Solar Markets & Finance News

Mexican solar has witnessed the latest utility-scale move of a year of project milestones and policy uncertainty, with a new major pipeline sponsored by a Spanish player.

The private sector subsidiary of the French Development Agency is backing the construction of four solar power plants and two wind farms with a combined generation capacity of 900 MWp.

The Munich-based group sold five solar parks with a total generation capacity of around 35 MW to the Hamburg-headquartered power producer. One of the five plants was among Germany’s first unsubsidized PV projects.

Adani Green Energy is allegedly considering acquiring all of the remaining solar power assets of the Essel Group.

Southern Water has issued a request for information to source solar energy through bilateral power purchase agreements. The business is thinking about buying power from a blend of generation facilities.

Huanghe Hydropower Development has started work on the first phase of a huge renewable energy project which will eventually feature 10 GW of solar generation capacity along with 5 GW of wind and 1 GW of concentrating solar power. Trina will supply 600 MW of modules to the first phase of the facility.

The Indian developer is committed to install 500 megawatts of manufacturing capacity in collaboration with a local panel producer. The agreement includes an option to double the power generation capacity, the decision for which is expected to be taken tomorrow.

Recently, the authorities of Denmark declared their plans to cease tenders for green power development. A few days later, a Jutland-based subsidy-free photovoltaic project with a capacity of 155 megawatts has been revealed. From the beginning, the power produced is planned for selling to the market of Nord Pool. However, private power supply options can also be considered.

Sungrow’s EPC branch has signed a contract for construction of Manikganj-based photovoltaic project.

Sovereign wealth fund of Qatar has acquired a 25.1-percent % stake in Mumbai’s unit of Adani Electricity for 450m USD. This purchase is meant to support Adani’s targeted 30-percent power generation from green sources by 2023.

A math model, created by a Taiwanese scientific group, has shown that aquavoltaic installations can be a profitable alternative to on-ground power plants in the country with a shortage of land area. Even though floating solar promises bad influence on aquaculture, profit from power generation is likely to make up for this loss.

Japan’s electric utility KEPCO prolongs a trial project with Australia’s peer-to-peer energy trading company Power Ledger. The project is meant for tracking RECs and ptp trading power generated by solar plants.

Bank OZK announced plans for a significant investment for the construction of a solar power plant which will provide enough renewable energy to power its new corporate headquarters and up to 40 other Arkansas locations, according to Tim Hicks, chief administrative officer and executive director of Investor Relations.

The Arizona Corporation Commission (ACC) voted to reject a request from the state’s investor-owned utilities to set two-year contract terms for renewable energy projects under the federal Public Utility Regulatory Policies Act (PURPA). Instead, commissioners voted unanimously to set contract terms at 18 years, providing renewable energy developers the financial certainty they need to develop new clean energy projects in the state.

Global solar O&M provider Belectric has been awarded a 10-year service contract for more than 20 MW of projects across the United States.