Category: Solar Power

Galp acquires 4.8 GW of renewable energy projects in Brazil

Galp acquires 4.8 GW of renewable energy projects in Brazil

May 4, 2022 | , , ,

Galp, a multinational energy corporation headquartered in Portugal, has agreed to purchase 4.8 GW of solar and wind energy projects in Brazil from SER Energia and Casa dos Ventos. The agreement with SER Energia, a Brazilian solar designer, encompasses the purchase of 4.6 GWp of projects currently under construction in Brazil. Galp will acquire a group of 216 MW wind farms being developed in Brazil’s north-east region with Casa dos Ventos.

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Hydro Rein, Atlas RE and ALBRAS to set up a 438 MW solar project in Brazil

Hydro Rein, Atlas RE and ALBRAS to set up a 438 MW solar project in Brazil

May 4, 2022 | , ,

Hydro Rein, Atlas Renewable Energy, and ALBRAS will jointly develop, build, and operate a self-production 438 MW solar plant in Paracatú, Brazil. The plant will supply Albras’ primary aluminium plant with long-term renewable power. The proposed solar plant in Boa Sorte is scheduled to open  in the fourth quarter of 2023. The plant’s construction is scheduled to begin in the  fourth quarter of 2022. A total of $320 million is expected to be invested.

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Origin Energy acquires Yarrabee solar facility in New South Wales

Origin Energy acquires Yarrabee solar facility in New South Wales

May 2, 2022 | , ,

Origin Energy, a leading Australian integrated energy company, has announced the purchase of the Yarrabee Solar Farm in New South Wales (NSW). The first phase of the solar complex, which will be located in NSW’s Riverina district, is expected to have a capacity of 450 MW. Under the planning approval granted by the NSW government in December 2018, this could be upgraded to up to 900 MW.

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South Korea’s lack of wind and solar hinders exporters

South Korea’s lack of wind and solar hinders exporters

April 28, 2022 | , , ,

South Korea’s wind and solar output far below corporate needs. South Korea’s top 11 exporters consume 4.5 times more electricity than generated by wind and solar in 2020. South Korea’s biggest companies could lose a key competitive edge over the next decade, as they struggle to secure critical supplies of domestic renewable energy, without a significant boost from the incoming Yoon administration. 

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Quinbrook Infrastructure and Primergy Solar secure almost $2 billion for the Gemini project

Quinbrook Infrastructure and Primergy Solar secure almost $2 billion for the Gemini project

April 27, 2022 | , ,

Quinbrook Infrastructure Partners and Primergy Solar have secured almost $2 billion in debt and tax equity financing for the Gemini solar plus 380 MW storage project in Nevada, US. Gemini was developed by Primergy, a wholly owned portfolio company of Quinbrook. The debt funding includes a construction/term loan, a tax equity bridge loan, and a letter of credit facility totaling $1.3 billion.

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Ventient Energy acquires 443 MW of renewable portfolio in Spain

Ventient Energy acquires 443 MW of renewable portfolio in Spain

April 26, 2022 | , , ,

Ventient Energy, a UK-based renewable energy company, has completed the acquisition of a clean energy portfolio in Spain totalling 443 MW. Regulatory officials authorised the merger in April 2022 after it was first announced in December 2021. The portfolio includes 203 MW of onshore wind and 240 MW of solar capacity, and it is located in the Spanish province of Castilla y Leon.

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Egypt’s Power Sector: Transition Towards Renewable Energy 

Egypt’s Power Sector: Transition Towards Renewable Energy 

April 26, 2022 | , ,

Egypt has achieved an electrification rate of more than 95 per cent. However, due to rapid population growth and an expanding economy, the country continues to witnesses an increase in energy demand. Given Egypt’s limited and depleting fossil fuel endowments, the country is now turning to renewable energy to meet the rising power demand.

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Appalachian Power issues tender for 300 MW of renewable power with storage

Appalachian Power issues tender for 300 MW of renewable power with storage

February 16, 2021 | , , ,

Appalachian Power has issued a request for bids to develop 300 MW of solar or wind generating capacity. The projects to be developed must be least 50 MW in size and commercially operational by mid-December 2023. However, proposals with an operational date up to December 15, 2024 will be considered. The proposals may include projects with an option for a battery storage system.

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Winch Energy procures $16 million to set up mini-grids in Uganda and Sierra Leone

Winch Energy procures $16 million to set up mini-grids in Uganda and Sierra Leone

February 16, 2021 | , ,

Winch Energy, an off-grid energy developer and technology integrator, has adopted a dedicated mechanism for financing its mini green grid projects in Africa. Through this platform, $16 million has already been mobilised towards setting up 49 mini-grids in Uganda and Sierra Leone. The mini grids will be built with Winch Energy’s own proprietary technology, the Remote Power Unit, and will be operational within the next 12 months.

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NTE Energy plans 5 GW of solar and energy storage projects in the US

NTE Energy plans 5 GW of solar and energy storage projects in the US

February 12, 2021 | , , ,

United States-based power generation developer, investor and operator NTE Energy has announced its plans to develop more than 5 GW of clean energy projects in the next five years. It is planning to develop a clean energy pipeline of 1.2 GW solar and 3.9 GW battery energy storage systems. The company expects 3 to 4 GW of these projects to come online by 2026.

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DFC and Shell Foundation partner to improve renewable energy uptake in low-income communities in Africa and Asia

DFC and Shell Foundation partner to improve renewable energy uptake in low-income communities in Africa and Asia

February 12, 2021 | , , ,

The U.S. International Development Finance Corporation (DFC) and Shell Foundation (the UK-registered charity) have announced a new collaboration that will promote renewable energy uptake in low-income areas of Africa and Asia. The collaboration aims to improve gender inclusion and to bring affordable renewable energy to more than 5 million people in these regions.

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Macquarie raises €1.6 billion for investing in solar and wind power projects

Macquarie raises €1.6 billion for investing in solar and wind power projects

February 10, 2021 | , , ,

Macquarie Infrastructure and Real Assets (“MIRA”) has raised more than €1.6 billion for investment in renewable energy against its initial minimum fundraising target of €1 billion. The company has reached the final closure of its 25-year closed-end fund, Macquarie Green Investment Group Renewable Energy Fund 2 (“MGREF2”). MGREF2 will invest in a diversified portfolio of operational and under construction solar and wind power projects as well as clean energy platforms.

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IRENA and SACREEE sign MoU to accelerate renewable energy deployment in Southern Africa

IRENA and SACREEE sign MoU to accelerate renewable energy deployment in Southern Africa

February 9, 2021 | , ,

The International Renewable Energy Agency (IRENA) and the Southern African Development Community’s Centre for Renewable Energy and Energy Efficiency (SACREEE) have signed a memorandum of understanding to collaborate on increasing the deployment renewable energy projects with a special focus on decentralised technologies across countries in Southern Africa. The two parties will also combine to catalyse policy development, capacity building programmes and regional events to attract investments in the area.

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