Solar Markets & Finance News

Spain’s renewable credentials have attracted the eye of an Italian infrastructure investor. Already, the Italian has acquired a PV Developer and the merchant projects it was working on.

The State of Massachusetts has awarded Envision Solar a statewide contract for the deployment of EV ARC transportable solar-powered EV charging solutions

Shell now has a firm grip on the Austria’s energy market after it bought 49% stake of the utility-scale PV developer ESCO Pacific. A few weeks ago, the oil mogul acquired ERM Power for AU 617 million (US$425 million).

First Solar announced that a partnership composed of EDP Renewables and ConnectGen has completed the acquisition of three projects with a total nameplate design of 278 MWAC in the United States. First Solar previously disclosed that the sale of these projects were subject to certain conditions precedent for closing that have since been satisfied.

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.