PV Power Plant

China could power up to 863GW of green energy with floating solar, allowing it to bring solar power to regions where land is limited. With the potential to occupy 7,117 square kilometres less land than traditional PV, floating solar offers higher power outputs and a more economic solution.

The DeGrussa solar and battery project, funded by ARENA, has been set for dismantling 7 years prior to its expected 25 year lifespan. Despite its premature end, Neoen is optimistic that its components can be repurposed, but questions remain about the financial return on the investment.

Neoen is quickly expanding their presence in Italy with the construction of their first three renewable energy projects. These 24.7MW solar farms in Lombardy and Marche will be operational in 2025, helping the government reach its 40% renewable energy goal. Intec Energy Solutions has been contracted as the solar EPC provider.

GCL SI and Ocean Sun have achieved a breakthrough in solar technology. Their BOOST floating solar demonstrator has 270 kWp of capacity, waterproof and frameless modules, and superior durability. It's set to revolutionize the industry with increased power output and affordability.

China's largest floating photovoltaic power station, Anhui Fuyang Southern Wind-solar-storage Base, utilizes flooded coal mining areas to generate renewable energy while protecting the local environment. Offsetting 220,000 tonnes of coal and 580,000 tonnes of carbon dioxide, the 'fishery-photovoltaic complementary' model provides clean energy for 700,000 people daily.

Egypt and China have signed an MoU to develop a massive 10GW solar project, promising 29,784GWh of clean energy and a transformative USD1bn savings in natural gas expenses. This will support Egypt's Green Corridor Initiative, helping it reach 42% renewables by 2030.

Globeleq acquires majority stake in Mozambique's Mocuba solar PV power farm, part of a 400MW African portfolio. Temane gas-to-power & Namaacha wind projects to reach financial close & commercial operations in 2024.

Rubis Photosol secures EUR 60 million loan from Bpifrance, BRED Banque Populaire and CIC for 8 solar projects, ranging 2MW-20MW. Two projects in Bellac and Mainzac will supply energy to Leroy Merlin. Construction underway, with Rubis Photosol managing operations and maintenance.

MPC Caribbean Clean Energy Fund secures financing for phase II of its Monte Plata solar farm in the Dominican Republic. Expansion to 75.6 MWp capacity with PPA monetisation expected to be operational in 2024. German asset and investment manager MPC Capital AG leads the project.

Renantis' 9.7-MW solar agrivoltaic plant officially in operation in Sicily: An innovative project that offers a 6% return for investors while creating jobs and supporting renewable energy.

Harnessing solar energy in Sanzhuang, Shandong province, a new 90-megawatt project is reducing CO2 emissions while creating jobs for local farmers and planting honeysuckle. Power up with clean energy!

Neoen has announced the construction of the 440MWp Culcairn Solar Farm, expected to create over 400 jobs and power 160,000 homes. Neoen has also secured a Long-Term Energy Services Agreement with the NSW government to help achieve its net zero emissions target.

SOFAR's new 300 MW utility project in China's Tengger Desert is expected to generate 540M kWh annually and save 160,000 tons of SCE. Over 1,300 inverters and the I-V scanning and SSLD feature for efficient and safe operation reflect the company's commitment towards global carbon neutrality. By 2022, SOFAR aims to increase production capacity to 10 GW for inverters and 1 GWh for batteries.

Valorem secures ETA for 300 MW solar project in Thessaly, powering 40,000 homes with 550 GWh of electricity each year. REN VALOREM Hellas is set to develop 700 MW of renewable energy in Greece.

Goldbeck Solar GmbH & Suncatcher Gruppe successfully sold a 9-MWp solar power complex in Barlinek, Poland. The 16,500 solar panels are estimated to provide clean energy to 4,000 households. Operations began in December 2023 - the first solar system of its kind in Poland.