Category: Solar Power

Enlight secures $243 million construction financing for Quail Ranch project in US

Enlight secures $243 million construction financing for Quail Ranch project in US

April 16, 2025 | , ,

Enlight Renewable Energy (Enlight) has secured $243 million in construction financing commitments for the Quail Ranch project. This has been secured through Enlight’s US subsidiary Clenera Holdings LLC. The construction loan is a part of the financial close for Quail Ranch, which is located near Albuquerque, New Mexico, USA. Furthermore, the project combines 128 MW of solar generation with 400 MWh of battery storage capacity.

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Octopus Energy to develop 20 solar farms in South Korea 

Octopus Energy to develop 20 solar farms in South Korea 

April 16, 2025 | , ,

Octopus Energy Generation is backing Skygreen Energy to develop up to 20 small to medium-sized solar farms in South Korea in the next two years. These solar farms are expected to generate 140 MW of clean energy. The energy generated will be sufficient to power approximately 45,000 homes annually. Furthermore, this solar investment in South Korea will accelerate Octopus Energy’s plans for the Asian renewables market.

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Masdar and PT PLN ink agreement for floating solar project in Indonesia

Masdar and PT PLN ink agreement for floating solar project in Indonesia

April 15, 2025 | , ,

Masdar has inked two agreements with PT PLN, Indonesia’s state-owned electricity company for the development of floating solar power projects in Indonesia. The two companies have inked a MoU to develop a floating solar power plant at the Jatigede Dam reservoir in West Java. Furthermore, the project is being developed after Masdar secured the lowest tariff in the Hijaunesia 2023 bidding program.

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ContourGlobal commissions the Quillagua plant in Chile

ContourGlobal commissions the Quillagua plant in Chile

April 15, 2025 | , ,

ContourGlobal has commissioned the Quillagua plant, located in the municipality of Maria Elena, in the Antofagasta region of Chile. This is a 221 MWp photovoltaic solar plant with a 1.2 GWh battery storage system. Quillagua has the potential to deliver 200 MW of power for 6.2 hours after sunset. Furthermore, the Quillagua plant is a part of a larger development, which includes another project, the Victor Jara plant in the Tarapacá region.

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Tanzania invites bids for construction of 100 MWp solar project

Tanzania invites bids for construction of 100 MWp solar project

April 14, 2025 | , ,

The Tanzania Electric Supply Company Limited (TANESCO) is inviting tenders from all the eligible contractors for the construction of a 100 MWp solar PV plant, phase II. TANESCO is the Project Executing Agency for this project, which is situated in the Shinyanga Region. The government of the United Republic of Tanzania received financing from Agence Française de Développement for the cost of design, construction, and installation of this 100 MWp solar plant.

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Electricity Generation Trends in China and the US

Electricity Generation Trends in China and the US

April 14, 2025 | , , , ,

China’s electricity demand continued to grow – by 6.6% in 2024 (+623 TWh), down only slightly from 6.9% in 2023. 81% of the demand growth was met with the rise in clean generation – wind, solar, hydro, nuclear and bioenergy generation all rose. Electricity demand in the United States grew by 3% (+128 TWh) in 2024, caused partly by heatwaves over the summer months and partly as a rebound from a milder summer in 2023 when demand decreased by 1.3% (-55 TWh). The demand rise was predominantly met with higher solar, wind and gas generation, which also made up for a fall in coal generation (-22 TWh).

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Sunraycer closes $475 million financing for solar plus storage projects in Texas

Sunraycer closes $475 million financing for solar plus storage projects in Texas

April 11, 2025 | , , ,

Sunraycer Renewables (Sunraycer) has reached the closing of a $475 million project financing facility with MUFG Bank, Ltd., Nomura Securities International, and Norddeutsche Landesbank Girzonentrale. This brings the total amount raised by Sunraycer to $675 million over the last six months. This financing facility is split between a construction-to-term loan and a tax credit bridge loan. The projects in total have 241 MWac of solar and 125 MWac of storage capacity

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SFD inks loan agreement for renewable project in the Solomon Islands

SFD inks loan agreement for renewable project in the Solomon Islands

April 11, 2025 | ,

The Saudi Fund for Development (SFD) has inked a $10 million development loan agreement for financing a renewable energy project in the Solomon Islands. This renewable energy project aims to enhance the region’s renewables infrastructure through the development of solar power stations. These stations will have a total capacity of 35.5 MW, along with energy storage systems. Over the last few years, SFD has financed over 800 development projects.

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Need for Renewable Energy Transition in Australia: Report

Need for Renewable Energy Transition in Australia: Report

April 10, 2025 | , , , ,

The report “Our Renewable Future: A Plan For People And Nature” by WWF summarises that Australia needs a renewable energy transition that benefits people, climate and nature. To power our energy needs with renewables it’s estimated we would only require 1,200km2 – 2,000km2 or 0.0002% of Australia’s bountiful landmass (Blakers 2023). Already, renewables account for 40 per cent of the main power supply. Right now, there are legitimate concerns surrounding individual renewables projects, some of which have led to habitat destruction and impacts on threatened wildlife. 

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Apex Clean Energy divests 49 per cent stake in 251 MW renewables portfolio to EGCO Group

Apex Clean Energy divests 49 per cent stake in 251 MW renewables portfolio to EGCO Group

April 10, 2025 | , , ,

Apex Clean Energy has inked an agreement with Electricity Generating Public Company Limited (EGCO Group) for the partial sale of its renewable assets portfolio in US. Under the agreement, EGCO Group will acquire a 49 per cent ownership interest in the Pinnacle II portfolio, which has a combined capacity of 251 MW. The remaining 51 per cent stake will be owned by Apex Clean Energy, and it will oversee the operations of the projects.

