Tag: solar energy

bp to develop 240 MW solar project in Azerbaijan

bp to develop 240 MW solar project in Azerbaijan

June 4, 2025 | , ,

bp, along with its partners has entered into a series of agreements in Azerbaijan. The agreements include final investment decisions (FID) for the development of the Shah Deniz Compression project, the Shafag solar, and the Sangachal terminal electrification projects. The Shafag solar project has a capacity of 240 MW. The renewable electricity generated by the solar project in Azerbaijan’s Jabrayil district will be supplied to the grid operator AzerEnerji.

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TotalEnergies acquires pipeline of solar and battery projects in UK

TotalEnergies acquires pipeline of solar and battery projects in UK

June 4, 2025 | , , ,

TotalEnergies has acquired a pipeline of 8 solar projects with a capacity of 350 MW and 2 battery storage projects with a capacity of 85 MW from Low Carbon. The solar projects are in the advanced stage of development and are expected to be operational by 2028. Furthermore, the solar projects will produce over 350 GWh/year of renewable electricity. The renewable electricity produced is equivalent to the electricity consumption of around 1,00,000 UK households.

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Avangrid achieves commercial operations of the 202 MWdc solar project in Ohio

Avangrid achieves commercial operations of the 202 MWdc solar project in Ohio

June 4, 2025 | , ,

Avangrid has achieved commercial operations of the Powell Creek Solar project in Putnam County, Ohio. The project has a capacity of 202 MWdc (150 MWac) and is capable of generating electricity to power the equivalent of 30,000 homes annually. The project consists of over 300,000 solar panels and reached commercial operation in April. Furthermore, the project is anticipated to contribute an estimated $31 million to local taxing jurisdictions over its lifetime.

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Waaree Solar Americas inks 586 MW module supply agreement

Waaree Solar Americas inks 586 MW module supply agreement

June 2, 2025 | , ,

Waaree Solar Americas, a wholly owned US subsidiary of Waaree Energies Limited, has inked a 586 MW solar module supply agreement with a US-based independent power producer. The project is valued at $176 million. The modules will be manufactured in the company’s facility in Brookshire, Texas, and are scheduled for delivery during the financial year 2026-27 across four projects. The modules will leverage several domestically produced components.

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Solar Power Outlook for United States and Mexico

Solar Power Outlook for United States and Mexico

June 2, 2025 | , ,

Solar dominated new electric generating capacity added to the US. grid in 2024, accounting for two-thirds of all new capacity. This is the fourth consecutive year that solar was the leading source of new electric generating capacity. In 2024, Mexico’s solar PV market installed 1.6 GW, a 3% decrease compared to the 1.65 GW added in 2023 but a 37% increase over the 1.18 GW added in 2022. Total operating capacity in the country reached 12.6 GW, which constitutes a growth of 15% from 2023.

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Arevon Energy secures $98 million tax equity commitment for solar projects in Indiana

Arevon Energy secures $98 million tax equity commitment for solar projects in Indiana

May 30, 2025 | , ,

Arevon Energy has secured a $98 million tax equity commitment for its Ratts 1 and Heirloom solar projects. The tax equity commitment has been secured from Fifth Third Bank. The projects will add 265 MW of new domestic energy to Pike County, Indiana. Ratts 1 solar project has a capacity of 192 MWdc, and the Heirloom solar project has a capacity of 73 MWdc. The projects are expected to be fully operational later in 2025.

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RGE and TotalEnergies ink agreement to develop solar and battery energy storage project in Indonesia

RGE and TotalEnergies ink agreement to develop solar and battery energy storage project in Indonesia

May 29, 2025 | , , ,

RGE and TotalEnergies have entered into a co-investment agreement to develop, build, and operate a solar photovoltaic power plant with a battery energy storage system in Riau Province, Indonesia. The two companies have entered into this agreement through their equally owned joint venture, Singa Renewables. The utility-scale project will be constructed in phases. Upon completion, the project will provide clean solar energy export to Singapore.

