Category: Solar Power

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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TPCL and NTPC form JV to develop solar project in Sri Lanka

TPCL and NTPC form JV to develop solar project in Sri Lanka

January 23, 2025 | , ,

Trincomalee Power Company Limited (TPCL) which is a joint venture (JV) between NTPC Limited and the Ceylon Electricity Board (CEB) is developing a 50 MW (extendable to 120 MW) solar project in Sampoor, Trincomalee, Sri Lanka. The company has finalised the tariff for the project at 5.97 US cents per unit. Furthermore, the finalised tariff structure will ensure long-term energy security while aligning with Sri Lanka’s renewable energy ambitions.

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Sembcorp inaugurates 588 MW solar project in Oman

Sembcorp inaugurates 588 MW solar project in Oman

January 22, 2025 | , ,

Sembcorp Industries (Sembcorp) has inaugurated its Manah 2 Solar Independent Power Project in Manah, Oman. The project has an installed peak capacity of 588 MW. It is Sembcorp’s first greenfield renewables development in the Middle East. The project is backed by a 20-year 500 MW power purchase agreement with Nama Power and Water Procurement Company. Furthermore, when fully commissioned, the project is expected to produce 1.5 million MWh of clean energy annually.

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Vikram Solar bags 1 GW solar module order in India

Vikram Solar bags 1 GW solar module order in India

January 22, 2025 | , ,

Vikram Solar has secured 1,000 MW order to supply solar photovoltaic modules for renewable energy projects in Karnataka, Gujarat, and Rajasthan, India. The modules will be deployed under JSW Neo Energy Limited’s renewable energy initiative. The contract involves the supply of Hypersol N-Type TOPCon Glass-to-Glass Modules, each with a power output of 580 Wp or higher.

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Vena Energy and LINE Yahoo ink VPPA for solar project in Japan

Vena Energy and LINE Yahoo ink VPPA for solar project in Japan

January 21, 2025 | , ,

Vena Energy and LINE Yahoo Corporation (LYC) have inked a virtual power purchase agreement (VPPA) centered on the Maniwa Solar Project. This is a 72 MW solar project and will be built on a repurposed golf course in Maniwa City, Okayama Prefecture. It is expected to be operational by 2026. Furthermore, this clean energy output will be traded on the Japan Electric Power Exchange (JEPX) through Digital Grid Corporation.

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Plenitude to acquire solar and storage plants from EDP Renewables in US

Plenitude to acquire solar and storage plants from EDP Renewables in US

January 20, 2025 | , , ,

Plenitude, through its US subsidiary Eni New Energy, has inked an agreement with EDP Renewables North America LLC. Under this agreement, Plentitude will acquire a 49 per cent equity stake in two photovoltaic plants and an electricity storage facility currently under construction in California, US. The projects include the Sandrini 100 and Sandrini 200 solar farms, as well as the Sandrini BESS storage facility.

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Masdar inks agreements to develop 1 GW renewable energy projects in Philippines

Masdar inks agreements to develop 1 GW renewable energy projects in Philippines

January 20, 2025 | , , ,

Masdar has inked an implementation agreement and a MoU with the Philippines government to develop 1 GW of clean energy projects to strengthen its growing portfolio in Southeast Asia. These agreements have been inked with the Department of Energy and the Board of Investments of the Republic of the Philippines respectively. These agreements will cover the development of solar, wind, and battery energy storage systems which will have a combined capacity of up to 1 GW by 2030.

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EU 2040 Climate Target: Building Blocks and Measures

EU 2040 Climate Target: Building Blocks and Measures

January 20, 2025 | , , ,

The European Climate Law (ECL) requires the EU to adopt a climate target for 2040. The European Commission recommends an EU climate target for 2040 of 90% reduction in net GHG emissions by 2040 (compared to 1990). Achieving emission reductions on this scale is indispensable if the EU is to stay on a realistic path towards climate neutrality by 2050 and net negative emissions thereafter. To achieve emission reductions on this scale, the EU must meet its 2030 climate target and scale up its current reduction efforts significantly. EU is projected to only reduce net emissions by 54% in 2040, and 62% if additional measures are implemented.

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Analysis of UK’s Clean Power Mission: Report

Analysis of UK’s Clean Power Mission: Report

January 17, 2025 | , , , ,

This report concludes that the clean power mission offers the chance to revolutionise the UK economy, accelerating the transition to net zero while reforming power policies so the benefits of decarbonisation are felt in people’s pockets. Reaching clean power by 2030 can be achieved with electricity bills at a similar level to today and reduced exposure to gas prices under existing pricing policies. However, our Electricity Bills Charter aligns the path for decarbonising the power grid with significant reductions in bills, which could offer savings of over £200 a year by 2030.

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Rooftop Solar Savings for Japanese Households: Brief

Rooftop Solar Savings for Japanese Households: Brief

January 17, 2025 | , , ,

Policy interventions such as tax credits and feed-in-tariffs, have been shown to increase adoption of rooftop solar across the UK, EU and US. Zero Carbon Analytics calculated that Japanese households with solar panels in FY 2020 would have saved on average nearly 135% compared to those without, receiving a net benet of JPY 37,422. Households saved over JPY 143,000 in total from reductions in electricity bills and payments from the sale of excess solar power.

