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US utility-scale solar developer Heelstone Renewable resource LLC has actually secured USD 357 million (EUR 333.9 m) in the red funding to support the building and construction and operations of 5 utility-scale solar projects with a consolidated straight current (DC) capacity of concerning 345 MW.

Elecnor is now seeking an investor to acquire a controlling stake in their renewable energy business, Enerfin. With 1,552 MW of capacity in operation or under construction and a pipeline of 9,000 MW, Enerfin posted a net profit of EUR 5.75 million in Q1 2023. Discover the potential of this business opportunity.

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.

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.

Alcemi and Copenhagen Infrastructure Partners have been granted planning consent to build a 500MW/1000MWh energy storage facility in Coalburn, Scotland. The project is aiming to reduce 1.6 million tonnes of CO2 emissions over 35 years and support the national transmission system, while adhering to sustainability and safety standards. Final investment decision expected soon.

DNV has supported Solar Pacific Energy Corporation (SPEC) in a $29 million solar and storage project in Palau. Our expertise ensured the complicated hybrid solar and battery system was successfully installed on Babeldoab island, providing 20% of Palau's energy needs. SPEC now looks forward to more projects with DNV in the Asia Pacific region.

EDF Renewables UK has been granted approval from the UK government for its 500 MW solar project in Essex. Construction is projected to begin in 2026, with power to the grid in 2028. Furthermore, research into the potential benefits of large-scale solar on biodiversity and wildlife in the UK will be conducted.

Scatec Solar has closed financing on 3 Grootfontein solar projects in South Africa with a combined capacity of 273MW. Construction to begin Q1 of 2024 and estimated to power 100,000 households. Financed by equity and $241m of project finance debt.

SUNfarming invests $150 million in a 72,400 MWh solar farm, scheduled for completion by 2022. Get the latest details on this ambitious project.

New South Wales government has approved the construction of the Blind Creek Solar Farm, a 350-MW Solar Park with a 300MW/600MWh battery storage capacity. This USD368.6 million project will create 135,000 home-equivalent energy and offset 740,000 tonnes of CO2 annually. It will also include regenerative agriculture and benefit sharing scheme for local residents.

CIMIC Group's unit Pacific Partnerships acquires rights to develop 300-MW DC solar project in Queensland, capable of providing power for around 100,000 average-sized homes. Juan Santamaria notes Queensland is strategic focus for their diversified energy and utilities portfolio. Engineering, procurement and construction to be managed with an aim to commission in 2026.

Boom Power granted planning permission for 25.6MW Crays Hall Solar Farm in Essex, England. Project to generate up to 12,500 family homes' electricity needs, offsetting 13,300 tonnes of CO2 emissions. Expected to deliver 94% biodiversity net gain & 53% gain for linear habitats. Construction to commence in 1st half of 2022.

Elektroprivreda HZHB granted government approval to build a 150-MW solar PV park in Bosnia & Herzegovina. Project to require USD 98.9 million investment and generate 263 GWh of electricity annually. A step towards increased green energy capacity in Bosnia & Herzegovina.

Obton, a leading solar energy developer and investor, is set to build its first solar park in Sweden with 15MWp capacity. June 2021 marks the start of the project, with completion in 2025. Obton is overseeing studies, financing and construction, with plans for further solar projects in Sweden. With over 1.7 GWp of PV projects and 3.5 billion EUR in assets, Obton is a leader in the solar industry.

TagEnergy secures £70m debt package to finance 100MW battery energy storage system project in North Yorkshire. Tesla, Habitat Energy and RES to support construction of completed facility by mid 2024. CEO Franck Woitiez says innovative financing offers value and accelerating energy transition.