Bloomberg: America’s Energy Revolution Hits a Historic Milepost

Bloomberg - America's Energy Revolution Hits a Historic Milepost http://bloom.bg/2e6bPQ5

www.pv-magazine.com/news/details/beitrag/solar-provides-2-of-electricity-in-the-western-united-states_100026684/#axzz4OfV8sPUG

http://www.pv-magazine.com/news/details/beitrag/solar-provides-2-of-electricity-in-the-western-united-states_100026684/#axzz4OfV8sPUG


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Publication: Mexico Energy Outlook - Executive Summary - English version

https://www.iea.org/publications/freepublications/publication/mexico-energy-outlook---executive-summary---english-version.html?utm_source=newsletter&utm_medium=email&utm_campaign=PHOTON+Newsletter+-+International+edition+from+October+31%2C+2016+&newsletter=PHOTON+Newsletter+-+International+edition+from+October+31%2C+2016+


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How solar energy can (finally) create value | McKinsey & Company

This assessment is essentially correct, but not news for those of us in the thick of things. MB

http://www.mckinsey.com/business-functions/sustainability-and-resource-productivity/our-insights/how-solar-energy-can-finally-create-value?cid=sustainability-eml-alt-mip-mck-oth-1610

US solar groups advance soiling analysis to reduce seasonal risks | PV Insider

http://analysis.pv-insider.com/us-solar-groups-advance-soiling-analysis-reduce-seasonal-risks?utm_campaign=PVI+26OCT16+Newsletter&utm_medium=email&utm_source=Eloqua&elqTrackId=24b5627cf91d4c408dc9721349f4eab4&elq=40a076c7abeb473ca085bcbabea5b77c&elqaid=23172&elqat=1&elqCampaignId=10364


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BBC News: Renewable energy capacity overtakes coal

Renewable energy capacity overtakes coal

The International Energy Agency says that the world's capacity to generate electricity from renewable sources has now overtaken coal.

Disclaimer: The BBC is not responsible for the content of this email, and anything written in this email does not necessarily reflect the BBC's views or opinions. Please note that neither the email address nor name of the sender have been verified.

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Fwd: Week in Review: The myth of renewables threatening grid stability

