Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, has made a $150 million investment in GameChange Solar Holdings Corp, a major US producer of racking and tracker systems for utility-scale solar power plants, to support the company’s strategic development goals. As per the company’s press release, the preferred stock investment, if converted, would represent a minority stake in GameChange.
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Ashtrom Group Limited, Israel’s leading construction and property companies, and Kenlov Renewable Energy, an independent power producer, have announced the signing of a definitive agreement to acquire four solar projects in the US with a total capacity of 1.1 GWDC from Texas-based developer OnPeak Power.
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Algeria’s Ministry of Energy Transition and Renewable Energy has launched a tender for the deployment of 1 GW of solar capacity. The procurement exercise will be divided into lots ranging from 50 MW to 300 MW each.
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Sambhar Salts, a subsidiary of Hindustan Salts Limited (HSL), has issued a tender to create an ultra-mega solar project with a capacity of up to 4 GW in Sambhar, Rajasthan. The company has also expressed interest in developing a solar plant with a capacity of up to 1 GW at Kharaghoda, Gujarat.
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Infrastructure and Energy Alternatives (IEA), a leading infrastructure construction company with renewable energy and specialty civil expertise, announced today that it has been awarded a 50 MW AC solar contract to construct the Turkey Creek Solar Ranch in Garrard County, Kentucky.
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In April, the International Renewable Energy Agency (IRENA) reported that renewable energy’s share of new generating capacity rose substantially for the second year in a row. China, which has emerged as the indisputable leader of renewable energy expansion worldwide, has begun to reorient its overseas energy investment and finance towards non-fossil fuels projects. This shift could portend a larger role for China in the MENA region’s growing renewables sector, especially in solar power production.
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Globeleq, a leading independent power company in Africa, has completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MWp solar photovoltaic (PV) plant located at the Benban Solar Park near Aswan, Egypt. The SECI Energia, Enerray, and Desert Technologies consortium developed the ARC plant as part of the Egyptian government’s feed-in-tariff programme’s second round.
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Canada-based Grasshopper Energy, a $1.8 billion renewable energy producer has acquired $48 million in funding from Cincinnati’s Fifth Third Bank. The funding will go towards four Grasshopper solar projects in Massachusetts, including a large-scale solar+battery energy storage project.
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Iberdrola, a Spanish electric utility, has purchased the under development Avonlie solar project owned by the UK-based RES. The project is located in New South Wales, Australia. It has a generating capacity of 245 MW dc/190 MW ac. When fully operational, the project will have 450,000 solar panels installed on a single axis tracking system.
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Ongoing supply chain constraints and commodity price increases began to have a significant impact on solar prices during the second quarter of 2021. The most significant price increases have come from higher input costs (steel, aluminum, etc.) and elevated freight costs. As a result, prices have increased the most for utility solar because equipment for these projects – namely modules – tends to be sourced internationally.
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At the end of 2020, distributed solar accounted for about 78 GW (30%) of the 253 GW of China’s installed solar generation capacity, according to data from the country’s National Energy Administration. Growth in distributed solar appears to be picking up in proportion to growth in solar farms. In the first half of this year, about 13 GW of new solar power capacity was installed, 7.65 GW of that distributed solar.
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Exxaro Resources Limited, a coal mining company headquartered in South Africa, has floated an engineering, procurement, and construction (EPC) tender for the development of a 70 MW solar PV farm at its Grootegeluk coal mine in the country’s Limpopo province. The winning bidder will also be responsible for the operations and maintenance of the facility for 5 years.
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Over the next decade, a key challenge of the Czech Republic’s energy sector is to prepare for the phase-out of coal from the energy mix. In the Czech Republic, renewables do not yet play a major role in TES, although their share has increased by 71 per cent since 2009. The International Energy Agency has released a report titled. “Czech Republic 2021: Energy Policy Review” which provides detailed coverage of the country’s energy sector.
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EDF Renewables North America (EDFR) and MEAG, acting as Munich Re’s global asset manager, have entered into a strategic partnership under which a subsidiary of Munich Re will acquire a 50 per cent stake in two renewable energy projects in California. The two projects include the Maverick 6 Solar-plus-Storage Project and the Maverick 7 Solar Project.
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Achieving the decarbonisation scenarios requires significant acceleration of clean energy deployment. Compared with the approximately 15 GW of solar capacity deployed in 2020, annual solar deployment doubles in the early 2020s and quadruples by the end of the decade in the Decarb+E scenario. Similarly, substantial solar deployment rates continue in the 2030s and beyond.
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Uzbekistan has commissioned its first utility-scale solar plant of 100 MW. The plant has been developed by UAE’s Masdar. To build the project, Masdar signed an agreement with the government of Uzbekistan and JSC National Electric Grid of Uzbekistan in 2019. A local project company, Nur Navoi Solar FE LLC, was established by Masdar to deliver the solar photovoltaic (PV) plant, and to operate and maintain it over a 25-year period.
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Distributed Power Africa (DPA), an Econet Global group member, has started installing solar panels at Total service stations in Zimbabwe. DPA and Total Zimbabwe, a subsidiary of the French oil giant Total Energies, will collaborate to solarize 15 service stations.
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Cubico Sustainable Investments and GLIL Infrastructure have awarded Anesco 12 contracts to offer operations and maintenance services for their 148MW UK-wide solar farm portfolio. The agreement is Anesco’s single largest O&M portfolio to date, and it has increased its maintenance order book by nearly 14 percent.
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Solar Energy Corporation of India Limited (SECI) has launched bids for the development of 1.2 GW of solar projects in the Indian state of Karnataka on a build-own-operate basis. The request for selection is part of the interstate transmission system (ISTS) (tranche X) tariff-based competitive bidding cycle.
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Legendre Energie has signed a 25-year concession contract with the Malian Ministry of Economy and Finance and Energy for the Fana solar power project. The solar project will be built under the BOOT (Build-Own-Operate-Transfer) model. The plant would have a capacity of 50 MWp and will be located near Bamako capital, Diola Circle.
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