Category: Solar Power

BOOM Power secures co-investment partnership with Topsun for solar farm in UK

BOOM Power secures co-investment partnership with Topsun for solar farm in UK

February 27, 2025 | , ,

BOOM Power has secured a co-investment partnership with Topsun, a South Korean investor for the Low Farm Solar Farm. The project is located in the north of Flockton and east of Overton near Wakefield, West Yorkshire England. It is expected to generate up to 49.9 MW of low-carbon electricity for the local distribution network. Furthermore, as an equity holder, BOOM Power will oversee the construction of the Low Farm Solar Farm. Work on the project is scheduled to begin in 2025 and commercial operations will commence in 2026.

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Bluefield Solar completes £300 million refinancing for solar projects

Bluefield Solar completes £300 million refinancing for solar projects

February 26, 2025 | , ,

Bluefield Solar Income Fund has completed the refinancing of approximately £300 million as part of its management of 359 MW portfolio of solar PV assets. This solar portfolio is jointly owned with GLIL Infrastructure (GLIL). This refinancing replaces approximately £214 million of existing inflation-linked debt on the solar PV portfolio, with approximately £297 million of fixed-rate debt at an all-in rate of 5.8 per cent. Furthermore, Bluefield Solar has over 25 per cent share in the jointly owned portfolio whereas GLIL owns the remaining share.

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OCI Energy and Arava Power form JV to develop Texas solar project

OCI Energy and Arava Power form JV to develop Texas solar project

February 24, 2025 | , ,

OCI Energy and Arava Power have formed a joint venture (JV) to develop a 260 MWac solar farm. This project is called SunRoper and is situated in Wharton County, Texas. The project will provide clean energy to a region with one of the highest electricity demands in Texas and US. Furthermore, the solar farm will utilise the expertise of the two companies to help reduce emissions and provide affordable electricity. It will also support local economic growth through job creation and other investments in the region.

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EDPR NA launches 100 MW solar park in Mississippi

EDPR NA launches 100 MW solar park in Mississippi

February 21, 2025 | , ,

EDP Renewables North America (EDPR NA) has launched the 100 MW Ragsdale Solar Park (Ragsdale) in Madison Country, Mississippi. The project became operational in the fourth quarter of  2024 and will supply power directly to Entergy Mississippi’s transmission system. This project will provide sufficient energy to power around 15,700 homes in Mississippi annually. Furthermore, Amazon has contracted for entire 100 MW capacity of the project through a 15-year power purchase agreement (PPA).

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Solar power drives growth in renewables generation across the Americas: IEA

Solar power drives growth in renewables generation across the Americas: IEA

February 17, 2025 | , ,

Electricity demand in the Americas returned to growth in 2024, rising by 2.2% following a modest decline of 0.4% the previous year. The rebound in demand was led by the United States (+2%), Brazil (+6%) and Canada (+0.7%), which are the three largest electricity consumers in the region and together account for just over 85% of the market share. Renewable power generation grew by over 4% in 2024 across the Americas, primarily due to growth in solar PV and wind of almost 30% and 8%, respectively. Solar PV will be a key driver of increased renewable generation, and IEA forecasts an average annual growth rate of 20% during 2025-2027.

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Cleantech Solar commissions floating solar PV in Thailand

Cleantech Solar commissions floating solar PV in Thailand

February 13, 2025 | , ,

Cleantech Solar has commissioned 10 MWp of floating solar photovoltaic (PV) systems for Cargill in Thailand. These PV systems are a part of approximately 30 solar PV projects under various stages of operations, construction and development for Cargill. These projects are located at Cargill’s fully integrated poultry processing units in Korat and Sarabur. Furthermore, these floating solar systems are expected to generate around 285 GWh of clean energy over their lifetime.

