Solar Energy
UK Smashes Solar Power Record
Solar power has broken records in Britain in Friday as the country basked in temperatures as high as 28 degrees. According to the National Grid solar generation hit its highest ever level in Friday, delivering 8.7GW, the equivalent of 24.3 per…
SoftBank Joint Venture Secures 400 Megawatts Of Solar Capacity At Record Low Tariffs In India
A joint venture between SoftBank, Foxconn Technologies and Bharti Enterprises has received a huge boost in its standing in the rapidly growing Indian solar power market. SB Cleantech secured 400 megawatts of solar power capacity in two auctions that offered…
EBRD Offers $458 Million In Loans For 750 Megawatts Of Solar Projects In Egypt
The European Bank for Reconstruction and Development (EBRD) has offered more than $450 million to various project developers planning to set up utility-scale solar power projects in Egypt. The Bank has offered loans worth $458 million to a total of…
New Solar Projects In India Are Cheaper Than 92% Of All Thermal Power Plants In The Country
Media outlets are abuzz with the collapse in solar power tariff bids in India last week when 750 megawatts was allocated at the cheapest tariffs ever. The tariffs range between Rs 2.44/kWh (3.8¢/kWh) and Rs 2.62/kWh (4.1¢/kWh). India’s minister for…
Tucson Electric Power Confirms ‘Historically Low Price’ for Latest Solar Project
A leading US utility has this week signed a new deal to secure solar power for up to 21,000 homes at a price that is less than half the level it previously paid. Tucson Electric Power (TEP) announced it had…
Australia’s Renewable Energy Agency Commits $20 Million To Boosting Solar PV R&D
The Australian Renewable Energy Agency announced this week that it is committing $20 million in funding to boost the growth of solar PV research and development in an effort to make solar PV more affordable, efficient, and competitive. On Tuesday,…
Utility-Scale Solar Grew 72% Per Year Between 2010 & 2016
Utility-scale solar installations—including both photovoltaic (PV) and thermal technologies—grew at an average rate of 72% per year between 2010 and 2016, faster than any other generating technologies. Utility-scale solar (plants with a capacity of at least one megawatt) now makes…