Tag: solar energy

The Global South will be central to the next wave of solar leadership: ISA’s Ashish Khanna

Solar, batteries and related technologies are no longer niche, given they are now the least-cost generation option for most countries. The Global South will be central to the next wave of solar leadership, as the world has doubled solar generation capacity from 1,000 GW to 2,000 GW in just two years, with expectations of doubling to 4,600 GW by 2030. Asia is expected to account for more than 70 per cent of this expansion. This is not just for climate reasons, but because the economics is driving the expansion of solar, storage and transmission.

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Powertrust and Microsoft to deploy distributed solar energy in Mexico and Brazil

Powertrust has signed an agreement with Microsoft to facilitate the deployment of 270 MW of distributed solar capacity across Mexico and Brazil over a four-year period. The arrangement involves Microsoft procuring renewable energy certificates generated from these projects, aligning with its 2030 carbon-negative objective and contributing to its approach to reducing Scope 3 emissions through investments in renewable energy.

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Global Clean Energy Investment Landscape

In 2024, global investments in energy transition technologies reached a record high of USD 2.4 trillion, up 20% compared with the average annual levels of 2022/2023. Growth in relatively mature technologies – renewable energy, energy efficiency, grids and electrified transport – continued in 2024, albeit at a slower pace than in previous years. Investment in nascent technologies – green hydrogen and CCS – declined in 2024. Battery storage remains a notable exception, sustaining robust growth through 2024.

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EIB Global and Enel to finance solar projects in Colombia

EIB Global, the international partnerships and development arm of the European Investment Bank, and Enel Colombia S.A., part of the Enel Group, have announced a loan of up to $200 million to finance two solar projects in the Atlántico region in Colombia. The two projects, Guayepo III and Atlántico, have a capacity of 180 MWac each, and are currently under construction.

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685 MWdc Faraday solar project begins operations in Utah

Excelsior Energy Capital has announced that the Faraday Solar project  has reached operational readiness and commenced commercial operations. The project has an installed capacity of 685.3 MWdc and is located in Utah County, Utah. It has a 20-year power purchase agreement (PPA) with PacifiCorp. Meta will procure energy and environmental attributes from the project to provide clean energy to its operations in Utah.

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Saudi Arabia awards 4.5 GW of renewable energy projects

Saudi Arabia’s Power Procurement Company (SPPC) has awarded five renewable energy projects under the sixth phase of the National Renewable Energy Programme, with a cumulative capacity of 4.5 GW. The awarded projects include one wind and four solar projects, with total investments exceeding $2.4 billion. SPPC will oversee predevelopment studies, tendering, and power purchase agreements for the projects. 

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METLEN inks PPA with ENGIE for 235 MW solar portfolio

METLEN has entered into a 10-year power purchase agreement (PPA) with ENGIE for the supply of power from six solar projects across the UK. The total capacity of the solar portfolio under the agreement is 235 MW, expected to deliver over 233 GWh of renewable electricity annually. The projects are being developed and implemented by METLEN’s M Renewables division.

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Microsoft to procure 100 MW of green power from Shizen in Japan

Shizen Energy has finalised renewable energy purchase agreements (REPAs) with Microsoft for four solar projects in Japan, reaching a total contracted capacity of 100 MW. The agreements follow Microsoft’s initial deal for the Inuyama solar power plant, following which three additional 20-year contracts have since been signed. The solar projects are situated across the Kyushu and Chugoku regions.

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Nofar secures 1 GW of US solar project portfolio

Nofar USA, a wholly-owned subsidiary of Nofar Energy, has secured more than 1,000 MW of solar development projects across several US markets through acquisitions and exclusive development agreements. The transactions will expand the company’s portfolio to include both utility-scale and distributed generation projects. Commercial operations for these projects are scheduled between 2026 and 2029.

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Iraq’s Energy Transition Readiness: Report

Iraq’s energy sector faces urgent challenges and also significant opportunities for renewable energy development. The country remains heavily reliant on fossil fuels. Its dependence on oil and gas, which represent over 98% of its energy mix, exposes it to volatile global oil markets, environmental degradation and increasing energy insecurity. Iraq is rich in solar and wind resources, but renewable energy has witnessed minimal development, and accounts for less than 2% of the total primary energy supply. 

