News

POWGEX-HYFI and BioPower announce an opportunity to build up to 30 GW of solar power plants in South Africa’s Mpumalanga province, with the initial capacity starting in 2024 and an estimated project cost of USD 2.5 billion. Lead financial adviser Signet Capital arranges a USD-450-million private placement.

New method developed by EPFL, University of Toronto and University of Kentucky enables perovskite solar cells to be more durable and efficient under high temperatures and humidity. Quasi-steady-state power-conversion efficiency of 24.09% achieved. Could bring us closer to large-scale deployment of this photovoltaic tech.

Waaree Renewable Technologies Ltd has switched on a 87.5-MW/122.5-MWp solar power plant in Madhya Pradesh, producing 349 million kWh annually. This 651 acre facility is part of a larger 150-MW/210-MWp project, with a 25-year contract. O&M for 2 years included.

Eku Energy and Renera Energy have signed an agreement granting 1GW of battery project rights to Eku Energy in Italy. The agreement will help Italy reach its 2030 renewable energy target of 65%. Eku and Renera will collaborate to deliver secure and reliable energy storage solutions. Italy is expected to become the 3rd largest energy storage market by 2030.

L&G NTR Clean Power (Europe) Fund partners with NordLB to finance 3 Spanish solar projects, supplying power for 51,424 homes. Additionally, the Fund acquires a 6-turbine onshore wind project in Narbonne, France, with power for 5500 households. Working with LGIM to accelerate energy transition in Europe.

Enel Green Power (EGP) has signed a deal with INPEX Corporation to sell a 50% stake in its Australian subsidiaries for €400 million. The transaction will positively impact EBITDA in 2023 and net debt in the long run. EGPA's portfolio includes solar and wind projects, plus innovative retail and trading solutions. Closing is subject to clearance from authorities.

FMPA and Origis Energy partner to expand Florida Municipal Solar Project to 600 MW, providing low-cost, reliable solar power to 20 municipal electric utilities by 2026. Cost-effective for customers and greener for the environment.

Italian startup Barrel has developed a solar and storage solution that comes in an "oil" barrel. Get up to 6 kW of output, 5.6 kW hybrid inverter and 3.55 kWh Li-ion battery for $3,300. Perfect for powering large apartments and already sent to conflict zones and remote areas.

Sumitomo Corporation and Rio Tinto partner with Australian Government's ARENA to build 2.5 MW on-site electrolyzer in Yarwun plant, Gladstone, Australia. This project is expected to reduce CO2 emissions by 3,000 tonnes per year and provide an opportunity for the use of hydrogen in calcination process at scale globally. Construction to begin in 2024 and complete by 2025.

NIPSCO, a NiSource Inc. subsidiary, has brought 465MW of solar parks online in Indiana. EDPR NA developed and installed them, which will bring in $101 million in tax revenue over 35 years. 75MW of battery storage capacity will accompany them, along with the retirement of the R.M. Schahfer coal-fired plant in 2025. NIPSCO's commitment to benefit customers includes going coal-free by 2028 and cutting their carbon footprint by 90% by 2030.

Solaris Energy has started construction on a 436-kW rooftop and carport solar project in Tucson, AZ, with financing, installation, and a lower electricity rate provided for the Icon Apartment Complex. This project provides shade to tenants and exemplifies Solaris Energy's commitment to sustainability. Partnering with Break of Day Capital, Solar Gain, and the Icon Apartment Complex, Alex Blackmer, Solaris Energy's CEO, is proud to bring this solar project to Tucson.

Trina Solar, a leading solar module manufacturer, has signed an 800MW supply deal with Aquila for PV panels to be used in Southern Europe. Projects are due for delivery in 2023 and 2024. More collaborations are possible in other markets.

Britvic and Atrato have signed a 10-year PPA for energy from a 28MW solar farm. 75% of Britvic's GB operations will be powered by the solar energy, and a CPPA in Ireland provides 100% renewable electricity for Ballygowan. The project is expected to be commissioned in 2024.

Morocco's Masen announces pre-qualification of six consortiums to construct 400 MW solar plant in the Atlas Mountains aiming to reduce dependence on fossil fuels. Leading consortiums include Cobra, EDF, Enel, Iberdrola, International Power and Acwa Power with a two-hour storage capacity. Morocco's goal is to reach 80% renewable energy by 2050, and Noor Midelt II is a major contributor to that effort.

Queensland Govt announces $62 billion plan to create 12 REZs, transition to 80% renewable energy by 2035, reduce energy prices, create jobs & protect habitats.