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IEEFA
Bloomberg Green: The United Arab Emirates, one of the world’s biggest oil producers, said the commercial case for renewable energy has never been stronger. The Middle Eastern country plans to be at the forefront of the transition to greener energy and the fight against climate change even as it boosts oil-production capacity, according to Sultan […]
IEEFA
Gulf News: The funding is now in place for the world’s biggest solar power project, being built in Abu Dhabi. The 2 GW project in Al Dhafra has received financing from seven international banks. TAQA (Abu Dhabi National Energy Company) is developing the plant along with Abu Dhabi’s Masdar, EDF Renewables and Jinko Power. The […]
IEEFA
The Jakarta Post: Indonesia officially kicked off on Thursday the development of the Rp 1.8 trillion (US$127.24 million) Cirata floating solar power plant in West Java, one of the national strategic projects (PSN), as the government aims to boost the contribution of renewables to the country’s energy mix. PT PJB Masdar Solar Energi, a joint […]
IEEFA
PV Magazine: The Sudanese minister of energy and mining, Khairy Abdul Rahmanhas, and the general director of the Abu Dhabi Fund for Development, Mohamed Saif Al Suwaidi, signed on Sunday a memorandum of understanding for the deployment of solar power plants with a combined capacity of 500 MW in Sudan. In an official statement, the […]
Vibhuti Garg
Implications of low bids for future growth
This Q&A first appeared in RenewableWatch Solar energy tariffs have witnessed a gradual decline over the years in India and globally. A recent auction for 2 gigawatts (GW) of solar projects conducted by the Solar Energy Corporation of India (SECI) witnessed a record-low tariff of Rs 2.36 per kWh. At the same time, the world’s […]
Press Release and Vibhuti Garg
5-10% annual decline in tariffs estimated for the next decade
29 August 2020 (IEEFA India): A number of countries in the Gulf region have set record-low prices for solar in recent years, leading to hopes that India and other countries may soon be able to achieve similarly cheap – or cheaper – solar tariffs. But a new report by the Institute for Energy Economics and […]
IEEFA
PV Tech: A consortium including Abu Dhabi National Energy Company (TAQA), Masdar, EDF and JinkoSolar development arm JinkoPower have been formally announced as the winning party behind the world record low tender for the 2GW Al Dhafra solar farm. Having won the hotly-contested contract, the parties will now work to bring forward the project following […]
Press Release and Tim Buckley
Solar costs continue to decline
8 June 2020 (IEEFA Australia): Despite the devastating impact of COVID-19, during the months of April and May, renewable energy continued to break records, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Most strikingly, April 2020 saw the Emirates Water and Electricity Company (EWEC) award a 1.5 gigawatt (GW) solar tender to […]
IEEFA
Bloomberg: Some of the Middle East’s biggest oil producers are pushing into solar energy even amid the rout in crude prices. Cheap crude used to deter investment in renewable energy in countries that depend on oil sales for revenue. Today, solar projects cost only about one tenth of what they did a decade ago, thanks […]
Simon Nicholas
COVID-19 may make 2020 a microcosm of thermal coal’s declining fortunes
As the economic impact of the coronavirus takes its toll, Australian thermal coal prices are now at their lowest level since 2016. This week the price for high energy Newcastle thermal coal dropped to US$50.60 a tonne, down around 25% already since January. Initially, COVID-19’s impact on energy prices has been focussed on oil. With […]
IEEFA: Why India can’t match the Gulf region’s record-low solar tariffs
5-10% annual decline in tariffs estimated for the next decade29 August 2020 (IEEFA India): A number of countries in the Gulf region have set record-low prices for solar in recent years, leading to hopes that India and other countries may soon be able to achieve similarly cheap – or cheaper – solar tariffs. But a new report by the Institute for Energy Economics and […]