Solar Plants News

Alight has signed a PPA with Axfood for the largest solar park in Sweden, unlocking non-recourse project financing. SEB will provide the debt financing to build the 64MW park, which will be operational in 2024 and feature initiatives to promote biodiversity.

Aura Power has achieved two major milestones - a 200-MW/800-MWh BESS in Italy and a 49.9-MW solar park in England - to power 35,000 homes & 21% of East Devon households. It also has 1-GW battery & 80-MW solar projects in the pipeline.

Soltech and Solgrid have entered a partnership to develop and operate 300 MW of ground-mount solar projects in Southern Sweden. Solgrid is investing SEK 2 billion with potential orders of SEK 1 billion for project development. Applications are submitted and construction is expected in 3-4 years.

SolarDuck, TNB Renewables and TNB Research are partnering to construct a 780-kW OFS research facility off the coast of Tioman Island in Malaysia. Their goal is to evaluate the feasibility of net zero emissions while providing a reliable and cost competitive energy supply. Hydro's aluminium profiles will be used for the project, with completion targeted for 2025.

Fred Olsen 1848 has launched Bolette - a proprietary system to allow floating solar arrays to cope with wave and wind loads. Bolette is a cost-effective and simple solution, with 150kW pilot installation planned in Norway this summer and 3MW commercial project in 2024. Unlock the potential of floating solar with Bolette.

CITIC Group Corp will invest BRL 2.5 billion to develop a solar project with a capacity exceeding 600 MWp in Brazil, creating 400-500 jobs and supporting the "Minha Casa, Minha Vida" housing programme.

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.