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The myth of renewables threatening grid stability? Germany's power grid outage averaged 12.7 minutes last year, 41% less than in 2006, even though renewables have grown to account for as much as a third of power generation in the country, according to data released by the federal regulator last week. This put to rest concerns about intermittent sources of power threatening grid stability. The country is weaning itself away from nuclear power and embracing renewables generation, providing a working model of transformation of the energy sector for many other countries. In contrast, the 28 September black-out following a storm in South Australia was blamed on the high penetration of renewable energy by Prime Minister Malcolm Turnbull. He said some state governments have set renewable energy targets "that are extremely aggressive, extremely unrealistic, and have paid little or no attention to energy security." The storm should be treated as "a real wake-up call," he added. A report released last week by the Australian Energy Market Operator, however, found that "five transmission line faults, resulting in six voltage disturbances on the network" – which caused an expected reduction of 445MW of wind generation as the turbines entered fault-mode – led to the outage. The operator was not aware of the wind farms' fault-mode settings, and did not plan for it. There were also three fossil-fuelled generators that failed. Details about the operator's findings can be seen in our report: Update on South Australia black-out: market operator in the spotlight. For a further discussion of the issues in South Australia, see our VIP Comment, published today. Meanwhile, there are countries that are still stretching their clean energy targets.  Morocco wants to increase the proportion of energy consumption from renewables to 42% by 2020 and up to 52% by 2030, by when it aims to have 10.1GW of renewables – 4.6GW of solar, 4.2GW of wind and 1.3GW of hydro power. Taiwan's cabinet approved a plan last week to introduce competition into its energy market, push renewables and exit from nuclear power. The draft bill will be sent to the legislature for approval, cabinet spokesman Kuo-yung Hsu told a news conference. The draft bill stipulates that all nuclear power plants will be shut down by 2025. Israel is planning new solar tenders for about 1.3GW, which will be awarded through a competitive process. The first tender is expected to be floated in January. Additional details can be seen in our note here. Turkey unveiled plans to elevate renewable energy in its power mix with a tender that could be worth $1.3bn. The government is inviting bidders to construct a 1GW solar plant and photovoltaic panel factory in Turkey's central Konya province, energy minister Berat Albayrak said in a televised press conference on Thursday. The winner will be announced in December. In India, Prime Minister Narendra Modi's government was planning an INR 210bn ($3.1bn) package of state aid for India's solar panel manufacturing industry, Bloomberg News reported citing two unnamed officials. The so-called 'Prayas' programme is intended to create 5GW of photovoltaic manufacturing capacity from 2019. Modi's government is also planning to classify all hydro projects as renewable. The Ministry of New and Renewable Energy will be presenting a report to the Cabinet requesting the classification change. Currently, only smaller hydropower projects of up to 25MW are considered renewable. Climate change could spark the world's next financial crisis, according to Paul Fisher, who retired this year as deputy head of the Bank of England body which supervises the country's banks. "It is potentially a systemic risk," Fisher said in an interview in Sydney Monday. A sudden repricing of assets as a result of climate change "could be the trigger for the next financial crisis," he added. Fisher, a 26-year-veteran of the UK central bank, said: "You don't need to believe in climate change, you don't need to believe that it is man-made," Fisher said. "You just need to believe that governments are going to do stuff and that is going to a`ffect your business. And then it is a material risk." Fisher said there's a possibility of unexpected moves in financial markets as a result of climate change. He warned of the chance of a "system-wide repricing of assets happening quite suddenly. . Q&A of the week Project Finance Also Has to Innovate, to Cut Cost of Renewables: Jefferies The drive to make renewable energy sources competitive with power generation from fossil fuels has been advanced by technologists and by developers in recent years, but the financial community still has to make its contribution, according to Hari Chandra, global joint head of power renewables and infrastructure at Jefferies International Ltd. The financing of renewable energy projects would benefit from investors being more creative in underwriting risk, Chandra said in an interview with Janis Hoberg at the Bloomberg New Energy Finance Summit in London. "There needs to be the intelligent application of structuring, as well as analysis of merchant power markets, and financing of that on a non-recourse basis," Chandra said. "That is absolutely critical to the next stage of development for renewable energy." Jefferies was the sole placement agent on the 978 million-euro ($1.1 billion) project bond for Wind MW, issued in December last year, the largest renewables project bond ever done. This bond issue refinanced loans to build the 288-megawatt Meerwind Sud und Ost offshore wind project off Germany. The bond market, however, could get much bigger, Chandra said. "We're seeing the market grow, from a little over a billion euros in issuance in power to 3 to 4 billion euros," he said. "But to meet capital needs in an effective way it probably needs to become a 10 billion-euro market in Europe." Q: Where in the finance space do you think innovation is needed in the funding mechanism and risk management? A: If you look at the renewable sector overall and you specifically parse out the last five years, you have seen great strides and innovation on the technology side and with power developers. They have done a great deal to lower the cost of renewable energy. The fact is to become truly competitive, renewable energy will probably need to lower its costs, on an LCOE [levelized cost of electricity] basis, another 50 percent. What has lagged behind is innovation by the financial community. I don't mean cost of financing... . BNEF clients: download the BNEF mobile app for access on the go. Based in China? Download it here. BNEF services | Contact BNEF | Unsubscribe Copyright © 2007-2016 Bloomberg Finance L.P. All rights reserved. This email has been sent to you by Bloomberg New Energy Finance, a division of Bloomberg Finance L.P. Please feel free to forward it to colleagues interested in renewable energy and energy technologies, provided it is complete and identifies Bloomberg New Energy Finance as the source. Bloomberg New Energy Finance does not purchase data from or to third parties. If you have received this from a colleague and would like to receive your own personal copy each week, please contact sales.bnef@bloomberg.net Please send any queries/comments to the Week in Review editor, and make sure you send us your own financial transactions in renewable energy and energy technology sector: editor.bnef@bloomberg.net. This service is derived from selected public sources. Bloomberg Finance L.P. and its affiliates, in providing the service, believe that the information it uses comes from reliable sources, but do not guarantee the accuracy or completeness of this information, which is subject to change without notice, and nothing in this document shall be construed as such a guarantee. The statements in this service reflect the current judgment of the authors of the relevant articles or features, and do not necessarily reflect the opinion of Bloomberg Finance L.P., Bloomberg L.P. or any of their affiliates ("Bloomberg"). Bloomberg disclaims any liability arising from use of this document and/or its contents, and this service. Nothing herein shall constitute or be construed as an offering of financial instruments or as investment advice or recommendations by Bloomberg of an investment or other strategy (e.g., whether or not to "buy", "sell", or "hold" an investment). The information contained herein should not be considered as information sufficient upon which to base an investment decision. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKETS, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS, BLOOMBERG.COM, BLOOMBERG NEW ENERGY FINANCE and NEW ENERGY FINANCE are trademarks and service marks of Bloomberg Finance L.P. or its subsidiaries. The data contained within this document, its contents and/or this service do not express an opinion on the future or projected value of any financial instrument and are not research recommendations (i.e., recommendations as to whether or not to "buy", "sell", "hold", or to enter or not to enter into any other transaction involving any specific interest) or a recommendation as to an investment or other strategy. No aspect of this service is based on the consideration of a customer's individual circumstances. You should determine on your own whether you agree with the content of this document and any other data provided through this service. Employees involved in this service may hold positions in the companies covered by this service.

