Tags Posts tagged with "solar PV"

solar PV

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Ingeteam is boosting its international growth with the opening of a new branch in the United Arab Emirates. With this expansion, the company has consolidated its global position with its presence in 23 countries. The branch, based in the emirate of Abu Dhabi, is initially directed at the solar PV and energy storage business, due to the good positioning of Ingeteam in the sector.

The United Arab Emirates currently boasts the world’s largest solar PV plant with a single connection point, with an installed power of 1,177.36 MW. This plant, named Noor Abu Dhabi, is located in the town of Sweihan and is equipped with Ingeteam PV inverters and Inverter Stations, supplied as a centralized turnkey solution for medium voltage power conversion.

Ingeteam has also supplied its power conversion system (PCS) to this country for a pilot project in Dubai, representing the first energy storage system in the United Arab Emirates to be coupled to a large-scale PV plant. This battery system is part of the largest solar complex in the world: the Mohammed Bin Rashid Al Maktoum solar park.

Ingeteam’s branch already has a sales department and after-sales service that covers the entire Middle East as well as North Africa. With this opening, Ingeteam is consolidating its dominant position as a supplier of power converters and provider of operation and maintenance services for renewable energy generation plants in the MENA area, where the company has already supplied more than 1,800 MW.

Source: Ingeteam

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Global solar PV installations will continue double-digit growth rates into the new decade, according to the new 2020 Global PV Demand Forecast by IHS Markit. New annual installations in 2020 will reach 142 GW, a 14% rise over the previous year.

The expected 142 GW are seven times that of the entire capacity that had been installed by the start of the prior decade (20 GW in 2010). The growth has been substantial in terms of geographic reach as well. There were 7 countries with more than 1 GW of installed capacity in 2010, most of them confined to Europe. IHS Markit expects more than 43 countries to meet that threshold by the end of 2020.

Another year of double-digit global demand growth in 2020 is proof of the continued and exponential growth of solar PV installations in the last decade,” said Edurne Zoco, director, Clean Technology & Renewables, IHS Markit. “If the 2010s were the decade of technology innovation, steep cost reductions, large subsidies and dominance by a few markets then 2020 marks the decade of emerging unsubsidized solar, diversification and expansion of solar installation demand across the globe, new corporate entry players and increasing competitiveness versus conventional energy sources.

Large markets such as China will continue to have an outsized share of new installations into the foreseeable future. However, the overreliance on China for global solar installation growth will continue to decrease in coming years as more capacity is added elsewhere. Installations outside of China, the world’s leading market, grew by as much as 53% in 2019 and are expected to continue growing by double digits in 2020. Overall, the top 10 solar markets are expected to see their collective share of the market fall to 73 %, down from 94% in 2010.

China will remain in the preeminent position as the overall leader in solar installations. But this decade will see new markets emerging in South East Asia, Latin America and the Middle East,” said Zoco “Still, the major markets will continue to be critical for the development of the solar industry, especially as test beds of technological innovation, policy development and new business models.

Regional highlights

China. Solar demand in 2020 will be lower than historic installation peaks of 50 GW in 2017. Demand in China is in a transitional phase as the market moves towards solar being unsubsidized and competing with other forms of generation and there is some lingering uncertainty while awaiting the release of the new 14th Five-Year Plan to be announced next year.

United States. Installations are expected to grow 20% in 2020, consolidating the United States’ position as the world’s second largest market. California, Texas, Florida, North Carolina and New York will be key drivers of U.S. demand growth over the next five years.

Europe. After nearly doubling installations in 2019, Europe is expected yet to continue growing in 2020, adding more than 24 GW—a 5% increase over 2019. Spain, Germany, Netherlands, France, Italy and Ukraine will be leading sources of demand, accounting for 63% of total EU installations.

India. Following a flat year in 2019, due to policy uncertainties and the impact of import duties on solar cells and modules, installations are expected to grow again and surpass 14 GW in 2020. Lower module prices and a large pipeline of projects are expected to spur the return to growth.

Source: IHS Markit

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Ingeteam has supplied its technology to a 240 MWp solar PV plant in Vietnam. The Xuan Thien Thuan Bac PV project is the largest one that Ingeteam has supplied to date for the solar sector in Southeast Asia.

The company’s supply comprised forty 5 MW Inverter Stations, two 3.4 MW Inverter Stations, 220 kV plant substation, string combiner boxes, SCADA system and the PPC (Power Plant Controller).

In total, this photovoltaic project, located in the province of Ninh Thuan, has an installed power of 240 MWp. This is the first order that Ingeteam has received from the Xuan Thien group in Vietnam which, up to now, had focussed its activities on the construction of hydropower plants.