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Renewable Energy Development in the Hindu Kush Himalaya Region

The HKH region has the potential for nearly 2,200 GW and 750 GW of electricity generation, respectively, from  solar and wind sources. The HKH areas of China have the highest potential for electricity production from solar (1,772 GW) and wind (741 GW) sources. The HKH areas of India have the potential for 224 GW from solar energy. The HKH parts of Afghanistan have a solar energy potential of 80 GW and around 6 GW of wind energy potential. Pakistan and Nepal have, respectively, a solar energy potential of 56 GW and 24 GW. Myanmar and Bhutan also have significant potential for solar energy of 12.7 GW and 12 GW, respectively.

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Status of Renewable Energy Development in Japan

Every three to four years, the Japanese government updates its Strategic Energy Plan, a key policy document that guides the long-term development of the country’s energy sector. The latest plan, the 7th SEP, was finalized in February 2025. It aims for a power generation mix in 2040 that consists of 40%–50% renewable energy. Solar power remains the primary driver of Japan’s renewable expansion. In 2023, solar PV generated nearly 30 times more electricity than in 2010, accounting for 9.8% of the total electricity output. Wind power generation rose from 4,016 GWh in FY2010 to 10,492 GWh in FY2023.

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Environmental Permits for Renewables in US: Paper

This paper “Taking Green Energy Projects to Court: NEPA Review and Court Challenges to Renewable Energy” by Resources for the Future highlights that nearly a third of solar projects and half of wind projects completing NEPA environmental impact statement reviews faced court challenges. Almost all cases were filed after the government agencies had issued their permitting decisions.

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SD Guthrie and Gamuda to develop 1.2 GW solar projects in Malaysia

SD Guthrie Berhad (Guthrie) and Gamuda Energy have signed an agreement to jointly develop, own, and operate solar power projects with energy storage systems, in Malaysia. These projects will have a combined capacity of 1,200 MW. The partnership will utilise Guthrie’s land resources across Malaysia along with Gamuda’s experience in renewable energy development in the Asia Pacific region.

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ESB and BnM launch solar project in Ireland

The Electricity Supply Board (ESB) and Bord na Móna (BnM) have launched the Timahoe North solar farm in Co Kildare, Ireland. The project has an installed capacity of 108 MWp and has been fully operational since early 2025. The project has been executed with the involvement of contractors and subcontractors like Voltalia, H&MV Engineering, S&G Solar Ltd., and Wills Bros Group. 

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Qair secures financing for floating solar plant in Seychelles

Qair has obtained a $5.7 million senior debt facility from the Facility for Energy Inclusion. The financing is to support the development, construction, operation, and maintenance of a 5.8 MWp floating solar plant at Providence Lagoon on Mahé Island, Seychelles. The project, known as the Seysun Lagoon floating photovoltaic plant, is part of Seychelles’ national renewable energy roadmap.

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Stonepeak launches renewables platform in Middle East 

Stonepeak has launched WahajPeak, its first renewable energy platform in the Middle East. The platform will invest in the development of utility-scale solar, wind, and battery energy storage storage (BESS) projects across the Gulf Cooperation Council as well as the Middle East region. Furthermore, the platform aims to align with regional policy initiatives focusing on decarbonisation, energy diversification, and grid modernisation.

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Construction begins at Brunei’s flagship solar project

Brunei has commenced construction of a 30 MW solar photovoltaic power plant in Kampong Belimbing. The project is being developed by Seri Suria Power (B) Sdn Bhd, a joint venture between Serikandi Oilfield Services Sdn Bhd, Khazanah Satu Sdn Bhd, and Atlantic Blue Sdn Bhd. It will be located on a remediated landfill site covering 32.29 hectares and is scheduled to be operational by the end of 2026.

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Construction begins at Bahrain’s first solar project

The Electricity and Water Authority (EWA) of Bahrain has announced the launch of Bahrain’s first solar project for electricity generation. The project is planned to have a production capacity of up to 150 MW. The project will be developed in collaboration with the private sector. Commercial operations of the project are expected to start in the third quarter of 2027.

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