Solar Markets & Finance News

Cheers! BayWa re to supply European Budweiser breweries with renewable power
The German renewables group and brewer Anheuser-Busch InBev claim the transaction is the largest pan-European solar power deal with an industrial client to date. The companies have already agreed on a virtual power purchase agreement related to two Spanish PV plants that are scheduled for grid connection by spring 2022.
Jan 10, 2020 // Markets & Finance News, Spain, UK, Europe, AB InBev, BayWa
Eni acquires majority stake in Italian PV installer Evolvere
The transaction has been approved by AGCM, Italy’s antitrust authority. Prior to acquiring Evolvere – which recorded a turnover of more than €30 million in 2018 – Eni has mainly specialized in the construction of large-scale solar plants, rather than residential and commercial PV projects.
Jan 10, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Italy, Europe, Eni, Evolvere
Ib vogt sells, starts construction of 180MW Spanish PV plant, eyes further projects
German EPC ib vogt has announced the sale and commencement of construction of a 180MWp solar farm near Badajoz in Spain, teeing itself up for a slew of other subsidy-free developments in Southern Europe.
Jan 10, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, pv power plants, solar pv, Europe, ib vogt, investment, finance, shell, talanx
Panasonic warns US solar installers of Tesla designated panels on the market with no warranties
Panasonic has warned US solar installers about Tesla selling a “large quantity” of its solar panels designated to the company to an unidentified third-party wholesaler that would not be covered by Panasonic product warranties.
Jan 10, 2020 // Manufacturing News, Markets & Finance News, USA, TESLA, rooftop, Panasonic, pv modules, c-si manufacturing, residential, North America
US lawmakers propose clean energy credit push to take US to net zero
US power suppliers could face clean energy credit obligations to foster a major shift to renewables and decisively slash emissions, under legislation currently being drafted up at Congress.
Jan 10, 2020 // Markets & Finance News, Storage, Grids, USA, ENERGY STORAGE, ITC, America, bifacial, PURPA, North America, microgrid, congress, clean future act
MERC Approves Tariff of Rs 2.90/kWh Discovered in 500 MW Solar Tender
MERC has approved the tariff discovered by the MSEDCL for the procurement of 500 MW power from solar projects for meeting its Solar RPO.
Jan 10, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Tariffs, MSEDCL, MERC, Maharahtra
Capital Dynamics and 8minute purchase 300MW project on tribal land in Nevada
Asset management firm Capital Dynamics and IPP 8minute Solar Energy announced on Thursday the purchase of a 300MWac/873MWdc solar project in Nevada.
Jan 9, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, Nevada, utility-scale PV, solar-plus-storage, North America, 8minute Solar Energy, nv energy
Mahindra Renewables plans $171 mn investment for solar project in Rajasthan
Mahindra Renewables Private Limited (MRPL), a wholly owned subsidiary of Mahindra Group (worth $20.7 billion) cleantech arm Mahindra Susten Private Ltd (MSPL) is planning to invest around $171 million to set up a 250 mega watt (MW) solar power project in Rajasthan. The project will be backed by International Finance Corporation (IFC).
Jan 9, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Rajasthan, Mahindra Renewables
Masdar signs agreement to develop solar project in Azerbaijan
Masdar on Thursday announced that it has signed an agreement with Azerbaijan’s Ministry of Energy to develop and finance a 200-megawatt utility scale solar photovoltaic (PV) project.
Jan 9, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Masdar, Europe, Azerbaijan, Al Ramahi
Five bidders set to secure 490 MW in Malaysia’s third solar auction
Four bids have been lodged for 100 MW projects and fifth for a 90 MW facility, all in peninsular Malaysia, to indicate the 500 MW tender will fall short of its intended capacity. The lowest solar power price lodged is for $0.042/kWh.
Jan 9, 2020 // Markets & Finance News, Malaysia, Asia, solar auction
SECI tenders another 1.2 GW of grid-connected solar projects across India
Bidders can pitch for up to 300 MW of generation capacity per project with the deadline for proposals on February 4. The eighth tranche of inter-state transmission system program capacity offered by the Solar Energy Corporation of India comes with a solar energy price ceiling of Rs2.78/kWh.
Jan 9, 2020 // Markets & Finance News, Grids, India, SECI, tender, Asia
Saudi Arabia launches 1.2 GW solar tender
With the third procurement round of the kingdom’s National Renewable Energy Program, the Renewable Energy Project Development Office is tendering four large-scale solar projects. Successful bidders will have to include at least 17% local content in their facilities.
Jan 9, 2020 // Markets & Finance News, Saudi Arabia, tender, Asia, REPDO
Enhanced Capital finances solar projects with capacity of 10.25MW
Enhanced Capital in cooperation with GSPP has funded 10.25-megawatt solar power projects.
Jan 9, 2020 // Markets & Finance News, USA, North America, International, Enhanced Capital
APDCL invites to bid for 30MW Assam-based solar projects
Indian APDCL has floated a tender for 30 megawatts of solar capacity in three Assam’s districts. The tender is being held under the second phase of the CPSU scheme.
Jan 9, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, India, tender, Asia, Assam, APDCL
ReneSola to sell 15MW Hungary-based solar project portfolio
U.S.’s solar developer ReneSola is selling its 15-megawatt portfolio of Hungarian solar power projects under development to Danish investor Obton.
Jan 9, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, Hungary, Europe, North America, renesola, Obtan