Solar Plants News

Soltec and CIP have joined forces to drive the green transition in Denmark, selling 850 MW of early-stage solar projects to CIP's Energy Transition Fund I. The projects span Denmark, with most located in the Jutland region, allowing both parties to participate in the booming Power-to-X industry.

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.

Dr Dan Lamb, from Swansea University, is researching the viability of low-cost, lightweight solar panels in space, to continuously generate energy and transfer it to Earth. Fueling green propulsion solutions, lunar bases, and space-based solar power, Lamb's work could revolutionize our energy sources.

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.

Dominion divests another large PV plant in Spain, taking its total divestment to over EUR 200 million. Invest in the future of renewable energy!

LONGi and Nofar Energy Romania have reached an agreement for a 576MW PV project in Romania, with Hi-MO 7 modules and ESG-compliant financing from a leading banking corporation. Mirel Jarnea and Favi Stelian are excited for the progress and future of sustainable energy in Romania.

Masdar to invest USD 4 billion in Uzbekistan for 2 GW wind farm and 1.15 GWh of storage capacity, enough to power 1 million homes. A further 1.4 GW of solar and wind projects also to be connected to the power grid.

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.

Statkraft is investing EUR 30 million in El Rancho, a 42.2-MW solar farm in Andalusia, Spain. This massive project will generate enough clean energy to power 30,000 homes annually, taking Statkraft's total investments in the region to a staggering EUR 500 million.

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.

Iberdrola's new 86MW hybrid facility in Cedillo, Spain is the first of its kind in the country. Combining hydroelectric and photovoltaic technologies, the project minimizes environmental impact and creates more stable and efficient renewable production. Iberdrola has plans to invest in more hybrid plants, with 5200MW already installed in Extremadura.