News

ReNew Power Pvt Ltd and Gentari Sdn Bhd join forces to invest in renewable energy projects in India, with a total capacity of 5 GW and plans to develop 30 GW by 2030. ReNew also aims for net-zero status by 2040.

SUNfarming invests $150 million in a 72,400 MWh solar farm, scheduled for completion by 2022. Get the latest details on this ambitious project.

Clearway Energy Group has closed a 147-MW/588-MWh battery energy storage system project in California's Kern County. Financing came from a consortium of lenders, HASI, Clearway Energy Inc, and a committed tax equity investment. SCE will purchase the energy storage capacity to help improve grid reliability. SEO writer with 10 years experience.

A French-Egyptian consortium is exploring the potential of building two solar energy plants to serve Egypt's metal and aluminum industry. Orascom Construction PLC and Engie met with Egypt's public business sector minister to discuss the renewable energy projects, which could further the country's renewable energy goals.

Malaysia's groundbreaking renewable energy plan is expected to bring increased investment and regional energy security, with 6 billion ringgit invested in Southeast Asia's largest solar hybrid facility. Tenaga, Malakoff, Sime Darby Property and Petronas are working together to achieve the 70% capacity target by 2050.

First Solar to build 279 MW (dc) thin film solar panel project in Lawrence County, Alabama, slated for completion in 2027. Up to $1.3bn investments, $1.1bn Lawrence County facility, $185m Ohio expansion, $370m R&D innovation center in Perrysburg, Ohio and 5GW of modules with Energix Renewables in Israel. Tennessee Valley Authority (TVA) contract.

Tesla and UGL join forces to deliver an extension of the Western Downs Battery project in Queensland, Australia, increasing capacity from 200 MW/400 MWh to 270 MW/540 MWh. Construction to be completed by 2024-2025. Neoen begins construction on Storbötet and Lumivaara wind farms in Finland, total capacity of 161.2 MW.

BloombergNEF report suggests Japan can reduce emissions and import costs by transitioning to mature clean energy technologies. Investing in wind, solar and electric vehicles, as well as in $489.3B grid infrastructure, could help Japan reach net-zero emissions by 2050 and improve energy security.

SJVN wins contract to install 1.2 GW solar parks across India & 200 MW in Punjab. The projects will be developed on BOO basis with 25-year PPA. An estimated cost of INR 70 billion with completion by Dec 2024. SJVN aiming for 25 GW of renewable energy capacity by the end of the decade.

Qair Brasil inaugurates 429.4-MW hybrid solar and wind cluster in Ceara, Brazil. Project will generate enough clean energy to power 800,000 households, plus 280-MW hydrogen project for events. First of its kind in Brazil, helping transition to renewable energy.

TotalEnergies SE (EPA:TTE) has agreed to take full control of Total Eren, a French energy major, for an enterprise value of about EUR 3.8 billion (USD 4.22bn). TotalEnergies will benefit from Total Eren's 3.5 GW renewable energy capacity and 10 GW project pipeline in 30 countries.

Heliene, a Canadian solar panel manufacturer, is expanding its operations to Minnesota, investing $145 million to build a 1GW solar panel and 1.5GW solar cell manufacturing plant. Production will begin in 2024/2025, with updates to existing facilities also taking place. Learn more about Heliene's ambitious expansion to the Midwest.

DIF Capital Partners has announced a £200 million investment into Field, a London-headquartered developer and operator of battery energy storage systems, to expedite the development of its 4.5 GWh pipeline of grid-scale projects in UK and Western Europe. Field is already operating a 20 MWh battery project in Oldham, and has four other sites totalling 210 MWh.

Pacific Hydro is investing USD 260 million in its first solar farm in Chile, the 293-MWp Desierto de Atacama solar park project. With the expansion, it will generate 784 GWh of electricity, enough to power 310,000 homes. This project is part of Chile's 'National Energy Strategy 2050' for a 70% clean energy mix by 2050.

Meyer Burger Technology AG announced the construction of a 2-GW solar cell production facility in Colorado Springs, creating 350 jobs and offering tax credits and discounted rates. The company is receiving prepayments and a loan, and will adjust sales and marketing to cope with the challenging EU solar market. Initial EBITDA figures show a loss of EUR 42 milllion.