that will integrate 648MW of solar photovoltaic project in southern India to the national transmission grid. ABB supplied two 230 kilovolt (kV) and three 110 kV outdoor switchyards to connect to the local transmission grid.
Bloomberg New Energy Finance (BNEF) projects that in most countries, solar PV will be the cheapest form of new electricity generating capacity by 2030. It predicts several major shifts in power markets.