First Solar is in the process of selling a 10 GW utility-scale solar project platform to Leeward Renewable Energy Development in a $261 million transaction. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest benefit pension plans. The deal is expected to close in the first quarter, subject to regulatory approvals and customary closing conditions.
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Tesla has come a step closer to a more comprehensive ecosystem by launching a proprietary solar inverter. The product – the Tesla Solar Inverter – comes in 3.8 kW and 7.6 kW versions featuring two and four maximum power point trackers (MPPTs), respectively.
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Spain-based energy group Naturgy has acquired 100% of the economic interests in Hamel Renewables, a renewable energy company specialising in solar and energy storage. This transaction marks Naturgy’s entry into the United States renewable energy market as this is its first investment here.
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The French energy giant Total and 174 Power Global, a subsidiary of Hanwha Group, formed a 50:50 joint venture to develop a 1.6 GW project in the United States, including 12 utility-scale solar arrays and energy storage devices.
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Trina Solar has signed a long-term PV module supply deal with US energy major NextEra Energy totalling 4GW, thought to be the largest order of its kind outside of China. In a financial statement, Trina Solar said the PV module supply deal was for its high-efficiency large-area (210mm x 210mm) wafer-based modules, known at the Vertex series launched at the beginning of 2020.
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Amazon has announced five new renewable energy projects in China, Australia and the US that further support Amazon’s commitment to reach 80 per cent renewable energy by 2024 and 100 per cent renewable energy by 2030 (and potentially as early as 2025), as well as to reach net zero carbon by 2040.
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The US Department of the Interior (DOI) and the Bureau of Land Management (BLM) have granted the final approval for what they say will be the largest solar-power project in the U.S., a $1 billion installation in Nevada that could power about 260,000 households—enough to cover the residential population of Las Vegas. The land proposed for the 690 MW Gemini solar project is on the Moapa River Indian Reservation, 33 miles northeast of Las Vegas.
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