According to the Brazilian Solar Photovoltaic Energy Association (ABSolar), flow of private investments in solar power are expected to cross $4.29 billion in the year 2021. The association expected the addition of more than 4.9 GW of installed power.
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Trina solar, a solar and smart energy solution provider, recently received a dual Environmental Product Declaration (EPD) certification from UL, a global safety certification company. The company also received an EPD from EPDItaly. The ceremony for this achievement took place in Changzhou, Jiangsu Province,China on January 13, 2021.
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NREL recently released its solar PV market update report for nine-months ended September 2020. Read the key highlights of the reports.
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Duke Energy and Firestone Walker Brewing Company have completed one of the largest on-site solar arrays in the craft beer industry: a 2.1 MW solar array and 281 kWsolar carport on 9.7 acres in Paso Robles, Calif. REC Solar designed and built the solar project, and Duke Energy Renewables provided Firestone Walker financing through a 25-year power purchase agreement.
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Grenergy, a Spanish company renewable energy company specializing in the development, construction and operation of photovoltaic and wind projects, has closed financing with Natixis, a French financial services multinational, for fourteen new solar plants, to be set up in Chile for around $ 85 million.
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Daystar Power, a Nigerian supplier of solar off-grids, has since been helping, along with other companies, to fill this gap. To increase the spread of its solution to households in West Africa, the company recently carried out a financial mobilisation that raised $38 million. The solar off-grid provider will use these funds to expand its activities in West Africa.
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To address the economic challenges of the pandemic, Nigeria’s federal government approved the $5.9 billion (N23 trillion) Nigerian Economic Sustainability Plan in July 2020. The recovery plan includes investments in clean energy, agriculture and infrastructure. The most noteworthy piece of green spending is a $619 million commitment to the Solar Homes Systems Project, which will help install solar home systems for up to 5 million households, serving about 25 million individual Nigerians who are not currently connected to the national grid.
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Nigeran off-grid solar company, Daystar Power has closed a $38-million Series B financing round led by Denmark’s Investment Fund for Developing Countries. In addition to the Danish Impact Investor, the deal was supported by French impact infrastructure fund STOA, development finance institution Proparco and Morgan Stanley Investment Management. Daystar Power has now raised a total $48 million includind funds raised in the previous round.
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French energy giant Engie and ndependent power producer Neoen have announced plans to develop Europe’s largest solar-plus-storage plant . The project, “Horizeo” will have a installed capacity of 1 GW and include a green hydrogen production unit, an agrivoltaic plant, and a data center. It is estimated to cost Euro 1 billion and will be managed by French energy regulator CRE.
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The Senegalese Rural Electrification Agency (ASER) has announced tenders for supplying mini-grids for the electrification of 117 villages through solar power. The project implementation is being undertaken by the Senegalese Ministry of Oil and Energy. Further, it is being financially supported by the Islamic Development Bank and the Islamic Solidarity Fund for Development.
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Trina Solar has signed a long-term PV module supply deal with US energy major NextEra Energy totalling 4GW, thought to be the largest order of its kind outside of China. In a financial statement, Trina Solar said the PV module supply deal was for its high-efficiency large-area (210mm x 210mm) wafer-based modules, known at the Vertex series launched at the beginning of 2020.
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NextEnergy Capital (NEC) has signed two separate ten-year power purchase agreements with Shell...
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Amazon has announced five new renewable energy projects in China, Australia and the US that further support Amazon’s commitment to reach 80 per cent renewable energy by 2024 and 100 per cent renewable energy by 2030 (and potentially as early as 2025), as well as to reach net zero carbon by 2040.
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The US Department of the Interior (DOI) and the Bureau of Land Management (BLM) have granted the final approval for what they say will be the largest solar-power project in the U.S., a $1 billion installation in Nevada that could power about 260,000 households—enough to cover the residential population of Las Vegas. The land proposed for the 690 MW Gemini solar project is on the Moapa River Indian Reservation, 33 miles northeast of Las Vegas.
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India’s ReNew Power has won the country’s first tender to provide continuous (24/7) green energy, bidding for an initial price of INR 2,900 per MWh. The Solar Energy Corporation of India (SECI), a central public sector undertaking, conducted e-reverse auction for the 400 MW renewable energy projects with round-the-clock supply.
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Australia’s largest renewables project has got a step nearer after being recommended for approval by the Environmental Protection Authority (EPA) of the state of Western Australia. The Asian Renewable Energy Hub (Areh), which could feature up to 15 GW of solar and wind generation capacity, would supply the Pilbara region and develop a green hydrogen manufacturing hub for domestic use and export to Asia.
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The unavailability of large swathes of land has forced developers in the solar power segment to look elsewhere to set up solar power plants in a more sustainable manner. In this regard, canal tops, hybrid power and other such technologies have emerged as important solutions. A recent phenomenon of this is also the emergence of floating solar power plants, or floatovoltaics, which have found a considerable market in the Southeast Asian region.
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