Solar Plants News

Voltalia celebrates inauguration of 49.9-MW South Farm Solar Park in Dorset, England, supplying power to City of London business district with annual output estimated to cover consumption of 35,000 people and over 50% of the Corporation's electricity needs.

Nexif Ratch JV achieves fin close on 74-MWp Philippine solar project: Joint venture of Nexif Energy and Ratch Group secures debt financing for construction of Calabanga solar plant, to be completed by Q2 2024. 70% of project cost to be funded through limited recourse.

China is constructing the world's largest photovoltaic facility, estimated to cost 45.2 billion yuan ($6.32 billion). The projected facility will be located in Shaanxi Province, and will feature an annual production of 100 GW monocrystalline silicon wafers and 50 GW monocrystalline cells.

Dubai has inaugurated the 900 MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park, reducing 1.18 million tonnes of carbon emissions annually and providing clean energy to 270,000 residences. It is expected to reduce 6.5 million tonnes of carbon emissions when fully completed.

ACWA Power and China Energy International Group sign EPC contract for Uzbekistan's solar PV project, promising to bring clean energy to the region and support Uzbekistan's commitment to a low-carbon economy.

SABIC awards Iberdrola a $76 million contract to develop a 100 MW solar plant in La Aljorra, complete with 260,000 solar panels. The plant will supply SABIC's polycarbonate facility with renewable electricity to support sectors such as automotive and construction.

Coro Energy has signed a USD-1.3-million agreement to acquire a 2.39 MW rooftop solar portfolio in Vietnam, with an 18-year power purchase agreement and a payment plan including cash, new shares, and existing specialist debt. Completion expected in Q4 2023.

Grenergy Renovables SL, a Spanish renewables developer-operator, has agreed to sell its 150 MWp Belinchon solar power facility in Cuenca to a European IPP. The transaction is expected to close by the end of the year, with a net profit of EUR 83 million. This is the first milestone of the Valkyria initiative, with 1.1 GW of solar assets to dispose of in Spain and a pipeline of 14 GW, including 1.8 GW of assets and 10 GWh of energy storage projects.

Voltalia has officially inaugurated its largest solar park to date in the UK. South Farm Solar Park has a capacity of 49.9MW, enough to cover half of the City of London Corporation's electricity needs. The project is funded by Santander UK and contributes to the City of London Corporation's energy transition away from fossil fuels.

Chile's energy regulator and grid operator have criticized incentives for small plants, but lenders welcomed BlackRock's April deal for its competitive return on equity and low risk in a ESG-focused market.

EDPR signs PPA with Google for four photovoltaic projects in The Netherlands. This agreement marks the first PPA secured by German solar developer Kronos Solar EDPR and sends a strong signal for its 5GW+ project pipeline. Now accelerating the production of clean energy in The Netherlands and other European markets.

European Energy has signed a 10-year Power Purchase Agreement (PPA) with Faerch Group to supply renewable energy from the 40MW Bubney Solar Farm. This partnership will reduce carbon emissions and improve sustainability for Faerch Group while providing a milestone for European Energy's UK energy operations.

Montenegro's CGES and MEnergy agree to connect 385MW solar power plant to the grid, with gov't support to grow solar energy. Tax incentives and network investments of EUR 195 million further the cause

Vena Energy has obtained JPY-16.9-billion financing for its 53-MW Kasama solar project in Ibaraki, Japan. The project will provide clean energy to over 14,000 households annually, as part of the company's 2.7 GW operational portfolio.

Vaisala's new AWS810 Solar Edition is an IEC-compliant automated weather station providing 360-degree, always-on monitoring. Featuring modular design, extensive data validation and easy-to-use setup, the station reduces costs and maintenance while offering real-time lightning data, solar energy forecasts and more.