Category: Solar Power

Macquarie acquires additional ownership in Island Green Power

Macquarie acquires additional ownership in Island Green Power

May 5, 2025 | , ,

Macquarie Asset Management, through its managed funds, has acquired an additional 50 per cent stake in Island Green Power. This brings its total ownership in the business to 100 per cent. As per the transaction, the founders will retain full ownership of the company’s international operations, while the UK entity will shift its strategy from being a pure-play developer to an independent power producer (IPP), with a focus on building and operating renewable energy assets.

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Colorado’s Clean and Flexible Energy Future: Paper

Colorado’s Clean and Flexible Energy Future: Paper

May 2, 2025 | , , ,

This paper “Flexible, Clean Industry and Sustainable Energy Power Strong Economies” by Energy Innovation explores an emerging approach to transform cheap, clean renewable generation by co-locating with symbiotic new industries that can use electricity flexibly and how it could apply in Pueblo, Colorado. The combined resource creates a more dispatchable and reliable electric grid asset while at the same time providing an opportunity for host communities to capture more of the economic benefits of the energy transition. This approach is referred to as an “energy park.”

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APAC Energy Transition Readiness Assessment: Report 

APAC Energy Transition Readiness Assessment: Report 

May 2, 2025 | , , ,

The energy transition readiness assessment (ETRA) framework provides a structured, data-driven, and forward-looking approach to evaluate and analyze the readiness of developing Asian countries for energy transition. Most developing Asian countries require significant efforts to close the energy transition gaps to enable an effective transition, yet the readiness landscape is varied, indicating distinct opportunities and challenges among countries. Developing Asia’s energy transition readiness will be determined, in part, by the quality of its energy infrastructure, its ability to handle climate shocks, the flexibility of its power system, and readiness for digital solutions.

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Qair secures approval for wind and solar projects in Morocco

Qair secures approval for wind and solar projects in Morocco

May 1, 2025 | , , ,

Qair has secured key approvals for its Tetouan wind and Tiznit solar projects in Morocco. Both the projects will generate 505 GWh of clean energy annually. The projects will support Moroccan industries and reduce carbon emissions. The Tetouan wind farm is expected to start operations in 2029 and will produce 390 GWh per year. The Tiznit solar project, set for commissioning in late 2027, will generate 115 GWh annually.

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Türkiye Electricity Review 2025: EMBER

Türkiye Electricity Review 2025: EMBER

April 25, 2025 | , , , ,

In 2024, solar power in Türkiye increased by a record 39% year-on-year. This pushed solar’s share of electricity to 7.5%, up from 5.7% in 2023. Wind remained steady at 10.7%, close to the previous year’s level of 10.6%. As a result, the total share of wind and solar in electricity generation surpassed 18%. Despite an increase in electricity generation from coal (+4 TWh) in 2024, coal’s share in Türkiye’s electricity mix slightly declined from 36.9% to 35.6%. Annual electricity generation from wind and solar in 2024 was 62 TWh, above domestic coal (47 TWh) for the second year in a row.

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Decentralised Renewables for Zimbabwe Agriculture: IRENA

Decentralised Renewables for Zimbabwe Agriculture: IRENA

April 25, 2025 | , , ,

Agriculture is a critical sector in Zimbabwe, accounting for between 11% and 14% of the country’s gross domestic product. The sector employs 53% of the workforce and supports the livelihoods and food security of 70% of the population. Smallholder agricultural operations, typically managed by a single family or individuals, produce 70% of staple foods. However, most of these farmers have no access to electricity, with only 12% connected to the grid. Findings from the report identify critical energy gaps, such as limited access to water pumps, cold storage and post-harvest processing equipment.

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Celsia acquires 675 MW of renewable energy portfolio from Mainstream Renewable Power

Celsia acquires 675 MW of renewable energy portfolio from Mainstream Renewable Power

April 24, 2025 | , , ,

Celsia has acquired a 675 MW renewable energy portfolio from Mainstream Renewable Power. The portfolio consists of solar and wind energy projects, which are at various stages of development. The solar projects are Andromeda and Pollux, each with a capacity of 100 MW, and Aries with a capacity of 175 MW. The wind projects in the portfolio are Neptuno and Sirius, each with a capacity of 150 MW, located in La Guajira.

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Palladium and Arava sell solar plus storage portfolio to Exus

Palladium and Arava sell solar plus storage portfolio to Exus

April 23, 2025 | , ,

Palladium Energy (Palladium), through its joint venture with Arava Power Company (Arava), has sold the solar plus storage portfolio to Exus Renewables North America (Exus). The portfolio has 364 MW of solar and 280 MWh of storage capacity. The portfolio includes three mid-stage projects situated in PJM and MISO. The development, construction, and asset management of the portfolio will be carried out by Exus.

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Ameresco SUNEL secures three solar EPC contracts in Romania

Ameresco SUNEL secures three solar EPC contracts in Romania

April 22, 2025 | , ,

Ameresco SUNEL Energy SA, a joint venture between Ameresco and SUNEL Group, has secured €303.4 million engineering, procurement, and construction (EPC) contracts for three solar projects. These projects have a combined capacity of 466 MWp and are situated in the southwestern region of Romania. The projects will replace coal-fired power generation and strengthen Romania’s commitment to phasing out coal by 2032.

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JA Solar delivers modules for PV project in Inner Mongolia

JA Solar delivers modules for PV project in Inner Mongolia

April 22, 2025 | , ,

JA Solar has commenced delivery of 1 GW DeepBlue 4.0 Pro high efficiency PV modules for Suji Sandland PV project in Urad Front Banner, Inner Mongolia. Furthermore, after being completed by the end of 2025, the Suji Sandland project is expected to generate 2.96 billion kWh of electricity annually. The PV modules have been designed to endure high ultraviolet radiation, frequent sandstorms, and large temperature fluctuations.

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China has nearly 50% of the world’s solar capacity: IEA

China has nearly 50% of the world’s solar capacity: IEA

April 21, 2025 | , ,

In 2024, the global cumulative installed capacity reached 2.25 TW. It took more than 40 years to reach a cumulative capacity of 1.18 TW (in 2022), but just 2 years to double this. Growth in cumulative capacity remained over 35% — above average for the past 10 years. Within the Top Ten of total cumulative installed capacities, where last year the Chinese cumulative capacity was just over double that of Europe, this year it is triple. There is still a long gap before Japan, who slipping to 5th place and has a slowing market, will be overtaken in cumulative capacity.

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ACEN Australia secures AUD 750 million financing for renewable energy portfolio in Australia

ACEN Australia secures AUD 750 million financing for renewable energy portfolio in Australia

April 17, 2025 | , ,

ACEN Australia has concluded AUD 750 million portfolio debt financing for its operating renewable assets, along with financing for its new projects in Australia. This transaction will aid the financing of the company’s near-complete 400 MW Stubbo solar project in NSW. Furthermore, this transaction was supported by a group of 11 Australian and international lenders. Morgan Stanley and Macquarie Capital acted as joint financial advisors for the transaction.

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GreenYellow, STOA, and DEG achieve closing of YieldCo

GreenYellow, STOA, and DEG achieve closing of YieldCo

April 17, 2025 | , ,

GreenYellow, along with STOA and DEG, has achieved the financial close of a 189 MWp asset platform, YieldCo. YieldCo is a Singapore-based asset platform dedicated to operating self-consumption solar assets in Vietnam and Thailand. Furthermore, GreenYellow will continue to be the majority industrial shareholder with 51 per cent share in the asset platform. STOA and DEG together own 49 per cent stake in the asset platform.

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