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Enel North America commences operation of solar plus storage project in Texas

Enel North America commences operation of solar plus storage project in Texas

February 12, 2025 | , , ,

Enel North America has commenced operations of the Estonian solar-plus-storage plant which is situated in Delta County, Texas. This solar plus storage project consists of a 202 MW solar photovoltaic facility along with a 104 MW battery energy storage system. Furthermore, Estonian Solar is supported by a power purchase agreement (PPA) with BXP Inc. and Capri Holdings Limited. The project is expected to generate approximately 499 GWh of clean electricity each year.

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TMEIC commences operation of solar inverter factory in Texas

TMEIC commences operation of solar inverter factory in Texas

February 10, 2025 | , ,

TMEIC Corporation Americas which is a subsidiary of TMEIC Corporation (Japan) has commenced production of photovoltaic (PV) inverter manufacturing facility in Waller County, Texas. This is a 144,000 sq ft facility and it started manufacturing utility-scale PV inverters in November 2024. It surpassed the initial production expectations and manufactured over 300 PV inverters by February 5, 2025.

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Turkey awards 800 MW of solar capacity in YEKA auction round

Turkey awards 800 MW of solar capacity in YEKA auction round

February 10, 2025 | , ,

The Ministry of Energy and Natural Resources of Turkey has awarded 800 MW of solar energy capacity in the latest round of the YEKA program (Yenilenebilir Enerji Kaynak Alanlari). These projects will be established in Konya, Karaman, Malatya Van, Antalya, and Kütahya. The selected bidders will have the opportunity to sell the electricity they generate in the free market for 60 months after inking the contract. A total of 146 applications were submitted by 67 local and foreign companies.

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Matrix Renewables secures €40 million financing for six solar plants in Italy 

Matrix Renewables secures €40 million financing for six solar plants in Italy 

February 7, 2025 | , ,

Matrix Renewables has closed a €40 million non-recourse financing from UniCredit. This financing will support the development and construction of six solar photovoltaic (PV) plants across Sicily, Campania, and Lombardia. The projects have a total capacity of 40 MW and construction for these projects commenced in September 2024. Operations are scheduled to begin in the first quarter of 2025. Additionally, these projects are also expected to generate full-time jobs during the construction phase.

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Invenergy reaches financial close for 590 MW solar projects 

Invenergy reaches financial close for 590 MW solar projects 

February 3, 2025 | , ,

Invenergy has secured a $1.1 billion debt financing facility for three utility-scale solar projects in Ohio, Indiana, and Tennessee. This financing package includes a construction/bridge loan facility and a letter of credit facility. The projects that this financing applies to are the Cadence Solar Energy Center (240 MW) in Ohio, the Trade Post Solar Energy Center (200 MW) in Indiana, and the Yum Yum Solar Energy Center (150 MW) in Tennessee, which are currently under construction.

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Fixing Bangladesh’s Power Sector: Report

Fixing Bangladesh’s Power Sector: Report

January 31, 2025 | , , , ,

The report summarises that the Bangladesh Power Development Board (BPDB) continues to depend on hefty subsidy support from the government, despite a series of power tariff hikes, highlighting the need for reforms in the electricity sector. The proposed roadmap for reform suggests improving power demand forecasting methods by factoring in the role of energy efficiency to reduce overcapacity. It recommends limiting new investments in fossil fuels-based generation while promoting renewable energy deployment.

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Renewable energy development in Türkiye: EMBER

Renewable energy development in Türkiye: EMBER

January 31, 2025 | , , , ,

Türkiye’s solar energy capacity doubled in two and a half years and reached 19.6 GW by the end of 2024, achieving its 2025 target one and a half years early in 2024. This rapid progress showcases the country’s potential for more ambitious future goals. Over the past two and a half years, solar and wind energy combined have prevented $15 billion in natural gas imports, reinforcing Türkiye’s energy independence and reducing dependency on fossil fuels. Solar energy alone generated 52 TWh of electricity during this period, which accounted for 6% of the country’s total electricity supply. The country has a pipeline of 33 GW in pre-licensed storage-integrated solar and wind projects, far exceeding the official 2030 target of 2.1 GW

