Solar Markets & Finance News

The energy regulator has set a 15-year payment of $0.10/kWh for PV projects with a generation capacity of 10 kW-1 MW. The first auctions for large renewables projects are planned for early next year and will grant a fixed rate rather than a variable premium.

NextEra Energy Partners has announced a private offering of US$500 million in senior unsecured notes due 2026 by its subsidiary company NextEra Energy Operating Partners (NEP OpCo).

Baltimore-based power provider Constellation has inked a deal to sell power from a 175MW solar facility in Virginia to Johns Hopkins University, spice and seasoning mix company McCormick & Company and department store corporation TJX Companies.

Energy companies are lacking any kind of certainty over Brexit and how it will affect the sector, but cannot allow it to have any impact on the “fundamental issue” of climate change and the energy transition, some of Europe’s leading utilities have said.

Politicians’ failure to form government pacts condemns Spain’s clean energy shift to further delays and uncertainty, the industry has warned as the country heads to fresh polls.

Mexico’s state-run utility and fossil fuel infrastructure need more time before the country can re-arrange the renewable auction it cancelled this year, a top official has said.

Fotowatio Renewable Ventures (FRV) has lined up finance for a major bifacial solar project it will develop in Mexico’s centre without the help of subsidies.

AleaSoft analyses fuel market prices, carbon emission rights, European electricity markets and renewable energy production. Last week most prices rose on the previous reporting period as solar and wind power production varied by country.

Solar and wind projects selected in the company’s latest clean energy procurement exercise have been awarded a 19-year power purchase deal, starting from 2023. Cemig has now contracted green power from 780 MW of renewable project capacity in three tender rounds held since June last year.

Spain’s subsidy-free solar scene has marked another boost after a power purchase agreement (PPA) was secured for a major project in the country’s centre-west.

Progress with solar projects worldwide have helped push ReneSola back onto the profitability path, with a cash boost "tentatively" secured from its top shareholder as short-term borrowings continue to pile.

The state-run Solar Energy Corporation of India (SECI) has revealed the results of two major utility-scale auctions held in June that saw six companies win 1.85GW of capacity.

The French oil giant and China’s Envision Group are forming a joint venture offering PV systems combined with energy management solutions. Total Eren is also involved in a 100 MW solar project in Uzbekistan.

The obligation will be applied annually from 2022. The clean electricity required will have to be bought through power purchase contracts of at least 10 years’ duration.

Tennet needs more than €4.75 billion to invest in cross-border grid infrastructure between Germany and the Netherlands, as rising volumes of solar and wind are complicating network operations, said Dutch Finance Minister Wopke Hoekstra in a recent letter to the Dutch parliament, adding that the government may need to privatize the state-owned transmission system operator or sell off a stake in it.