The 2019/2020 draft Marginal Loss Factors (MLFs) have been released by the Australian Energy Market Operator (AEMO), reporting the difference between power produced and power reaching the Regional Reference Node (RRN). Of all the operating/commissioning PV farms in Australia tracked by Rystad Energy, the six most impacted by intra-regional loss factors are all near the New South Wales/ Victoria border. Six solar farms had a reduction greater than 10%, of which four were in NSW. Neoen was the hardest-hit developer, with three solar farms (Griffith, Parkes and Coleambally) all having their MLFs reduced by more than 10%. AEMO was due to release the official MLFs for the 2019-2020 Financial Year (FY) on April 1. However, due to receiving substantial information that did not align with information used in determining the first set of draft MLFs (released March 8), the release of the official MLFs for 2019-2020 FY has been delayed until May 10. Instead, AEMO has published a 2nd round of draft MLFs to account for some of the received information. Of the top 10 impacted solar farms being tracked by Rystad Energy, all but WIRSOL's Gannawarra solar farm saw a reduction in MLF change. Neoen's Parkes Solar farm was most favorably impacted by the update with its change in MLF reducing to only -1.2%.
Tilt Renewables acquires Liverpool Range Wind Farm
Tilt Renewables has bolstered its NSW pipeline with the acquisition of the 1 GW Liverpool Range Wind Farm. The shrewd move means that the company is now New South Wales' fourth largest wind developer by equity, nudging ahead of Goldwind and falling behind CWP Renewables, Energy Estate and Mirus Advisory Services, who are developing the 3.4 GW Walcha Energy Project.
National Thermal Power Corporation emerges as key player in India’s solar industry
Recent legislation in India has paved the way for the country’s National Thermal Power Corporation (NTPC) – currently one of the largest coal-fired power generators in India with 50 GW of capacity – to become one of the country’s top 10 solar developers. The shift will be precipitated by the second phase of the Central Public Sector Undertakings (CPSU) program. CPSU are assisted by viability gap funding (VGF) schemes that promotes the development of installed solar capacity by state-owned companies. The goal of CPSU-VGF phase 2 is to encourage 12 GW of capacity additions to contribute to the national government’s renewable energy target for 2022. The NTPC currently has 885 MW of installed capacity and is one of the top 10 solar developers in India, but significant growth is expected as NTPC has a target of 10 GW of solar by 2025.
Vietnam rapidly constructs and commissions largest solar project to date
The Dai Hai group has recently commissioned the Dai Hai cluster solar project in Vietnam, which will boast 80 MWAC of capacity. This is the largest solar project ever commissioned in the country. In an impressive push, it took less than four months for the project to progress from ground breaking to commissioning. By comparision, the average solar project timeline in Australia, from construction start to commercial operation date (completed commissioning), is close to 17 months, underscoring Vietnam’s impressive pace.