California in 2014 became the first US state to source more than 5% of its electricity from utility-scale solar plants, pushing it beyond wind-rich Texas as the state with the most non-hydro renewables generation, according to government figures.
Abengoa will not proceed with its Palen CSP project in the California desert until the US makes clear what will happen to the solar Investment Tax Credit after 2016, Abengoa Yield chief executive Santiago Seage says.
23 January 2015 07:04 GMT
Renewable technologies such as solar and wind are increasingly competing with conventional forms of generation on cost, with the levelised cost of electricity (LCOE) of PV falling by half over the four years to 2014, the International Renewable Energy Agency (IRENA) said at its fifth assembly in Abu Dhabi this week.
19 January 2015 10:21 GMT
South Africa’s government has awarded a consortium led by California-based SolarReserve a 100MW (ac) concentrated solar power (CSP) project that will include molten salt energy storage technology in a tower configuration.
08 January 2015 08:12 GMT
Instructed by Germany's environment and economic co-operation ministries, German development bank KfW has signed agreements to provide a €654m ($802m) loan for the construction of two solar plants at the Ouarzazate complex in Morocco.
22 December 2014 04:47 GMT
Abengoa S.A. will reduce its stake in Abengoa Yield and speed up the sale of solar projects to its yieldco, as the Spanish infrastructure giant looks to shore up its finances following the recent severe drop in its stock price.
11 December 2014 06:25 GMT
To protect your subscription investment, we've instituted a security system to protect against the electronic redistribution of copyrighted Rechargenews content. Read more