Solar Markets & Finance News

IEnova secures 15-year power deal for 150 MW solar park in Mexico
The project the company is developing in Juárez will sell energy to the Mexican department store chain El Puerto de Liverpool through a 15-year PPA for the second contract of the type IEnova has secured with the group.
Sep 27, 2019 // Markets & Finance News, USA, Mexico, North America, IEnova, Sempra Energy
Greece and Hungary pledge to phase out coal
Athens-based policy group The Green Tank labelled Greece’s decision “historic” while Europe Beyond Coal, an alliance of civil society groups working to make Europe coal free by 2030 said Hungary should target a more ambitious 2025 phase-out.
Sep 27, 2019 // Markets & Finance News, Policy, USA, Greece, Hungary, Trump, Europe, North America, coal, George Stassis, The Green Tank, János Áder, Kyriakos Mitsotakis’, Nikos Mantzaris
Naturgy switches on auction-backed 150MW solar trio in Spain
The government of Spain’s Castilla-La Mancha region has boasted about the territory’s solar credentials at the launch of an auction-backed utility-scale complex.
Sep 26, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, pv power plants, auctions, Europe, JinkoSolar, subsidy-free pv, tenders, toledo, Emiliano García-Page, Manuel Fernández
Solar drives Neoen profit boost as clean energy portfolio hits 9GW
Solar project milestones helped Neoen achieve a marked profit boost in the first half of 2019, culminating in the addition of more than 1GW to its clean energy portfolio.
Sep 26, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Tariffs, Portugal, France, IPP, Australia, pv power plants, Europe, neoen, solar-plus-storage, Oceania
BayWa r.e. to work on South Korea solar debut via new office
BayWa r.e. has added South Korea to its list of target markets, dropping its anchor in Seoul to oversee the deployment of its first solar pipeline in the country.
Sep 26, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, pv power plants, Asia, Korea, baywa r.e., apac, utlity-scale pv
Report: Slow, expensive nuclear no climate champion as PV costs drop
The world is witnessing an “organic nuclear phaseout” partly precipitated by a drop in solar and wind costs, according to a new report that posits that nuclear power is too slow to build and too expensive to run to effectively fight climate change.
Sep 26, 2019 // Plants, Markets & Finance News, Grids, Tariffs, UK, LCOE, Europe, nuclear, hinkley point, Michael Schneider
Macquarie announces major 20GW clean energy drive
Macquarie Group intends to build a 20GW renewables pipeline over the next five years through its Green Investment Group (GIG), the green finance bank it purchased from the British government in 2017.
Sep 26, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, UK, Australia, Europe, Oceania, macquarie, solarcentury, David Cameron, Green Investment Group
Scatec Solar amasses US$140m-plus in private placement raise
Scatec Solar has raised NOK1.32 billion (US$146 million) in a private placement for its global solar pipeline.
Sep 25, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Scatec, Malaysia, Ukraine, pv power plants, Europe, Asia, Africa, Egypt, mozmbique, Norway
European Investment Bank and FMO go halves on 80MW of Kenyan solar
The European Investment Bank (EIB) and Dutch development bank FMO have agreed to finance the construction and operation of a duo of Kenyan solar plants that have a combined capacity of 80MW.
Sep 25, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, utility-scale PV, Kenya, Africa, east africa, european investment bank, frontier energ, fmo, grid-connected pv, David Langat, Ayaz Merali
WoodMac: Bifacial solar poised to surge ten-fold by 2024
Bifacial PV stands on the edge of a boom across the world’s four corners as cost improvements and geopolitics strengthen the case for the budding technology, according to Wood Mackenzie.
Sep 25, 2019 // Manufacturing News, Markets & Finance News, USA, Wood Mackenzie, China, pv power plants, bifacial, Asia, North America, Xiaojing Sun
Microsoft to buy 230MW from Engie’s clean energy duo in Texas
Microsoft has purchased 85MW of solar energy from Engie as part of a broader agreement covering 230MW of clean energy generated by the developer's Texas operations.
Sep 25, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, Engie, First Solar, Microsoft, North America, corporate ppa
Lightsource BP completes financing for 125MW US portfolio
Lightsource BP has secured US$140 million financing for a portfolio of seven utility-scale PV projects across the US.
Sep 25, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, California, USA, Lightsource BP, Pennsylvania, North America, Kansas, New Mexico, Kevin Smith
More chances for solar in Polish large scale renewables auction
The advent of permitting restrictions on wind power projects has opened the door for PV in the pending auction for renewable generation facilities with a capacity of more than 1 MW. Wind power dominates Polish clean energy and no solar projects were successful in last year’s exercise.
Sep 24, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Poland, Europe, auction
Brazil’s Copel contracts 128 MW of solar and wind in own auction
The Paraná-based energy provider will buy renewable energy under a 15-year power purchase agreement. The auction’s winners and final prices were not revealed.
Sep 24, 2019 // Markets & Finance News, Brazil, Copel
France to fund innovative off-grid renewables projects in Africa
The French development agency and the environment ministry have a €1.6 million budget to finance novel off-grid projects from companies and NGOs operating with local partners in Africa.
Sep 24, 2019 // Markets & Finance News, France, Europe, Africa, NGOs