--

Monty Bannerman
ArcStar Energy
+1 646.402.5076
www.arcstarenergy.com

PV Magazine Mobil: Developer stumps up fees for SunEdison's 500 MW India solar project

See this. $1/watt for preconstruction assets.

http://m.pv-magazine.com/news/details/beitrag/developer-stumps-up-fees-for-sunedisons-500-mw-india-solar-project_100026562/

Who is behind the winners of the second Mexican electricity auction? | Energía Hoy

http://www.energiahoy.com/site/who-is-behind-the-winners-of-the-second-mexican-electricity-auction/

The challenges that the winners of the auctions in Mexico will face. Santiago Barcón | Energía Hoy

http://www.energiahoy.com/site/the-challenges-that-the-winners-of-the-auctions-in-mexico-will-face-santiago-barcon/

PV Magazine Mobil: Swinerton, D.E. Shaw complete the largest solar plant in the Midwest

http://m.pv-magazine.com/news/details/beitrag/swinerton--de-shaw-complete-the-largest-solar-plant-in-the-midwest_100026599/

Mould making Die-casting Precision stamping Machining partsCNC Precision Parts Manufacturinge095xMhjs - 邀请您查看

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More from Chicago

https://www.google.com/amp/www.chicagotribune.com/news/opinion/huppke/ct-canada-america-great-huppke-20161019-story,amp.html

Canadians weigh in on their view of the State of America

http://mobile.nytimes.com/2016/10/18/world/americas/sympathetic-canadians-have-a-message-for-americans-you-guys-are-great.html

Insider reveals true intent of FP&L's proposed solar amendment | Miami Herald

http://www.miamiherald.com/news/politics-government/election/article109017387.html

Unfinished Nuclear Plant To Go On Auction Block Next Month

http://www.manufacturing.net/news/2016/10/unfinished-nuclear-plant-go-auction-block-next-month?et_cid=5624935&et_rid=45614407&location=top&et_cid=5624935&et_rid=45614407&linkid=http%3a%2f%2fwww.manufacturing.net%2fnews%2f2016%2f10%2funfinished-nuclear-plant-go-auction-block-next-month%3fet_cid%3d5624935%26et_rid%3d%%subscriberid%%%26location%3dtop

Fwd: Week In Review: Investment in Clean Energy Weakest Since 2013

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From: "Bloomberg New Energy Finance" <weekinreview@emails.bnef.com>
Date: Oct 12, 2016 10:29 AM
Subject: Week In Review: Investment in Clean Energy Weakest Since 2013
To: <mbannerman@tnag.net>
Cc:

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Investment in clean energy weakest since 2013 as Asia slows Stagnating demand for new renewable energy sources in China, Japan and Europe was behind the lowest quarterly investment in clean energy globally in more than three years, Bloomberg New Energy Finance reported on 10 October. Some $42.4bn was invested in clean energy from July to August – a decrease of 41% from the same period last year – and the lowest since the $41.8bn recorded in Q1 2013, the London-based research company said. A reduction in state-backed incentives to build large wind and solar projects in many countries and the falling costs of such projects contributed to the downturn, said Michael Liebreich, founder and chairman of the advisory board of BNEF.  Another factor was the lull in demand for offshore wind build in Europe after record spending in the first half of the year, according to Abraham Louw, a BNEF analyst who worked to compile the figures. Investors poured as much as $20.1bn into European offshore wind farms in the first half of this year, versus just $2.4bn in the third quarter. On a brighter note, European investment in clean energy rose 2% to $41.2bn in the first nine months of the year, compared with the same period in 2015 – with more of that sum financed by large utilities, showing a decreased reliance on bank funding. Companies financed almost 60% of the total, with banks extending project finance for the remainder. The results highlight the growing competition for wind and solar assets, which come with predictable yields, and also the financial clout of utilities including Dong Energy and Vattenfall that are opting to finance renewable energy projects alone. Utilities are embracing renewable energy and complementary technologies like energy storage to maintain earnings in the face of slumping power prices and a declining demand for electricity, said Francesco Starace, the chief executive of Enel in an interview with Bloomberg News. The industry must move quickly to embrace change – transitioning away from large conventional power plants and towards digital grid applications to help manage the growing amount of intermittent renewable energy, Starace said. Meanwhile, Argentina's most recent power auction saw an exceptional level of applications from renewable energy developers, which won contracts to sell 1,109MW of renewable electricity – 708MW of which from wind power companies and 400MW from solar power companies. The auction will drive as much as $1.8bn in investment, according to Sebastian Kind, the country's renewable energy undersecretary. More than 60% of Argentina's power capacity currently comes from fossil fuels, but the country's recently-elected President Mauricio Macri aims to reverse that trend – with a new law requiring industrial consumer to source 8% of their power from renewables in 2017 and 20% by 2025.  Prices in Latin American auctions keep getting lower Recent Latin American wind and solar auction results by source, generation and average price. In Mexico's second power auction, solar was the lowest-priced source averaging $31.9/MWh. Wind developers secured around 40% of contracts at an average price of $35.8/MWh, to be supplied by 1.2GW of capacity Q&A of the week Record solar, wind prices chill future investors, says OPIC Record low prices for solar and wind energy brokered in auctions from Mexico to the UAE pose a threat to the clean energy industry, said Elizabeth Littlefield, CEO of the Overseas Private Investment Corp (OPIC). Prices are dropping so sharply that "countries are looking to re-negotiate the tariffs they have agreed with developers, [which is] extremely dangerous because… it has a chilling effect on future investors," Littlefield told Clean Energy and Carbon Brief in an interview. In some cases, tariffs are too low to justify investment, meaning that a project can only be realised with concessional financing, she added. OPIC, the development finance arm of the US government, has committed around $1bn annually to renewable energy projects over the past five years. From providing a loan and political risk insurance to a 158MW wind project in Senegal, to funding off-grid energy companies like SunFunder and Greenlight Planet, the agency is strongly in favour of clean energy where possible, said Littlefield. In addition to its climate and health benefits, it can also pose a significant economic advantage, she said. The Taiba N'Diaye wind farm in Senegal "will provide power at 11 US cents/kWh, which is less than half the 30 cents/kWh that Senegalese families are paying now." So the project will increase Senegal's generation capacity by almost a quarter and "also cut the price of power by more than half," she added. Low oil prices spell good news for renewables in developing nations, according to Littlefield. Countries including Senegal and Egypt have "taken advantage of low fuel prices to either remove or significantly reduce their fossil fuel subsidies, [which] has been a huge boon to the government budget." Once oil prices come back up, it will make renewable energy all that more attractive, she said. Littlefield also discussed the opportunities for off-grid power and microfinance in Africa and OPIC's investment strategy in the following Q&A, which was first published in this week's Clean Energy and Carbon Brief. Q: 2015 marked the fifth straight year that OPIC committed more than $1bn to renewable energy projects. Is this a growing area of focus for the organisation? A: We established renewable energy resources as a priority for the agency back in 2010 when I joined. Within three years we grew our annual renewables commitments to $1bn and we've averaged about that level ever since. As long as our overall portfolio is only $20bn, I don't see it growing much more per annum due to our need to manage a balanced portfolio of sectors and risks. Targeting between half a billion and $1.5bn every year is probably where we'll end up. Q: What do you find most exciting about the clean energy industry? A: A range of developing countries have taken advantage of low fuel prices to either remove or significantly reduce their fossil fuel subsidies and this has been a huge boon to government budgets in many cases, like in Egypt — sometimes as much as ten times what they are getting in aid. Now these subsidies are gone, when oil prices go back up again it will make renewable energy even more attractive. It will be interesting to watch how that changes the attractiveness of fossil fuels versus renewables in the next 10 years... BNEF clients: download the BNEF mobile app for access on the go. Based in China? Download it here. BNEF services | Contact BNEF | Unsubscribe Copyright © 2007-2016 Bloomberg Finance L.P. All rights reserved. This email has been sent to you by Bloomberg New Energy Finance, a division of Bloomberg Finance L.P. Please feel free to forward it to colleagues interested in renewable energy and energy technologies, provided it is complete and identifies Bloomberg New Energy Finance as the source. Bloomberg New Energy Finance does not purchase data from or to third parties. If you have received this from a colleague and would like to receive your own personal copy each week, please contact sales.bnef@bloomberg.net Please send any queries/comments to the Week in Review editor, and make sure you send us your own financial transactions in renewable energy and energy technology sector: editor.bnef@bloomberg.net. This service is derived from selected public sources. Bloomberg Finance L.P. and its affiliates, in providing the service, believe that the information it uses comes from reliable sources, but do not guarantee the accuracy or completeness of this information, which is subject to change without notice, and nothing in this document shall be construed as such a guarantee. The statements in this service reflect the current judgment of the authors of the relevant articles or features, and do not necessarily reflect the opinion of Bloomberg Finance L.P., Bloomberg L.P. or any of their affiliates ("Bloomberg"). Bloomberg disclaims any liability arising from use of this document and/or its contents, and this service. Nothing herein shall constitute or be construed as an offering of financial instruments or as investment advice or recommendations by Bloomberg of an investment or other strategy (e.g., whether or not to "buy", "sell", or "hold" an investment). The information contained herein should not be considered as information sufficient upon which to base an investment decision. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKETS, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS, BLOOMBERG.COM, BLOOMBERG NEW ENERGY FINANCE and NEW ENERGY FINANCE are trademarks and service marks of Bloomberg Finance L.P. or its subsidiaries. The data contained within this document, its contents and/or this service do not express an opinion on the future or projected value of any financial instrument and are not research recommendations (i.e., recommendations as to whether or not to "buy", "sell", "hold", or to enter or not to enter into any other transaction involving any specific interest) or a recommendation as to an investment or other strategy. No aspect of this service is based on the consideration of a customer's individual circumstances. You should determine on your own whether you agree with the content of this document and any other data provided through this service. Employees involved in this service may hold positions in the companies covered by this service.