The Inverter Station made by Ingeteam is a turnkey solution comprising the PV inverters and all the low and medium voltage equipment, all supplied ready for immediate field connection. Ingeteam has also developed the transmission substation for the Xuan Thien Thuan Bac PV plant with a 220 kV output, and the protection, supervision and communication systems, as well as the EVN interface and the plant control system (PPC).

In 2019, Vietnam has positioned itself as the market reference in Southeast Asia’s solar sector, given that it will close the year with 5.5 GW of installed PV power, which is almost half of all the power that has been installed this year in this region. This boost to solar energy goes hand in hand with the minimum price guaranteed by the government in the form of a feed-in tariff.

The Xuan Thien Thuan Bac PV plant, which is set to be connected at the end of January 2020, will avoid the emission into the atmosphere of 28,000 tons of CO2 per annum.

Source: Ingeteam

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During the UN Climate Change conference in Madrid, COP 25, the European Investment Bank (EIB) has announced that it has invested EUR 76.5 million in one of the largest solar projects in Spain, demonstrating its strong commitment in regards to the promotion of clean energy production in the country. The project is sponsored by Encavis AG, a leading independent producer of renewable energy, and Solarcentury, a global integrated solar power company, and comprises the construction and operation of a 300 MWp photovoltaic solar plant in the cohesion region of Extremadura, more specifically in the municipality of Talayuela. The transaction is supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe, also known as the Juncker Plan.

At 300MWp, the Talayuela Solar plant will be one of the most powerful solar projects in Europe, capable of producing enough energy to power around 150,000 households per year at a very competitive price. Moreover, the project will contribute to reducing CO2 emission by more than 171 kt CO2-e/year and approximately 400 people will be employed during the construction phase.

The EUR 228m project has secured a project financing from the EIB and Deutsche Bank for an aggregate amount of c. EUR 165m, which reached financial close at the end of November. The Talayuela Solar Plant is one of the first greenfield renewable energy projects to be financed in Spain without any form of government/public support. The Project entered into a 10-year financial Power Purchase Agreement (PPA) in September 2019, which hedges the off-take price for approximately 75% of the volume of the production. Following these developments, Encavis AG has provided Solarcentury with a notice to begin construction of the plant, which is expected to be operational in the second half of 2020.

The Talayuela plant is going to have a significant impact on the Spanish renewable energy market, helping the Iberian country to meet its renewable target of 20% of primary energy consumption to be generated by renewable sources by 2020. Moreover, the project contributes to the achievement of the Bank’s Climate Action objectives as well as to meeting the European Commission’s binding renewable energy target of at least 32% of final energy consumption by 2030.

Source: EIB

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Endesa, through its renewable energy division, Enel Green Power España (EGPE) has been awarded 72.4 MW of photovoltaic solar capacity in the Balearic Islands, within the framework of the concession auction for investment aid that was carried out by the Ministry for Ecological Transition and the IDAE, in collaboration with the Government of the Balearic Islands, financed by the European Regional Development Fund (ERDF). At this auction, aid was awarded for a total of 326.333 MW of new capacity in photovoltaic solar installations.

The 72.4 MW obtained by Endesa are added to the 879 MW of renewable power that were awarded in the auctions launched by the Ministry for Ecological Transition in 2017.

The company will invest approximately €60 million in the construction of the solar power awarded at this auction, an amount that adds up to a total investment of more than 800 million which represents the 879 MW obtained from the previous auctions.

Endesa estimates that the projects needed to develop this 72.4 MW amount will be operational before the end of 2022, generating approximately 114 GWh a year and avoiding the annual emission of around a few tons of CO2 into the atmosphere.

Endesa currently manages more than 6,983.8 MW of renewable capacity in Spain through its Enel Green Power España division. Of this figure, 4,710 MW are of conventional hydraulic generation and the rest, more than 2,273.8 MW, come from wind (1,843.8 MW), solar (337 MW), mini-hydro (79 MW) and other renewable energy sources (14 MW).

Source: Endesa

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Ireland is expected to attract massive investment as the country is set to add 5.8 GW of non-hydro renewable power capacity over the next decade to reach a total 9.6 GW by 2030 and account for 65% of the country’s installed capacity, according to the report from GlobalData, “Ireland Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive Landscape”. The report, reveals that to achieve a 9.6 GW non-hydro renewables capacity by 2030 Ireland will massively increase its investment in offshore wind and solar PV capacity.

