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 - After receiving its cheapest bids for large-scale solar under a public tender a week ago, the Canadian province of Alberta is now ready to host two unsubsidized solar parks with a combined capacity of 57 MW. The developer, German renewable energy company Innogy, is in talks with local off-takers about signing a PPA.
PV Magazine - The Italian PV market grew 7% last year with new capacity additions of 437 MW. Of that figure, only about 47 MW was for installations larger than 1 MW – a clear sign rooftop PV is still driving demand.
PV Magazine - That was the one of the main conclusions reached among 400 attendees at the Solar plants in Spain: development, financing and energy future conference, organized by Soltec and PV association UNEF in Madrid this week.
PV Magazine - Projects not encompassed by the new, central-subsidy-free, ‘grid-parity’ regime will be eligible to bid for a government subsidy. But, at a reported $446 million, the pot is not very big.
Renew Economy - German energy giant Innogy has finalised plans to build two solar farms in Canada that will be built without subsidies, highlighting once again the tremendous potential and growth of the global solar industry over the last few years.
Historically, the deployment of solar PV has been financed through the utilization of governmental support schemes, such as feed-in tariffs (FiTs). However, over the last decade, the ever-decreasing system costs for solar installations have led to radical changes in the solar industry.
PV Magazine - Audax Renovables has signed an agreement with Welink under which the Spanish company will buy – for 20 years at a fixed price – the energy produced by solar facilities with a total 708 MW of generation capacity that Welink will develop in Spain and Portugal. German group Allianz will buy the solar plants after completion.
PV Magazine - EnBW is planning a big solar park in Weesow-Willmersdorf, in the northeastern region of Brandenburg. If built, the project would become Germany’s largest solar plant. The company says it has a pipeline of unsubsidized projects with a combined capacity of 800 MW.
Photon - The Swiss solar power producer Edisun Power Europe AG has signed the contracts to purchase a 49 MW photovoltaic project in north-eastern Portugal. The seller of the project is Swiss Smartenergy Invest AG. The acquisition is targeting to be completed by the second quarter of 2019. Construction will commence in 2019 as well, the facility will be completed in the first half of 2020, says the company.
PV Magazine - A conference in London explored the next steps for renewables in the U.K. There was widespread agreement solar has been left in the cold by a government unwilling to alter the current market dynamics.
Renewables Now - Market-parity renewables are steadily gaining traction in Italy, Dario Gallanti, business development partner for Italy at energy services and consulting firm Our New Energy (ONE), tells Renewables Now in an exclusive interview.
PV Magazine - The German company acquired the rights to build the plant from Synergia Energy Solutions. The Alarcos solar park will be in the municipalities of Ciudad Real and Poblete. Work is expected to begin in April, with grid-connection this year.
PV Magazine - Danish developer European Energy has secured a 12-year agreement from Axpo Italia, the local unit of Swiss energy provider Axpo. Around half the 300 MW of solar projects the company is developing in Italy are now ready to build.
PV Magazine - Cyprus has introduced several policy schemes supporting solar development over the years, yet the single most important boost for PV technology on the island is a plan that backs a new wave of what are considered to be subsidy-free projects.
PV Magazine - Three days before the end of the year, Baywa re not only announced the completion of a 175 MW subsidy-free solar power plant – said to be the first of this size in Europe – but also that it had been sold. For Benedikt Ortmann, managing director of the project business at Baywa re, this is groundbreaking.
Energy Live News - The 7.2MW Vale Matanças solar farm in Portugal has entered full operation. Located in Alcácer do Sal, the Foresight Group’s new facility is the firm’s first investment in a Portuguese […]
PV Magazine - Ellomay Capital Ltd, a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced that Talasol Solar S.L.U., its indirect wholly-owned subsidiary (“Talasol”) entered into a set of agreements governing the procurement of financing in the aggregate amount of approximately euro 177 million.
PV Magazine - The brewery giant has joined the band of corporations cutting their carbon emissions with corporate PPAs. The deal now is the UK’s largest of this type. But elsewhere in Europe unsubsidized solar PPAs are also taking hold, indicating a striving industry despite a turn away from FIT schemes.
Photon - Allianz insurance companies has signed the acquisition of the 218.8 MW »Solara« project in Portugal. Construction works have already started. The commissioning of the project is planned for summer 2019. Solara is located in Southern Portugal, around 230 km south-east of Lisbon. The facility has agreed terms for a 20 year fixed price power purchase agreement (PPA).
PV Magazine - U.K. renewable investment firm Octopus has signed another private PPA in Italy, this time with EGO Group for 63 MW of unsubsidized solar PV projects. Meanwhile, Canadian Solar Inc. has signed a 10-year PPA with TrailStone GmbH for the energy generated from a 17 MW project in Sicily.
Renewables Now - BayWa re renewable energy GmbH on Thursday announced it plans to complete the construction of its 175-MWp Don Rodrigo subsidy-free solar park in southern Spain by the end of this year.
PV Magazine - Energy cooperative Enercoop has issued a request for proposal to select renewable energy projects up to 10 MW in size for which it could award a 15 to 30-year PPA. The move is intended to attract bids for projects built without public support.
PV Magazine - Four projects – “Cerrado Cabrera”, “El primo Aleman”, “Hazas de los sesenta” and “Los Gonzalez” – each totaling 50 MW will be located in Alcalá de Guadaíra, near Seville. Work on the plants is expected to commence in April 2019.
PV Magazine - The agreement will help supply Spanish distribution group Uvesco with 100% renewable energy. The first two PPAs for the huge solar plant were signed by Iberdrola in July and October, respectively.
PV Magazine - The Italian power and gas provider and the European subsidiary of the Chinese module maker have created a join venture, which will acquire Talesun’s existing Italian PV plant portfolio of 43.2 MW and develop another 300 MW of market parity projects.
Photon - Spanish solar project developer Iberdrola has signed a Power Purchase Agreement (PPA) with the food distribution company Uvesco Group (BM Supermarcados) for the supply of electricity produced from renewable sources on a long-term basis. All of the energy supplied will come from the 391 MW »Nuñez de Balboa« solar plant that Iberdrola will build in Usagre (Badajoz-Extremadura).
PV Magazine - Local authority West Sussex County Council has commissioned the 7.4 MW Westhampnett Solar Farm, co-located with a 4.4 MW lithium-ion battery. The project was built without government subsidy, according to the council, and is expected to deliver significant income over its 25-year lifetime.
PV Magazine - Allianz Capital Partners, on behalf of German insurance company Allianz, has acquired a 46 MW solar PV project in Portugal.Allianz Capital Partners, on behalf of German insurance company Allianz, has acquired a 46 MW solar PV project in Portugal.
PV Magazine - Energy company Iberdrola will supply power to telecoms business Euskatel. The electricity will be generated by the 391 MW Núñez de Balboa solar plant the company is building in southern Spain, for which Iberdrola secured a first PPA last summer.
Photon - Germany based solar and wind park operator Encavis AG has acquired »the largest solar park in its history,« located near the Spanish town of Talayuela. According to the company, the facility with a generation capacity of roughly 300 MW is one of the largest of its kind in Europe.
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.