Solar Commercial Plants News

ReneSola touts profitability comeback but short-term debt looms high

Progress with solar projects worldwide have helped push ReneSola back onto the profitability path, with a cash boost "tentatively" secured from its top shareholder as short-term borrowings continue to pile.

Sep 17, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Tariffs, New York, China, renesola, shanghai, Shelley Xu, Xianshou Li

Six developers bag 1.85GW in Indian government solar auctions

The state-run Solar Energy Corporation of India (SECI) has revealed the results of two major utility-scale auctions held in June that saw six companies win 1.85GW of capacity.

Sep 17, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, India, Solar Energy Corporation of India, auctions, utility-scale, Rajasthan, tenders, ntpc corporation, mahindra susten

US utility-scale solar pipeline swells to record 37.9GW

The US now has a record-breaking 37.9GW of utility-scale solar in the works after 11.2GW of new projects were announced in H1 2019, according to a new report from Wood Mackenzie and the Solar Energy Industries Association (SEIA).

Sep 17, 2019 // Plants, Large-Scale, Commercial, Grids, USA, SEIA, UTILITY-SCALE SOLAR, Texas, Wood Mackenzie, Utah, Abigail Ross Hopper, ikea, ingka group, Colin Smith

EBRD to bankroll Kazakhstan’s new clean energy push after PV build-out

The European Bank for Reconstruction and Development (EBRD) is to spearhead the multi-million-euro new phase of Kazakhstan’s renewable programme, now set to progress from a PV-only first phase.

Sep 17, 2019 // Plants, Large-Scale, Commercial, EBRD, Asia, kazakhstan

Michigan utility issues RfP for PV projects in 25MW-to-200MW range

DTE Energy  is issuing a Request for Proposals (RfP) for a new pipeline of PV and wind projects in Michigan.

Sep 17, 2019 // Plants, Large-Scale, Commercial, USA, Michigan, dte, rfp

Dubai has 106 MW under net metering

Most of the generation capacity – around 63 MW – was deployed in the emirate over the last 14 months.

Sep 16, 2019 // Plants, Large-Scale, Commercial, Residential, Dewa, United Arab Emirates, Dubai, Shams Dubai

Total expands solar business in Asia

The French oil giant and China’s Envision Group are forming a joint venture offering PV systems combined with energy management solutions. Total Eren is also involved in a 100 MW solar project in Uzbekistan.

Sep 16, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, France, China, Total Eren, teess, Julien Pouget, Envision Group, Eno AIoT, EDEN Renewables

Brexit paralysis and lack of incentives leave community energy facing uphill struggle in the UK

The future benefits of technology such as smart meters and the associated aggregation of small scale generation are not being adequately rewarded, support for solar and wind is being cut off and parliament is fixated solely on one issue

Sep 16, 2019 // Plants, Large-Scale, Commercial, Residential, Policy, UK, Ofgem, Emma Bridge, Brexit, Ovo Energy, Patrick Allcorn

Colombia imposes renewables quota on power distributors

The obligation will be applied annually from 2022. The clean electricity required will have to be bought through power purchase contracts of at least 10 years’ duration.

Sep 16, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Carolina Obando, SER Colombia, Colombia

Australia’s AEMO radically curtails output of five large solar farms

The Australian Energy Market Operator constrained the output of several large-scale solar plants by 50% on Friday, in response to voltage fluctuations in a 220 kV network spanning the states of Victoria and New South Wales.

Sep 16, 2019 // Plants, Large-Scale, Commercial, Storage, Australia, AEMO, Oceania, ACES, Andrew Stiel

India’s SECI to supply 1.3 GW of clean power through recent deals

With India’s power minister hinting that a new renewable energy tariff policy could be in the works, the federal agency responsible for solar has started boasting about the volume of clean power it has in the pipeline.

Sep 16, 2019 // Plants, Large-Scale, Commercial, Tariffs, Policy, Floating PV, India, SECI, Asia, Floating solar, Rajasthan Urja Vikas Nigam, Rihand Dam, Kerala State Electricity Board, Raj Kumar Singh

Goldman Sachs reaches $4 billion in renewable investment potential

Goldman Sachs Renewable Power, a subsidiary of the investment banking giant, has reached an equity pool of $4 billion, which will serve to expand on the hundreds of megawatts in portfolios the company has acquired in the last 12 months alone.

Sep 16, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, SunPower, Goldman Sachs Renewable Power, Jon Yoder

Total, Envision’s JV launches commercial activity in China

TEESS, a 50/50 joint venture established by Total and Envision Group, has launched its commercial activity to develop on-site distributed generation solar projects for B2B customers in China.

Sep 16, 2019 // Plants, Large-Scale, Commercial, China, Total, teess, envision, Alex Sun, Julien Pouget

Study: Germany needs clean energy surge to replace coal, nuclear

Germany must embrace renewables and energy storage at an unprecedented scale if it hopes to offset the void left behind by coal and nuclear phase-outs, a new study has said.

Sep 16, 2019 // Plants, Large-Scale, Commercial, storage, ENERGY STORAGE, Germany, Europe, subsidies, bsw, zero-subsidy pv, Carsten Körnig

Fitch: Malaysian solar poised for growth despite record-low tariffs

Record-low tariffs seen in government auctions this month in Malaysia will not dent the country’s solar growth, according to analysts at Fitch Solutions.

Sep 16, 2019 // Plants, Large-Scale, Commercial, Grids, Tariffs, Malaysia, auctions, fitch solutions, tenders, market analysis

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