During the forecast period, offshore wind capacity is set to increase from 25 MW to 1.9 GW at a compound annual growth rate (CAGR) of 48.8%, and solar PV will rise from 25 MW to 1.3 GW at a CAGR of 43%. During the same period, power consumption in Ireland will see a minimal increase, reaching 31.4 TWh in 2030 from 27.9 TWh in 2019 (a marginal 1.1% CAGR).

Ireland’s offshore wind and solar PV capacity, has considerable potential, which will push the contribution of renewable power to installed capacity to 62% by 2025 and 65% by 2030. This will open up new markets for wind turbines and modules for solar plants, as well as associated equipment required for transmitting generated power to the grid. The market for laying cables under the sea will also be a key business opportunity in the country.

This addition to Ireland’s renewable power capacity is being driven by various government incentives and policies intended to fill the void left by the phasing out of coal in 2025.

Renewable capacity expansion will necessitate grid modernization in order to manage much higher volumes of renewable energy with inherent variability. This, in turn, will involve huge investment in grid infrastructure along with the introduction of energy storage systems to enable a steady supply of power when renewable energy is unavailable.

With a minimal increase in power consumption expected, Ireland’s gas-based power capacity, which provides the country’s base-load power demand, combined with those new renewable resources with integrated energy storage systems are well placed to meet the country’s power demands over the next decade.

Source: GlobalData

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Iberdrola has been awarded 149 MW of photovoltaic solar power in Portugal, which the company will use to start developing this type of technology in the country. This capacity is divided between two regions (the Algarve and the Tajo Valley), under a public auction by the Portuguese Ministry of the Environment and Energy Transition through the General Directorate of Energy and Geology and organised by Operador do Mercado Ibérico de Energia (OMIP).

Iberdrola chairman Ignacio Galán said, after learning of the outcome of the biggest auction in the Portuguese energy sector in the last decade: “These new projects are an example of Iberdrola’s commitment to renewable energy sources as a way of contributing to the transition toward a decarbonised Europe”.

In this regard, Iberdrola has once again ratified its strong commitment to the transition toward a low carbon economy while consolidating its crucial role in the Portuguese energy market, where it is already leading the large consumer commercial sector with an almost 33% market share and a portfolio consisting of 300,000 electricity and natural gas customers (figures at the start of 2019).

The group is also making progress with thelarge-scale Támega project that consists of building three new plants (Gouvães, Daivões and Alto Támega), with total capacity of 1.158 MW and an investment in excess of 1,500 million euros.This important project is expected to be commissioned between 2021 and 2023, and will increase the companies installed power by 6%. It will be capable of supplying clean energy to 440,000 Portuguese homes.With the development of the Támega plant and the new solar capacity awarded, Iberdrola, which has succeeded in reducing its emissions in Europe by 75% since the year 2000, contributes to Portugal’s commitment to achieve carbon neutrality by 2050.

Source: Iberdrola

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Planta fotovoltaica de Amareleja desarrollada por Acciona / Amaraleja PV plant developed by Acciona

Portugal’s first-ever solar PV auction for 1.4 GW tender has received offers for 10 GW and 64 companies have shown interest to develop solar power projects. The overwhelming response from international and domestic developers has enabled Portugal to strengthen its claim as Europe’s emerging market for solar PV installations, says GlobalData.

Portugal has plans to achieve carbon neutrality by 2050 and aims to meet 80% of its total power demand from clean energy generation by 2030. In order to achieve these targets, the Government aims to harness the solar potential and targets solar PV capacity installation to be 1.6 GW in 2021 and 8.1 GW-9.9 GW by 2030.

The auction aims to have these large-scale solar projects in the southern zones of Alto Alentejo, Baixo Alentejo, and Algarve. This is a strategic move as South Algarve and the North Alentejo areas are among the highest solar radiation sites in Europe.

According to GlobalData, Portugal has 1.22 GW of solar PV capacity in the pipeline already which is under different stages of development. Installed capacity for solar PV is forecast to be 1.74 GW by 2023. Considering allocation of the current auction and second auction planned in January 2020, the capacity forecast for 2023 is set to go higher in the range of 3.8 GW-4.3 GW.

Source: GlobalData

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Global solar PV installations will reach a new high of 114.5 GW in 2019, up 17.5% on 2018, according to a new research from Wood Mackenzie. As noted in ‘Global solar PV market outlook update: Q2 2019’, the market is now back on a strong growth trajectory after a slowdown in 2018. Annual installations are expected to rise to around 125 GW per year by the early 2020s.

Global growth will continue despite a gradual slow-down in China, the world’s largest PV market. The Chinese market peaked at 53 GW in 2017, driven by generous feed-in tariffs. A move towards more competitive procurement of solar PV will lead to more sustainable annual additions of 30-40 GW.

