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LyondellBasell Achieves Half of 2030 Renewable Energy Target
Chemical conglomerate LyondellBasell has signed 8 power purchase agreements for 560 MW of renewable energy capacity, achieving over half of its target for 50% green electricity by 2030.
Feb 9, 2023 // Markets & Finance News, Power Purchase Agreements, PPAs, virtual ppa, LyondellBasell, Nordic RE projects, Tarragona PPA Solar Project, Willemien Terpstra
PKN Orlen to invest EUR 15bn in renewable resource by 2030
Polish oil as well as gas major PKN Orlen (WSE: PKN) has allocated PLN 70 billion (USD 15.8 bn/EUR 14.8 bn) for developing renewable resource sources under its upgraded method for the 2023-2030 period, the company claimed on Tuesday.
Mar 1, 2023 // Markets & Finance News, PKN Orlen
First Solar Bags $1BN to Fuel Growth
First Solar Inc. secures USD 1 billion revolving credit facility from JP Morgan Chase Bank to finance expansion in India, Alabama, and Ohio. Facility enables company to open 3.4-GW DC production facility and R&D center, aiming to have over 20 GW DC of factories in 2026.
Jul 7, 2023 // Markets & Finance News, USA, Alabama, India, First Solar, Asia, North America, Ohio, JP Morgan Chase Bank
$2.2B Financed for Saudi's Largest Solar Project
Financing for Al-Shuaibah 1 & 2 solar projects secured by ACWA Power at SR8.3 billion. Investment to power 350,000 homes in Saudi Arabia to support Vision 2030 energy goals. Consortium of local, regional, international banks to provide SR6.1 billion in senior debt & SR4.4 billion US-dollar commercial facility. Project to begin commercial operations by Q4 2025.
Jul 17, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Saudi Arabia, Asia, ACWA Power, PV Power Plant, Solar Project
Heliene Secures Historic 1.5GW Solar Module Order
Heliene Inc, a Canadian solar panel maker, has secured an order from US-based Nexamp Inc for 1.5 GW of solar modules - the largest community solar order in US history. Nexamp is financing the construction of 250 MW of PV parks across 6 states. Heliene has 3 production facilities in the US and Canada.
Sep 1, 2023 // Manufacturing News, Canada, PV module, North America, heliene
Saudi Arabia Seeks 3.7GW of Solar Projects
Saudi Arabia is inviting developers to take part in its ambitious NREP 5 round, which aims to add 7.2 GW of solar capacity across 4 regions. The largest project, Al Sadawi, offers 2 GW capacity in the Eastern Province. Don't miss your chance to join this initiative and help shape the renewable energy future of the country.
Nov 13, 2023 // Plants, Large-Scale, Commercial, Saudi Arabia, Asia, PV Power Plant
First Solar to Sell $700M IRA Tax Credits to Fiserv
First Solar is selling up to $700 million of 45X Advanced Manufacturing Production tax credits to Fiserv to become a clean-energy leader and reduce reliance on Chinese-made components. $0.96 of credits per $1 of tax will be received in 2024.
Dec 28, 2023 // Markets & Finance News, First Solar, IRA
Greece's Helleniq Energy Shines with 260-MW Solar Project
Greek oil company Helleniq Energy Holdings secures environmental approval for a 260-MW solar park in Western Macedonia, as part of its ambitious plan to reach 2 GW of renewables by 2030.
Jan 25, 2024 // Plants, Large-Scale, Commercial, Greece, Europe, PV Power Plant, Helleniq Energy
Atlas Renewable Energy's Solar Milestone in Colombia
Atlas Renewable Energy's acquisition of the Shangri-La solar project in Colombia marks a major milestone in their mission to provide clean energy and promote sustainability in Latin America.
Feb 26, 2024 // Plants, Large-Scale, Commercial, South america, Atlas Renewable Energy, Colombia, PV Power Plant
Meta Platforms Goes Green with Arevon Energy Partnership
Arevon Energy partners with Meta Platforms for the Kelso Solar Project, bringing 349 MW of renewable power to Missouri and economic benefits to the region.
Mar 6, 2024 // Plants, Large-Scale, Commercial, USA, North America, Arevon Energy
OCI Holdings secures $7B solar deal with Trina Solar
OCI Holdings secures $7 billion deal with Trina Solar, highlighting global demand for sustainable polysilicon. Non-Chinese supplier OCI also signs $1 billion contract with CubicPV.
Mar 25, 2024 // Manufacturing News, Trina Solar, OCI Holdings
Amazon's Green Power Deal: AmpIn's Solar Success Story
Amazon partners with AmpIn Energy Transition in India for green power supply from 100-MW solar park in Rajasthan, saving 6 million tonnes of CO2 emissions.
Apr 4, 2024 // Plants, Large-Scale, Commercial, Amazon, PV Power Plant, AmpIn Energy
SUNfarming secures PLN 118m refinancing for 40MWp solar projects
SUNfarming secures funds to refinance 40 MWp solar projects in Poland, with more projects in the pipeline. Leading the way in sustainable energy solutions.
May 20, 2024 // Plants, Large-Scale, Commercial, PV Power Plant, SUNfarming
Plenitude, Avintia Energia Partner on 850 MW Solar in Spain
Italian company Plenitude and Spanish contractor Avintia Energia team up for 850 MW solar projects in Spain, with potential to reach 1 GW. Exciting developments in renewable energy ahead!
May 20, 2024 // Plants, Large-Scale, Commercial, Spain, Europe, PV Power Plant, Plenitude, Avintia Energia
BNDES funds solar, hydro projects in Brazil's Santa Catarina
BNDES approves $40 million loan for solar and hydropower project in Brazil, powering 70,000 homes and advancing sustainability goals.
Jun 18, 2024 // Plants, Large-Scale, Commercial, South america, Brazil, PV Power Plant, BNDES