Clinton, Gore knock Florida officials on climate change, solar amendment

http://www.politico.com/states/florida/story/2016/10/clinton-gore-knock-florida-officials-on-climate-change-solar-amendment-106289

Why The Shale Revolution (Not The EPA) Drove The Decline Of Coal

http://www.manufacturing.net/news/2016/10/why-shale-revolution-not-epa-drove-decline-coal?et_cid=5612993&et_rid=45614407&location=top&et_cid=5612993&et_rid=45614407&linkid=http%3a%2f%2fwww.manufacturing.net%2fnews%2f2016%2f10%2fwhy-shale-revolution-not-epa-drove-decline-coal%3fet_cid%3d5612993%26et_rid%3d%25%25subscriberid%25%25%26location%3dtop


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Quarterly RE Investment numbers

11.10.2016: Global clean energy investment had its weakest quarter since 2013 between July and September this year, according to data released by Bloomberg New Energy Finance (BNEF). Investments worldwide totaled $42.4 billion in the third quarter of 2016, down 31% from the second quarter and a striking 43% from the equivalent three-month period of 2015.
The weakness of Q3 2016 was concentrated in particular areas – asset finance of utility-scale renewable energy projects was down 49% year-on-year at $28.8 billion, with wind down 32% and solar down 67%; and investment in small-scale PV projects of less than 1 MW was 35% lower at $9.3 billion. In the geographical split, Chinese investment was down 51% compared with Q3 2015, at $14.4 billion, while Japan was down 56% at $3.5 billion.
»After last year’s record investment levels, some key markets such as China and Japan are pausing for a deep breath,« said Michael Liebreich, chairman of the advisory board at Bloomberg New Energy Finance. The highest quarterly total ever was $90bn, in Q2 2015.

