Iberdrola, a Spanish power developer has signed a long-term power purchase agreement with Danone, a French food company. As per the ten-year agreement, Iberdrola will supply of 73 GWh of power annually from the Francisco Pizarro plant. With this agreement, the entirety of the renewable electricity used in Danone’s plants and factories in Spain will come from this solar project.
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Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a Request for Selection (RfS) of solar developers to purchase power from 500 MW grid-connected solar photovoltaic power projects. GUVNL shall enter into a power purchase agreement with successful bidders for 25 years from the project’s scheduled commercial operation date.
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Lightsource BP has announced its plans to develop 467 MW of solar photovoltaic projects in Brazil’s Ceara state. The company has met with the state’s economic development and labour secretary to finalise the project which will be developed with an investment of $261.3 million. Under the plan, Lightsource BP will develop two solar plants in the countryside of the state. This includes a 202 MW plant in Milagres and a 265 MW solar farm in Ico.
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Lightsource BP has announced the acquisition of a portfolio consisting of 1.06 GW of solar projects in Spain from RIC Energy. Additionally, the sales agreement specifies a partnership with RIC Energy to develop solar projects in 14 sites across Madrid, Andalusia, and Castile and Leon. The first batch of projects is projected to reach ready-to-build status by the end of 2021 and be commissioned between 2022 and 2025.
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EDP Renewables North America LLC (EDPR NA) has acquired a majority interest in C2 Omega LLC, a distributed solar platform of C2 Energy Capital LLC. Post-acquisition, the new company will be known as EDPR NA Distributed Generation LLC (EDPR NA DG). The company is set to acquire an 85 per cent equity stake in C2s solar portfolio.
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Oman Shell has commissioned a 25MW solar project called the Sohar Solar Qabas solar plant. The Sohar Solar Qabas project will be owned by Shell and is the company’s first utility scale, photovoltaic solar project in the Middle East as well as in Oman.
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Alliant Energy and the city of Sheboygan have reached an agreement to install a 1 MW solar facility in the Sheboygan Business Center. The solar facility is expected to be operational by the end of 2021.
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According to the a recent report by Technavio, the solar panel recycling market is expected to grow by $238.30 million during 2020-2024. The solar panel recycling market will witness a negative impact during the forecast period owing to the widespread growth of the Covid-19 pandemic.
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Tesla has come a step closer to a more comprehensive ecosystem by launching a proprietary solar inverter. The product – the Tesla Solar Inverter – comes in 3.8 kW and 7.6 kW versions featuring two and four maximum power point trackers (MPPTs), respectively.
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Spain-based energy group Naturgy has acquired 100% of the economic interests in Hamel Renewables, a renewable energy company specialising in solar and energy storage. This transaction marks Naturgy’s entry into the United States renewable energy market as this is its first investment here.
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The French energy giant Total and 174 Power Global, a subsidiary of Hanwha Group, formed a 50:50 joint venture to develop a 1.6 GW project in the United States, including 12 utility-scale solar arrays and energy storage devices.
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FinnFund and Norfund, Nordic financial companies have decided to increase funding to Starsight solar by $10 millionThe funding available since 2019 has now increased from $10 million to $20 million. are increasing the line of credit initially granted to Starsight by $10 million in 2019.
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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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