THE FRIDAY NOTE SunEdison others bid for 5.5 GW in India and more top news
Sep 18, 2015 14:21 CEST
September 18 – This week’s TOP news included the 5.5 GW of bids in an Indian solar tender, OPIC’s financing for a 100-MW CSP project in South Africa, and Vestas’ MOU in Mexico for a wind project of up to 500 MW.
Also, Dubai officially launched a tender for an 800-MW solar project, EDP put on hold the listing of a renewables yieldco vehicle in Spain, and EWEA said wind power could meet as much as 31% of EU electricity demand in 2030.
SOLAR TENDERS
On Monday it was announced that SunEdison Inc (NYSE:SUNE) and five other companies have each bid for 500 MW in last week’s solar power tender in Andhra Pradesh, India. The tender targeted just 500 MW, but got 5.5 GW in bids from 30 developers, including from Adani, SoftBank and Tata Power.
In Dubai, the electricity and water authority (DEWA) officially launched a tender for the contract to build the 800-MW third phase of the Mohammed bin Rashid Al Maktoum solar power project. It will be accepting expressions of interest by 29 September.
More details at: http://renewables.seenews.com/news/sunedison-bids-for-500-mw-in-oversubscribed-solar-tender-in-india-492831
and at: http://renewables.seenews.com/news/dewa-kicks-off-tender-for-800-mw-dubai-solar-project-492652
HIGH WIND IN EUROPE
The EU could reach a total wind power capacity of about 392 GW by 2030 for a 204% jump over 2014 levels, according to an updated best-case scenario by the European Wind Energy Association (EWEA). The High Scenario envisages wind parks producing 31% of EU electricity demand, with a 11.3% share for offshore wind.
In the Low Scenario, the combined capacity of EU wind farms hits 251 GW, producing enough to meet 19% of demand.
More details at: http://renewables.seenews.com/news/eu-wind-capacity-hits-392-gw-in-eweas-2030-high-scenario-493123
WIND AND SOLAR IN MEXICO
Mexican state-run power utility Comision Federal de Electricidad (CFE) has signed a memorandum of understanding with Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) to exchange information and consider the development of a wind project of up to 500 MW. This was announced in a press release on Sunday, a couple of days after it was also unveiled that the Baja California state in northwestern Mexico will promote concentrated solar power (CSP) and photovoltaic installations through a 185-MW project.
More details at: http://renewables.seenews.com/news/mexican-cfe-to-evaluate-wind-project-with-vestas-492716
and at: http://renewables.seenews.com/news/mexico-baja-california-to-develop-185-mw-solar-project-report-493087
ATTRACTIVENESS INDEX
There was a significant reshuffle in the top 10 list of the most attractive markets for renewable energy by Ernst & Young (E&Y), released this week. Chile entered the top 10, while the UK and Australia dropped out of it. Thanks to Barack Obama’s Clean Power Plan, the US returned as the number-one market for renewable energy, while China is now second.
India and Brazil are going up the one-digit ladder. Emerging markets such as Mexico, Peru, Morocco, Egypt and Saudi Arabia are ascending too, but are still far from the top of the index.
More details at: http://renewables.seenews.com/news/major-reshuffle-in-top-10-markets-for-renewables-us-takes-lead-493107
at: http://renewables.seenews.com/news/latams-renewable-energy-markets-grow-more-attractive-e-y-493211
and at: http://renewables.seenews.com/news/morocco-egypt-s-arabia-ascend-in-e-y-renewables-index-493129
EDP YIELDCO ON HOLD
The renewables arm of Portuguese utility EDP (ELI:EDP) said on Monday it has decided to hold off the potential listing of an yieldco vehicle on the Spanish bourse in light of the “evolution of capital markets conditions”. The idea to create an entity to hold wind power plants in Europe was put on hold after a comprehensive analysis conducted by EDP Renovaveis and its advisors.
More details at: http://renewables.seenews.com/news/edps-renewables-arm-holds-off-yieldco-listing-in-spain-492898
HEAVY CSP SUPPORT
The Overseas Private Investment Corp (OPIC) has cleared financing of up to USD 400 million (EUR 350.7m) for SolarReserve’s 100-MW Redstone concentrating solar power (CSP) project in South Africa. The funds are part of more than USD 1 billion in financing and support for US-led developments in Africa and Asia, OPIC said.
Meanwhile on Wednesday, the US Department of Energy (DoE) said it will grant USD 102 million in financing to solar R&D projects, including USD 32 million to 14 initiative focused on CSP improvements.
More details at: http://renewables.seenews.com/news/opic-okays-usd-400m-financing-for-redstone-csp-project-493461
and at: http://renewables.seenews.com/news/us-doe-backs-solar-innovation-cost-reductions-with-usd-102m-493301
(USD 1 = EUR 0.877)
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