 

Monty Bannerman

ArcStar Energy

+1-646-402-5076

www.arcstarenergy.com

 

Solar power is second cheapest source of energy in Argentina's power auction

Solar power is second cheapest source of energy in Argentina’s power auction, media

5.10.2016: According to news agency »Bloomberg«, wind was the cheapest source of energy in Argentina’s latest power auction. The minimum price for wind power reached $49.10 per MWh, while solar power came in at $59 per MWh (biomass $110; hydropower $111.10). The government said it will announce the winners on October 7, five days earlier than it had initially planned.
Renewable energy developers applied to sell 6,366 MW of power in the October auction, more than six times the amount the government plans to sell. Solar projects represented 2,834 MW, says »Bloomberg«, citing Sebastian Kind, undersecretary for renewable energy at the Argentina’s Energy Ministry. Wind farms accounted for 3,478 MW, while biogas and biomass each had 53 MW. 
© PHOTON

www.bloomberg.com

www.bloomberg.com/news/articles/2016-09-30/wind-is-the-cheapest-power-source-in-argentina-renewable-auction

 

 

Monty Bannerman

ArcStar Energy

+1-646-402-5076

www.arcstarenergy.com

 

EDF EN Mexico wins 342 MW in Mexico's second auction

EDF EN Mexico wins 342 MW in Mexico’s second auction

5.10.2016: EDF EN Mexico S. de R.L. de C.V., subsidiary of the French EDF Energies Nouvelles Group, announced that the company has won 342 MW in Mexico’s second long-term auction for energy and clean energy certificates supply and purchase contracts with the Federal Electricity Commission (CFE), Mexico’s state utility. Two projects were successful in the auction: Gunaa Sicarú wind project (252 MW) and Bluemex Power solar project (90 MW). The PV facility will be comprised of bifacial solar technology. More details were not disclosed. 
© PHOTON

www.edf-energies-nouvelles.com

www.businesswire.com/news/home/20161003006388/en

 

 

Monty Bannerman

ArcStar Energy

+1-646-402-5076

www.arcstarenergy.com

 

Mexico's IEnova wins two solar contracts in energy auction | Reuters

http://www.reuters.com/article/mexico-ienova-idUSL2N1C41Z9

Scatec Solar sells 104 MW Utah Red Hills solar plant

$26.90/Watt acquisition fee for sale at COD. Going into construction finance (at DE ratio of 85/15) they had hard and soft equity on the books of $21M. Difference in value between NTP and COD = $7M.

 

 

4.10.2016: Norwegian independent solar power producer Scatec Solar ASA has entered into an agreement for sale of 100% of the sponsor equity in the 104 MW »Red Hills« solar power plant Parowan, Utah, USA, with MIC Renewable Energy Holdings LLC, owned by Macquarie Infrastructure Corporation. The facility consists of 325,000 PV modules of an unnamed manufacturer mounted on single-axis trackers. The sale is expected to generate gross proceeds to Scatec Solar of $28 million. The proceeds are subject to further working capital adjustments at closing. The consolidated book value of Scatec Solar's sponsor equity in the project company is $21 million while the total balance sheet value is $137 million including project finance debt. The transaction is expected to close before the end of 2016.
Scatec Solar had secured $157 million in construction financing for the Utah Red Hills Renewable Park (URHRP) in January 2015. It was energized in mid December 2015 and sells its output to PacifiCorp’s Rocky Mountain Power under a 20-year PPA. 
Prior to this transaction, Scatec Solar held 426 MW of large scale solar plants in operation. In addition, the company has a backlog of projects with secured long-term off-take agreements of 422 MW and in addition to a pipeline of about 1.2 GW globally. 
© PHOTON

 

 

Grenergy to build 34 MW photovoltaic project in Mexico

4.10.2016: Spanish renewable energy company Grenergy Renovables SA has been awarded its first contract in Mexico to build a 34.5 MW power plant in the Mexican state of Guanajuato, the country's industrial belt with high demand for energy. It is also one of the areas with the best solar radiation in the Americas. More details about the facility were not disclosed.
This second Mexico energy auction was led by Spanish companies, which were awarded 41% of projects totaling 3.72 million MWh a year. A total of 57 companies took part in the auction, of which 23 were awarded projects, six of them of Spanish nationality or origin. The auction also saw the lowest supply costs ever seen in the Americas, dropping to $30 per MWh, even though the final average did settle at $33.47.