New report “Future of Solar Photovoltaic” launched by the International Renewable Energy Agency (IRENA) at “Sun World 2019” event, which took place from November 12 to 14 in Peru, finds that by 2050 solar PV would represent the second-largest power source behind wind, generating a quarter of the world’s power. In total, global solar power capacity would rise from 480 GW in 2018 to over 8000 GW by 2050, growing by nearly 9 per cent every year, report finds.
Spain-based renewable energy company Audax Renovables S.A. (Audax) announced it has signed a Power Purchase Agreement (PPA) with energy company based in Germany, Innogy SE, regarding the supply of green power from Innogy’s 50 Megawatt (MW) Alarcos solar farm in Spain.
Green Lantern Solar, a U.S. based renewable energy development company headquartered in Vermont, announced it has completed the development and construction of a 6.7MW solar array and 2 MWh battery storage facility in Essex, Vermont.
Spain-based solar PV developer and green power generation company, Solaria Energía y Medio Ambiente, S.A. (“Solaria”), announced it has obtained approval to install a 626 MW solar PV plant connected to a 400-kV substation located in Trillo, Guadalajara province, in the Spanish region of Castile-La Mancha, where Solaria acts as the power generation company or single node interlocutor.
ACWA Power, a leading international developer and operator of power generation and water desalination facilities from Saudi Arabia, announced it has signed a Power Purchase Agreement (PPA) with the Government of Egypt to develop, finance, construct and operate the Kom Ombo photovoltaic plant, which will yield a capacity of 200 MW.