Adani Green Energy announced the completion and commission of their 648MW solar PV plant at Kamuthi, in the Indian state of Tamil Nadu. The plant, that required a $679m investment, is claimed to the world's largest solar PV plant, at a single location. It covers 5,000 acres and includes 25 million solar panels, 576 inverters, 154 transformers and 6,000km of cables.
"A plant of this magnitude reinstates the country's ambitions of becoming one of the leading green energy producers in the world." (Gautam Adani, Adani Group)
After opening 6 bids for a 350MW solar PV plant, Abu Dhabi Water & Electricty Authority received a record low bid of 2.42 $c/kWh from a joint effort ofJinkoSolar & Marubeni Corp. The Abu Dhabi authority is still evaluating bids for the plant that they plan to see operational by Q1 2019.
"Project developers may be betting that equipment costs are going to fall in the next years at the same rate they did in the past five. The low penalty fees are certainly allowing them to take this bet." (Pietro Radoia, BNEF)
Thanks to rapidly declining technology costs, the business case for PV is stronger than ever, according to IRENA's latest report. The study shows that installed costs for power generated by large scale PV plants have dropped by as much as 61% since 2012.
"In recent years, solar PV costs have dropped dramatically and will continue to do so with further declines of up to 59 per cent possible in the next ten years." (Adnan Z. Amin, IRENA)
The South African developer was selected by the Ghanese government to develop, own and operate a 20MW solar PV plant in the West African country. Recently, BioTherm Energy also secured 34MW of PV projects in Burkina Faso and 284MW of RE projects in South Africa.
SunPower CEO Tom Werner says his company is using drones, software and other innovative tech to be able to cut operating costs of their plants by as much as 30%.
"We are in a transition period in the solar industry where the strongest companies are going to separate themselves from the rest of the pack" (Tom Werner, SunPower)
Israel's Finance Ministry is reportedly planning to launch a tender for the development of a 500MW solar PV plant in the southern Negev desert. Already the government is in a further process with a tender round for a smaller 40MW PV plant nearby.
“The photovoltaic (PV) field will be unprecedented in size for Israel, covering about 6 square kilometers (2.3 square miles) of land near the town of Dimona” (Israel Finance Ministry)