UTILITY-SCALE SOLAR

French solar designers, financiers and utilities have claimed government strategies to cut subsidies for PV project owners would certainly cause an "economic disaster" that might threaten the nation's power shift.

AES Corporation is to merge its US-facing clean power growth company with independent power producer sPower, producing a platform with a 12GW project pipe in the country.

A United States development pipeline containing 3GW solar and also 2.5 GWh of energy storage space has altered hands as asset manager Magnetar Capital acquires the renewable energy company of Lendlease.

Germany's RWE is on track to increase its solar as well as wind portfolio to 10GW by the end of 2020 as the company increases its renewable energy development following project appointing hold-ups due to the coronavirus pandemic.

Oil and gas significant Shell is looking to increase its use solar PV in Singapore as part of plans reduced its CO2 exhausts in the country by a 3rd within a decade.

The federal government of Colombia has actually introduced plans to hold a renewable energy auction in the very first quarter of 2021 that it says could stand for an investment of greater than US$ 6 billion in the nation.

Renewables will certainly be in charge of almost 90% of brand-new power capacity this year as the field shrugs off COVID-19, with an even better 2021 imminent.

Spain has actually approved a new framework for executing clean power public auctions with the initial set to proceed by the end of the year, as the country seeks to set up around 60GW of renewables by 2030.

Dominion Energy has sent propositions for nine brand-new solar projects in Virginia with a combined capability of nearly 500MW as the utility remains to develop out its renewables profile to satisfy its tidy energy responsibilities in the state.

Norwegian renewables large Statkraft is to acquire UK-headquartered solar designer Solarcentury, taking on a 6GW global portfolio in doing so.

Released in May 2020, the IEA's World Energy Investment 2020 pointed to a record downturn in international power financial investment. This write-up offers an upgrade to those figures based on extra recent analysis, showing that capital expenditures throughout the energy market are anticipated to fall by 18% this year to $1.5 trillion.

What stands to be Australia's biggest solar farm at 460MWp can currently proceed after Neoen settled a funding package for it.

Poland's biggest utility plans to develop 3GW of solar PV over the following ten years as it seeks to increase decarbonisation initiatives as well as come to be carbon neutral by 2050.

JinkoSolar has actually penciled a module supply arrangement to supply bifacial panels for Europe's largest bifacial solar project to date.

A round-up of the current news from the United States solar market, consisting of information from National Grid, Enact Systems as well as Inovateus Solar.