News

The Australian government has announced a Capacity Investment Scheme to increase renewables in New South Wales to 6 GW. The NSW Energy Roadmap's firming tender will increase from 380 MW to 930 MW and bids representing more than 3.3 GW have already been submitted. Final results announced by the end of September, with the next auction to be announced by October in South Australia and Victoria.

Polish general contractor Onde SA has sold its first self-developed solar project, Cyranka, for PLN 75 million to Engie Zielona Energia. The 18 MW Gizycko 1 & 2 solar farms commenced operations this year, with Engie now owning & operating 4 wind farms & 69 small PV parks with 63 MW.

Avaada Energy has closed a USD 1.3bn funding round, the largest equity raise for a green energy firm in Asia. Canada's Brookfield Asset Management and Thai power company Global Power Synergy have invested significantly, to be used for green hydrogen, green methanol, green ammonia projects and more. Recent tenders won by the firm amount to 1.8 GW. Sustainable future ahead with Avaada.

Eurohold Bulgaria AD's photovoltaic project, Verila, has become the largest solar power plant in Bulgaria with a capacity of 123 megawatts. 220,000 bifacial Tiger NEO TOPCon modules supplied by JinkoSolar are facilitating the country's transition to clean energy.

EneCoat and Toyota Motor Corporation join forces to develop and commercialize highly efficient automotive perovskite solar cells to contribute to achieving carbon neutrality. Their joint venture seeks to advance renewable energy, self-sufficiency, and power generation efficiency.

Scatec Solar has closed financing on 3 Grootfontein solar projects in South Africa with a combined capacity of 273MW. Construction to begin Q1 of 2024 and estimated to power 100,000 households. Financed by equity and $241m of project finance debt.

Imerys and British Lithium are partnering to mine battery-grade lithium carbonate in Cornwall. The venture could create 300 jobs and supply 500,000 electric cars with the component by 2030. Supported by UK government and Innovate UK, the project builds on Cornwall's mining heritage and could help secure the future of the car industry.

Meriaura Oy wins EUR-9-mil contract to build a 29,000 gross square metre solar thermal plant in Germany for Bauer Holzenergie GmbH u. Co.KG. Meriaura Group's CEO aims to decarbonise European heating sector. Delivery and commissioning scheduled for 2021 & 2024.

Sonnedix and Cox Energy have launched operations for their 160-MW Meseta de los Andes Solar Plant in Chile. Construction began in June 2021 and was completed in Spring 2023, with USD 120 million in financing provided by Sumitomo Mitsui Bank Corporation. Sonnedix has a strong presence in Chile, with 1.6 GW of renewable projects in development and 700 MW of capacity in operation.

Matrix Renewables, a TPG-backed platform, has acquired the 284-MW DC Stillhouse Solar Project in Texas. The project will start construction in 2024 and 6 GW of renewable energy and storage projects are already in the US. Recently, Matrix commissioned a 142 MW DC solar and 80 MWh battery storage project in California.

BlackRock has raised $500 million to build the largest grid-scale battery project in the Southern Hemisphere, with 850 megawatts and 1680 megawatt-hours of capacity. Rio Tinto is also increasing demand for battery metals to meet the goals of the Glasgow Climate Pact.

50MW solar development in North Yorkshire approved despite Council's refusal. Inspector noted benefit of immediate grid connection, contribution to renewable energy goals & biodiversity net gain. Costs awarded as Council failed to provide evidence to support refusal.

Solarpack, a Spanish developer, has signed a 10-year power purchase agreement with Shell Energy Europe, providing 105 gigawatt hours of clean energy a year. BBVA is financing the €38m project to support their commitment to sustainability and renewable energy, reinforcing Solarpack's presence in Europe. Shell Energy Europe is excited to be part of this transition to renewable energy, increasing Solarpack's installed capacity to 14,156MW worldwide.

Ampyr Solar Europe acquires a 390MW UK solar-storage portfolio, with five projects located in Somerset, Worcestershire, County Durham and Moray, Scotland. With 1.8GW in total, Ampyr Solar Europe and Tyler Hill are committed to delivering high-quality projects that are cost-effective and support local community development.

Assystem has been appointed by NEOM to conduct pre-development studies for seven potential solar photovoltaic parks in Saudi Arabia, potentially producing 20GW of energy across 420 square kilometers. Assystem will provide site assessment, environmental impact, permitting reports and more for this renewable energy project.