News
Virus-hit China slashes power prices for C&I consumers
Virus-hit China slashes power prices for C&I consumers
The impact of the policy will be absorbed by grid companies.
Mini-hydropower's potential gains ground in Malaysia
Fifteen bidders were awarded 176.79MW of capacity in December 2019.
Japan to amend electricity business law
Power companies would be forced to develop plans on working with other bodies during natural disasters.
Japan struggles in transition to competitive auctions
Bids for the fifth solar auction reached 185.6MW even with a 416MW size.
Indian competition watchdog clears NTPC‘s two acquisitions
It will wholly own the Northeastern utility NEEPCO.
Japan eyes tightening export policies for coal-fired plants
A review could be launched by end-June.
Hong Kong's CLP Holdings expands its non-carbon portfolio
It is exploring opportunities in the Greater Bay Area and India.
Australia greenlights 1,200MW wind project in Queensland
Construction could start in Q4 2020.
CIP's 600MW Taiwan wind farm reaches financial close
A syndicate of 25 banks funded the $3b transaction.
Japan to miss nuclear targets amidst industry headwinds
Nuclear is expected to take up only 8.4% of the power mix, well below the 20-22% target.
SECI's 1.2GW solar tender oversubscribed
A new clause on a change of laws was added to the tender.
800MW wind farm planned in Australia's New South Wales
The farm will be built by UPC Renewables and AC Energy.
AGL Energy scraps pumped hydro project in South Australia
It could not reach an agreement with the partner mining company.
Taiwan's solar PV installations could hit 20GW by 2025
6.5GW of total solar PV capacity is eyed by end-2020.
280GW of solar potential lies within India's reservoirs
About 18,000 sqkm can be utilised for floating solar PV development.India's reservoirs have 18,000 sqkm of area with the potential to generate 280GW of solar power through floating solar photovoltaic (PV) plants, according to a report by The Energy and Resources Institute (TERI).The report has calculated the potential for floating solar photovoltaics (FSPVs), or 'floatovoltaics', on the basis of 30% of the water surface area of the country's medium and large reservoirs. The report provides state-wise details of floating solar potential in the form of a web-based interactive tool called India Floating Solar PV-Tool, which has also been developed under this study. Its findings said that the state of Maharashtra has the most potential and can generate 57,891MW of electricity through solar PV installations on 3173 sqkm of water surface area in reservoirs.At present, ground-based installations form 93.1% of India's grid-connected solar PV sector. The installation cost of utility-scale solar PV in the country has reduced by 84% between 2010 and 2018, making India the country with the lowest installation cost for utility scale solar PVs.“However, solar PV deployment is quite land intensive and scaling up projects requires large chunks of contiguous land parcels, which has its own set of challenges. In order to keep the pace of development commensurate with India's national targets for solar capacity additions, alternatives such as floating solar need to be explored and established,” TERI said.
Canadian Solar sells Japanese solar power plant for $205m
It also proceeded to start on two solar PV plants in the Fukuoka and Ibaraki prefectures.Canadian Solar completed the sale of Yamaguchi Shin Mine, a 56.3MWp operational solar power plant in the Yamaguchi Prefecture in Japan, according to an announcement.Hana Financial Investment, a subsidiary of Hana Financial Group, acquired the solar power plant for an enterprise value of approximately $205m (JPY22.3b). The sale was originally planned to close in the fourth quarter of 2019 but was delayed due to regulatory and contractual obligations required to be met prior to closing the transaction.Yamaguchi Shin Mine reached commercial operation in May 2018 and is powered by Canadian Solar high efficiency modules. The electricity generated is being purchased by Chugoku Electric Power Company, Inc. at the rate of $0.32(JPY 36) per kWh for 20 years.Canadian Solar will continue to provide asset management as well as operational and maintenance services for the plant after the transaction. Additionally, a five-year profit sharing agreement is in place, enabling Canadian Solar to secure additional revenue after the sale should the power plant outperform agreed upon metrics.Two new solar plantsIn a separate announcement, Canadian Solar has started the construction of two solar PV power projects in Japan. The first is a 13.6MWp project in the Ibaraki Prefecture which is expected to generate approximately 15,901MWh each year. The electricity will be purchased by Tokyo Electric Power Co., Inc. (TEPCO) under a 20-year feed-in-tariff (FIT) contract at the rate of $0.29 (JPY32) per kWh. The company expects the project to reach commercial operation by mid-2021.The second project is a 13.0 MWp project in Fukuoka Prefecture. The plant is expected to generate approximately 15,250 MWh of solar energy each year, which will be purchased by Kyushu Electric Power Co., Inc. under a 20-year FIT contract at the rate of $0.33 (JPY36) per kWh. The project is also expected to reach commercial operation by mid-2021.
India's Andhra Pradesh eyes 10GW of solar plants
The state intends to give farmers nine hours of free electricity everyday.