Solar Markets & Finance News

The government of the state of Western Australia has allocated funding from its Renewable Hydrogen Fund toward seven feasibility studies that could pave the way for significant renewable hydrogen projects around the state.

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.

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.

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.

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.

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.

MERC has approved the tariff discovered by the MSEDCL for the procurement of 500 MW power from solar projects for meeting its Solar RPO.

Asset management firm Capital Dynamics and IPP 8minute Solar Energy announced on Thursday the purchase of a 300MWac/873MWdc solar project in Nevada.

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).

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.

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.

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.

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.

Enhanced Capital in cooperation with GSPP has funded 10.25-megawatt solar power 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.