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Renewable Power in Central Africa: IRENA

Renewable Power in Central Africa: IRENA

January 17, 2025 | , , , , ,

In all the scenarios covered by this report, renewables are central to meeting demand and trade expansion in Central Africa. In every scenario, out to the modelling horizon of 2040, hydropower remains the largest renewable energy source in the region, supplying nearly 70% of its electricity.  Reductions in the cost of solar PV and wind are driving their expansion in the regional capacity mix. There is large, untapped potential for cross-border electricity trade inside and outside the CAPP region. Cumulative system costs and investment in the CAPP region vary significantly depending on future assumptions in the areas of demand and cross-border trade

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Mirova invests $10 million in solar rooftop projects in Vietnam

Mirova invests $10 million in solar rooftop projects in Vietnam

January 16, 2025 | , ,

Mirova, an affiliate of Natixis Investment Managers, has invested in ecoligo, a global player in commercial and industrial (C&I) solar solutions. This investment is aimed at funding a portfolio of greenfield C&I solar rooftop projects in Vietnam. It represents the first investment by the Mirova Gigaton Fund in Vietnam, with a commitment of $10 million in senior debt financing. Furthermore, this loan from Mirova will enable ecoligo to expand its C&I solar business in Vietnam.

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China’s Domination Over Global Solar PV Supply Chain

China’s Domination Over Global Solar PV Supply Chain

January 13, 2025 | , ,

China’s competitive edge in solar PV manufacturing over other countries comes from four key factors: economies of scale, supply chain vertical integration, technological innovation, and government support. In this list, economies of scale and supply chain vertical integration are the two most important factors. China managed better than any other country to reap these economies of scale. The recipe to maximize economies of scale is straightforward: the bigger, the better.

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EWEC issues RFP for 1,500 MW solar power project in UAE

EWEC issues RFP for 1,500 MW solar power project in UAE

January 13, 2025 | , ,

Emirates Water and Electricity Company (EWEC) has issued a request for proposals (RFP) to pre-qualified companies for the development of the Zarraf Solar PV Independent Power Producer (IPP) project. The project is located in the Al Zarraf area of the Al Dhafra region and will have a 1,500 MW power generation capacity. Furthermore, the RFP is being issued to bidders who successfully completed the qualification process following the Expression of Interest (EOI) stage in October 2024.

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Developing Large Scale Renewables in Sub-Saharan Africa: Report

Developing Large Scale Renewables in Sub-Saharan Africa: Report

January 10, 2025 | , , , ,

The key objectives of this report are to: Explore current approaches to community participation in, benefits from, and ownership of large-scale wind and solar projects aiming for social justice and sustainability. Examine the potential for integrating improved practices into policy making, considering the specific contexts of various Sub-Saharan African countries. Deepen knowledge and understanding of stakeholder experiences in large-scale renewable energy projects. Explore and highlight reasons for failures to create enduring local benefits where possible. 

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CHN Energy connects offshore solar-hydrogen project to the grid

CHN Energy connects offshore solar-hydrogen project to the grid

January 8, 2025 | , , ,

CHN Energy’s Guohua Energy Investment Co., Ltd. which operates the Rudong Integrated Photovoltaic (PV)-hydrogen-storage project has connected it to the grid. This project is located on the coastal tidal flats of the Yudong Reclamation Area in Rudong County. The project combines PV power generation, hydrogen production and refueling, and energy storage. 

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Indian Made: Fueling renewables growth through domestic manufacturing

Indian Made: Fueling renewables growth through domestic manufacturing

January 6, 2025 | , , , ,

To promote domestic manufacturing and reduce India’s dependence on imports, the government has taken a number of policy initiatives in the renewable energy sector. REGlobal provides an overview of the status of domestic manufacturing in the solar, electrolyser, battery storage and wind energy segments. the country’s domestic manufacturing across various segments holds immense potential, bolstered by robust policy frameworks. However, the path forward depends on how effectively the government addresses the existing challenges and leverages this potential for sustainable growth.

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ContourGlobal acquires solar plus storage project in US

ContourGlobal acquires solar plus storage project in US

January 3, 2025 | , , ,

ContourGlobal has acquired a solar plus storage project in US. The project is currently in its advanced stage and will be developed in two phases. It will feature a combined capacity of 567 MWp of solar PV and 321 MW/1.3 GWh of BESS. Once completed, it will provide a total hybrid capacity of 888 MW. Furthermore, the project is connected to Arizona’s WAPA grid and includes firm transmission rights to deliver power to CAISO.

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Masdar grows solar and wind portfolio in Europe 

Masdar grows solar and wind portfolio in Europe 

December 31, 2024 | , , ,

Masdar has expanded its presence in Europe by completing two acquisitions in the Iberian Peninsula. The company along with its institutional partners has acquired Saeta Yield from Brookfield Renewable Partners for an enterprise value of €1.2 billion and an equity value of €696 million. Saeta’s portfolio includes 745 MW of wind assets out of which 538 MW are in Spain, 144 MW are in Portugal, and the rest 63 MW are solar PV assets located in Spain.

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