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Celepsa and Zelestra ink PPA for 238 MWdc solar project in Peru

Celepsa and Zelestra ink PPA for 238 MWdc solar project in Peru

April 9, 2025 | , ,

Celepsa and Zelestra have inked a power purchase agreement (PPA) that guarantees the supply of renewable energy for Celepsa’s operations in Peru. The PPA will allow Celepsa to receive 450 GWh of renewable energy annually for its operations. Furthermore, under this agreement, Zelestra will build a 238 MWdc solar project in Peru. The new projects, along with the San Martín project, will increase Zelestra’s contracted portfolio to over 530 MWdc in Peru.

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RWE and PPC to construct 567 MWp solar project in Greece

RWE and PPC to construct 567 MWp solar project in Greece

April 9, 2025 | , ,

RWE and PPC, through their joint venture Meton Energy S.A., have taken a final investment decision for the construction of two large-scale photovoltaic (PV) projects. These projects will be situated in the Prefecture of Central Macedonia in Northern Greece. These are the Kotyli and Neo Syrakio solar farms with a total capacity of 567 MWp. The construction of these projects is expected to commence in spring 2025 and are expected to be commissioned by 2027.

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Autoliv inks VPPAs with Alight and Eurowind Energy

Autoliv inks VPPAs with Alight and Eurowind Energy

April 8, 2025 | , ,

Autoliv has inked virtual power purchase agreements (VPPA) with Alight and Eurowind Energy. The VPPA with Alight will enable the construction of a 100 MWp solar park in Eurajoki, Finland. This project will be operational in 2026 and produce 100 GWh annually. Furthermore, the VPPA with Eurowind Energy will provide clean electricity from the 48 MW Pecineaga wind park in Romania. This park will generate approximately 176 GWh annually.

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Sineng Electric to supply inverters for 1.6 GW solar project in China

Sineng Electric to supply inverters for 1.6 GW solar project in China

April 8, 2025 | , ,

Sineng Electric will be supplying 854.72 MW of high-efficiency string inverters to a 1.6 GW solar project situated in Inner Mongolia, China. The project is spread over an area of approximately 7,347 acres and has a total investment of 6.973 billion RMB. Furthermore, for the project Sineng Electric has provided 2,671 units of its high-power SP-350K-H1 string inverters. The inverters are equipped with Anti-PID and PID recovery functions.

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TotalEnergies acquires renewable energy portfolios across Canada and other markets

TotalEnergies acquires renewable energy portfolios across Canada and other markets

April 7, 2025 | , , ,

TotalEnergies has completed the acquisition of three renewable energy portfolios across Europe, Africa, and Canada. This includes the acquisition of VSB Group and SN Power for projects in Europe and Africa. It also consists deals with RES for acquiring renewable energy projects in Alberta. The acquisition of VSB Group comprises 500 MW installed or under construction capacity and a pipeline of more than 15 GW of solar and wind projects.

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ACME Solar secures Rs 24.91 billion for clean energy projects in India

ACME Solar secures Rs 24.91 billion for clean energy projects in India

April 4, 2025 | , ,

ACME Solar Holdings Limited has secured a Rs 24.91 billion long-term project finance for a duration of 18 to 20 years. The company will use these funds to refinance its existing debt and lower the financing costs for its 490 MW operational renewable energy projects in Andhra Pradesh, Rajasthan, and Punjab in India. This initiative supports ACME Solar’s objective of lowering overall interest costs for its operational projects.

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EDPR NA launches 100 MW solar park in Indiana 

EDPR NA launches 100 MW solar park in Indiana 

April 4, 2025 | , ,

EDP Renewables North America (EDPR NA) has launched the 100 MW Riverstart III Solar Park (Riverstart III) in Randolph County, Indiana. This represents the newest third phase of Riverstart Solar Park. Riverstart III will generate electricity equivalent to the consumption of more than 19,200 households in Indiana.  Furthermore, Amazon has contracted for the entire 100 MW of the solar park through a long-term power purchase agreement.

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AIP Management acquires 49.99 per cent stake in solar and storage project in Texas

AIP Management acquires 49.99 per cent stake in solar and storage project in Texas

April 3, 2025 | , , ,

AIP Management has inked an agreement to acquire a 49.99 per cent equity stake in Pine Forest. This project from Clearway Energy Group consists of a 300 MWac solar photovoltaic system and a 200 MW/400 MWh battery energy storage system. The total investment for the project is around $ 200 million. Furthermore, this project is located in the ERCOT North market region. The project is currently under construction.

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Avangrid begins commercial operation of 238 MW solar project in Texas

Avangrid begins commercial operation of 238 MW solar project in Texas

April 1, 2025 | , ,

Avangrid has achieved commercial operations of the True North Solar project. This is a 238 MW solar project situated in Texas, US. The solar project will deliver energy to the Texas Grid. It will also support Meta’s operations, including its upcoming data center facility in Texas.  Furthermore, the True North Solar project represents a $369 million investment in central Texas. Additionally, the project will contribute $40 million in property taxes throughout its lifetime.

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RPC acquires renewable energy portfolio of Njordr AS in Sweden and Finland

RPC acquires renewable energy portfolio of Njordr AS in Sweden and Finland

April 1, 2025 | , , ,

Renewable Power Capital (RPC) an Europe-based renewable energy company has acquired the Swedish and Finnish portfolio of Njordr AS. This portfolio consists of the onshore wind and solar development business of Njordr AS, which is a subsidiary of Vanir Green Industries. Furthermore, this transaction includes 22 early-stage onshore wind and solar power projects, which have an expected installed capacity of up to 1.9 GW.

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