Global PV market continues to diversify rapidly. Countries installing between 1-5 GW annually will be the market’s growth engine. In 2018, there were seven such markets. By 2022, there will be 19 – with new names including Saudi Arabia, France and Taiwan.

Auctions will remain the driver of growth in many global PV markets. Wood Mackenzie expects to see 90 GW of solar PV projects awarded contracts through auctions in 2019, up from 81 GW in 2018.

In India, auction activity is starting to recover after a slow-down caused by land and transmission constraints. In the U.S., announcements of new state utility IRPs, in Florida for example, are good news for the solar PV market. The European market will grow strongly as policy markets look to deliver on 2020 and 2030 renewable energy targets. In Latin America, Brazil looks to be the most exciting market of the moment, with both auctioned PPAs with distributors and free market contracts with large consumers on offer. In the Middle East, all eyes are on the upcoming 1.5 GW auction in Saudi Arabia, which is set to be extremely competitive.

China’s first solar PV auction produced staggering results

China recently announced the results of its first solar PV auction. A staggering 22.8 GW of projects awarded contracts in China’s inaugural auction. This is by far the world’s largest completed auction, with the next largest being the award of 3.9 GW of solar PV in Spain during July 2017. Awarded projects are intended to be connected by the end of 2019, facing tariff cuts for any delays.

Brazil overtakes Mexico for world’s lowest-priced solar PV contract

In June’s A-4 auction, Enerlife/Lightsource BP was awarded a contract for the 163 MW Milagres project for just 17.3 $/MWh, lower than the 18.93 $/MWh awarded in 2017 to Neon’s Pachamama PV project in Mexico.

Source: Wood Mackenzie

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Iberdrola is moving forward with its renewables strategy with the Francisco Pizarro project which, with 590 MW and an investment totalling more than €300 million, will become Europe’s largest photovoltaic solar plant.

Francisco Pizarro, which is now being processed by the Ministry for the Ecological Transition, will occupy a 1,300-hectare site falling within Caceres’ municipal areas of Torrecillas de la Tiesa and Aldeacentenera. During the construction phase and until the plant is commissioned in 2022, up to 1,000 people will be employed on the site. It will be larger than the Núñez de Balboa photovoltaic plant that Iberdrola is building in Usagre (Badajoz) which, with 500 MW, is so far the biggest in Europe.

The project will generate enough clean energy to supply 375,000 people every year, more than the total population of the cities of Cáceres and Badajoz; and will prevent the emission of 245,000 tons of CO2 into the atmosphere every year, evidence of the value of this technology to protect the environment and mitigate climate change.

More than 2,000 MW under construction and processing

With the addition of Francisco Pizarro, Iberdrola is now building or processing more than 2,000 MW in Spain, accounting for 70% of investments in the company’s plan for 2022, with a target of 3,000 MW in the country.

The remaining renewable projects under development in Spain are, so far, the following:

• In Cáceres, Extremadura, the Ceclavín (328 MW), Arenales (150 MW) and Campo Arañuelo I and II photovoltaic plants (50 MW each) are undergoing administrative processing.
• In Andalusia, Iberdrola is developing the 50 MW Andévalo photovoltaic project, located within the largest wind farm in Continental Europe, promoted and managed by Iberdrola.
• The Romeral 50 MW photovoltaic project will be built in Cuenca;
• In Burgos, Iberdrola has wind farms with installed capacity of 73 MW under administrative processing (Herrera’s wind farm complex and La Lora’s one).

In Spain, Iberdrola has more than 700 MW renewables under construction (the Núnez de Balboa photovoltaic plant and wind projects in three regions), expected to go into service between 2019 and 2020.

All these renewable plants will become the flagship for Spain’s leadership in Extremadura, Spain and the European Union in the transition to a more sustainable energy system.

Plan to relaunch clean energy in Spain

Iberdrola is the biggest producer of wind energy in Spain, with installed power of 5,770 MW, while its total installed renewable capacity, including both wind and hydroelectric, is 15,790 MW. The company has a total of almost 30,000 MW installed capacity around the world.

The activities underway are part of the clean energies relaunch plan designed by Iberdrola in Spain, entailing an investment of 8 billion euros between 2018 and 2022 and commissioning 10,000 new MW until 2030.

The plan will create jobs for 20,000 people, almost ten times the number working in traditional generation in the company.

These projects form part of the global investments that Iberdrola will make between 2018 and 2022, totalling 34 billion euros.

Source: Iberdrola

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