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Blueleaf Energy, Jakson Green to invest $400 million in 1 GW solar projects in India

Blueleaf Energy, Jakson Green to invest $400 million in 1 GW solar projects in India

January 31, 2025 | , ,

Blueleaf Energy has partnered with Jakson Green to invest $400 million in developing 1,000 MW of solar projects in Rajasthan. The investment is structured through a combination of debt and equity and includes three solar projects. These projects will integrate both inter-state and intra-state transmission systems and are backed by 25-year power purchase agreements secured with the Solar Energy Corporation of India, NHPC Limited, and Rajasthan Urja Vikas Nigam Limited.

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JUWI to build 340 MW of C&I solar projects in South Africa

JUWI to build 340 MW of C&I solar projects in South Africa

January 30, 2025 | , ,

JUWI Renewable Energies will commence construction on three major private solar projects in South Africa. The projects will have a combined capacity of 340 MW and investments in them already exceed $320 million. These projects will cater to key players in the mining, data centre, and energy sectors, including Glencore, Teraco, Sasol, and Air Liquide. Furthermore, these projects together will generate over 1 MWh of clean energy annually.

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Meta signs four new EAPAs with Zelestra

Meta signs four new EAPAs with Zelestra

January 30, 2025 | , ,

Meta has expanded its clean energy relationship with Zelestra by signing four new Environmental Attribute Purchase Agreements (EAPAs). These new EAPAs will help support the construction four new solar power projects in Hopkins, Lamar, Lampasas, and Henderson Counties in the US state of Texas. These four projects will have a combined capacity of 720 MWdc.

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Voltalia inks contract for 940 MW renewable energy projects in Brazil

Voltalia inks contract for 940 MW renewable energy projects in Brazil

January 28, 2025 | , , ,

Voltalia has inked a 940 MW maintenance contract with COPEL Get, a subsidiary of COPEL. This is a five-year agreement and covers a total installed capacity of 940 MW in the Brisa Potiguar, Cutia and Bento Miguel, São Bento do Norte, Jandaíra, Aventura and Santa Rosa Mundo Novo clusters. This maintenance agreement involves preventive and corrective maintenance of collector substations, medium voltage networks, and 138 and 230 kV transmission lines.

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JA Solar delivers 1 GW solar modules for renewable energy project in China

JA Solar delivers 1 GW solar modules for renewable energy project in China

January 27, 2025 | , ,

JA Solar has completed the delivery of high-performance n-type PV modules to the 1 GW PV project at the Ulan Buh Desert Northeast New Energy Base initiative in China. This energy base is envisioned as a significant hub for wind and solar power, with a planned capacity of 12 GW. The project began the first shipment from JA Solar in early 2024 and was completed within just 180 days

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Sol Systems commences construction of $345 million solar project in US

Sol Systems commences construction of $345 million solar project in US

January 27, 2025 | , ,

Sol Systems has achieved financial close and commenced construction on a $345 million solar project with a capacity of 182 MW. This project is called the Tilden project. The project is expected to generate clean energy sufficient to power nearly 33,800 homes annually in Illinois. It is currently under construction on a mine site in Randolph County, Illinois. Furthermore, the financial close was made possible through collaboration with ING, Churchill Stateside Group, Qcells, Nextracker, and McCarthy Building Companies.

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European Electricity Review 2025: EMBER

European Electricity Review 2025: EMBER

January 24, 2025 | , , , ,

The report summarises that the transition of the EU electricity sector maintained momentum in 2024, despite challenging political and economic conditions. Solar power grew strongly and overtook coal power for the first time. Another year of coal and gas decline – the fifth year in a row for gas – cut EU power sector emissions to below half their 2007 peak and further reduced reliance on imported fossil fuels. Significant progress has been made over the last EU political cycle, but delivery needs to be accelerated. The European Green Deal has delivered a deep and rapid transformation of the EU power sector. 

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