Category: Solar Power

bp acquires 40.5 per cent stake from AREH in Australia

bp acquires 40.5 per cent stake from AREH in Australia

June 22, 2022 | , , ,

The Asian Renewable Energy Hub (AREH) has reached an agreement with bp to sell a 40.5 per cent stake in the large renewables and green hydrogen hub. AREH intends to gradually expand the production of onshore wind and solar energy in the Pilbara region of West Australia, and achieve an overall capacity of 26 GW of solar and wind energy. This project will provide energy exports to countries like Japan and South Korea in order to serve the domestic Australian market.

Read More
EDF Renewables UK starts construction works at two solar projects

EDF Renewables UK starts construction works at two solar projects

June 22, 2022 | , ,

EDF Renewables UK, the UK branch of the French energy firm, has announced that two of its solar projects have started the site preparation and construction phases. These projects, Porth Wen facility in Anglesey and the Burwell project in southeast Cambridgeshire, have a combined capacity of about 100 MW. These projects are expected to be online by the fourth quarter of 2022.

Read More
Ireland allocates 414 MW of wind and 1,534 MW of solar projects

Ireland allocates 414 MW of wind and 1,534 MW of solar projects

June 17, 2022 | , , ,

EirGrid, Ireland’s state-owned electricity grid, has announced the final auction results for 1.9 GW of renewable energy capacity under the Renewable Electricity Support Scheme 2 (RESS 2). The auction resulted in the allocation of 414 MW of onshore wind capacity and 1,534 MW of solar capacity. The winning bids had a weighted average price of $101.80 per MWh.

Read More
Solar Module Pricing To Ease With Rising Global Polysilicon Production Capacity

Solar Module Pricing To Ease With Rising Global Polysilicon Production Capacity

June 15, 2022 | , ,

Strong solar module demand will continue to prop up component prices and place upward pressure on solar capital costs through the near term. Upstream polysilicon production will fail to meet strong demand over the near term, pushing up the price of modules and inflating solar CapEx over 2022. However, new production capacity additions across the solar module value chain will boost supply in the market, stabilising prices before returning CapEx to a downward trend in 2023.

Read More
EDF Renewables wins NYSERDA’s solar and storage contract

EDF Renewables wins NYSERDA’s solar and storage contract

June 14, 2022 | , , ,

The New York State Energy Research and Development Authority (NYSERDA) has awarded EDF Renewables North America a 1 GW solar and battery storage contract as part of its 2021 solicitation for large-scale renewable energy certificates. The Columbia Solar Energy Centre and Ridge View Solar Energy Centre, each with 350 MWac of capacity and 20 MW of co-located battery storage, are among the solar projects included in the contract.

Read More
NSEFI partners with SolarPower Europe for India specific ‘solar deployment guidelines’

NSEFI partners with SolarPower Europe for India specific ‘solar deployment guidelines’

June 13, 2022 | , ,

The National Solar Energy Federation of India (NSEFI) and SolarPower Europe have collaborated to publish best-practice guidelines for solar power project engineering, procurement, and construction in India. The ‘EU-India Clean Energy and Climate Partnership” is supporting this initiative. The ‘EPC Best Practice Guidelines: India Edition’ is the result of a joint Indian-European EPC Taskforce that was formed in September 2021 and brought together 31 of the world’s top solar experts from both regions.

Read More
Green Potential: Market overview and opportunities for South Asia

Green Potential: Market overview and opportunities for South Asia

June 12, 2022 | , , , ,

Governments in South Asia have been committing more towards renewable energy in their national policy targets, but further efforts are required to develop the enabling policies, institutions and market to attract more investments. Covid-19 stimulus packages for the energy sector should not only be centred around clean energy but also be accompanied by market mechanisms that would incentivise investors and unpack the technological potential of integrating more renewable energy into the grid.

Read More
Rio Tinto to develop 4 GW of solar and wind projects in Australia

Rio Tinto to develop 4 GW of solar and wind projects in Australia

June 10, 2022 | , , ,

Rio Tinto Group, an Anglo-Australian mining company, has issued a request for proposal (RFP) to develop 4 GW of utility-scale wind and solar power projects for its aluminium projects in central and southern Queensland, bordering south Australia. The large-scale renewable projects would assist the company in achieving its climate change targets, which are aligned with the Paris Accord.

Read More
Agilitas raises $350 million to develop renewable energy projects

Agilitas raises $350 million to develop renewable energy projects

June 10, 2022 | , , ,

Agilitas Energy, a US-based energy asset developer, has raised $350 million in equity capital to construct a national renewable energy and storage platform. CarVal Investors, a global alternative investment company, managed the two-tiered investment. The funds will be used by Agilitas Energy to accelerate the development, construction, and operation of distributed and utility-scale solar photovoltaic (PV) and energy storage projects in the US.

Read More
Top countries for renewable energy investment

Top countries for renewable energy investment

June 8, 2022 | , , ,

Governments around the world are looking to accelerate and broaden the scope of their renewables programs to help reduce their reliance on imported energy at this volatile and unpredictable time. Here, key developments within 10 markets that are taking interesting and varied approaches to trying to secure their energy supplies are explored — from the tripling of onshore wind and solar in Germany to green hydrogen investment in India.

Read More
Streamlined policies required for continued solar power growth in Vietnam and Taiwan

Streamlined policies required for continued solar power growth in Vietnam and Taiwan

June 8, 2022 | , ,

Following a spectacular 2020, resulting in 11.9 GW of added solar capacity and catapulting the country into the top 3 solar markets globally, the PV sector in Vietnam saw a dramatic collapse in 2021. Taiwan reached the GW level for the first time in 2019, adding 1.41 GW, which is equal to an annual growth of 45% and results in a total cumulative capacity above 4 GW. On the cumulative side, Taiwan had 7.7 GW of solar PV installation at the end of 2021, 12% short of its target.

Read More
Canadian Solar to sell stake in 738 MW solar capacity to SPIC Brasil

Canadian Solar to sell stake in 738 MW solar capacity to SPIC Brasil

June 7, 2022 | , ,

Canadian Solar has agreed to sell its 70 per cent stake in Brazil’s Marangatu and Panati-Sitiá solar farms to SPIC Brasil for an undisclosed sum. The two solar projects will have a combined generating capacity of 738 MW and will cover a land area of 2,200 hectares. The projects are in advanced stages of development and are located in the states of Piaui and Ceara in Brazil’s north-eastern region.

Read More
NYSERDA selects five Boralex solar facilities in New York solicitation

NYSERDA selects five Boralex solar facilities in New York solicitation

June 6, 2022 | , ,

As part of its 2021 solicitation for utility-scale renewable energy certificates, the New York State Energy Research and Development Authority (NYSERDA) has selected five Boralex solar projects with a cumulative capacity of 540 MW and a battery capacity of 77 MW. The solar farms, which are spread across upstate New York, have the potential to generate more than 1 TWh of renewable energy every year. 

Read More