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South Korea launches solar and offshore wind tender

South Korea launches solar and offshore wind tender

May 28, 2025 | , , ,

South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) has launched tenders for 1 GW of solar and 1.25 GW of offshore wind projects. The ministry will open a solicitation for fixed-bottom offshore wind projects by June. After that, it will determine the quotas for floating offshore wind and onshore wind capacity. Out of the total 1.25 GW on offer, approximately 500 MW will be reserved for public-led offshore wind bidding.

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JinkoSolar to supply modules for 100 MW solar project in Azerbaijan

JinkoSolar to supply modules for 100 MW solar project in Azerbaijan

May 22, 2025 | , ,

JinkoSolar has inked a module supply agreement with HuanTai Energy for the Gobustan solar project in Azerbaijan. The 100 MW solar project will adopt JinkoSolar’s N-type TOPCon modules. The modules have technical advantages including higher power output per watt, superior all-weather performance, and greater overall energy yield. They can ensure stable and efficient performance even under extreme conditions.

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Deriva Energy secures $127 million financing for renewable energy projects in US

Deriva Energy secures $127 million financing for renewable energy projects in US

May 21, 2025 | , , ,

Deriva Energy has completed $127 million debt financing for a portfolio of currently operational energy assets. The portfolio received senior secured notes from Principal Asset Management and MetLife Investment Management. The portfolio comprises the Ledyard Wind and Pisgah Ridge Solar projects, both owned and operated by Deriva Energy. The projects began commercial operations in 2022.

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Ignitis Renewables secures €77.5 million to develop solar projects in Latvia

Ignitis Renewables secures €77.5 million to develop solar projects in Latvia

May 20, 2025 | , ,

Ignitis Renewables has secured a joint loan of €77.5 million from Swedbank Lithuania and Swedbank Latvia. The loan will be utilised to complete the development of Stelpe and Vārme solar farms in Latvia. The banks provided the joint loan in equal amounts. The company is currently developing the 94 MW Vārme solar farm in Kuldīga municipality and the 145 MW Stelpe solar farm in Bauska municipality.

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Grenergy inks 390 GWh solar PPA in Chile

Grenergy inks 390 GWh solar PPA in Chile

May 19, 2025 | , ,

Grenergy has inked a long-term power purchase agreement (PPA) with a global energy company in Chile. The agreement stipulates the sale of 390 GWh of solar energy annually through a daytime PPA. This PPA will come into effect in October 2026. The solar energy will be generated by projects being developed by Grenergy in central Chile. Furthermore, out of the total 390 GWh, 110 GWh of solar energy per year will be provided over a 15-year period.

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TCL Solar and Grid Africa to deploy distributed renewable energy projects in Africa

TCL Solar and Grid Africa to deploy distributed renewable energy projects in Africa

May 13, 2025 | , ,

TCL Solar and Grid Africa have entered into a partnership to deploy distributed renewable energy solutions in Zimbabwe and Zambia. The collaboration aims to tap into emerging solar photovoltaic and battery storage technologies to strengthen regional energy security and drive economic growth. TCL Solar has committed to support the deployment of 100 MW of distributed solar and storage capacity across the two countries.

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Qair secures approval for wind and solar projects in Morocco

Qair secures approval for wind and solar projects in Morocco

May 1, 2025 | , , ,

Qair has secured key approvals for its Tetouan wind and Tiznit solar projects in Morocco. Both the projects will generate 505 GWh of clean energy annually. The projects will support Moroccan industries and reduce carbon emissions. The Tetouan wind farm is expected to start operations in 2029 and will produce 390 GWh per year. The Tiznit solar project, set for commissioning in late 2027, will generate 115 GWh annually.

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Palladium and Arava sell solar plus storage portfolio to Exus

Palladium and Arava sell solar plus storage portfolio to Exus

April 23, 2025 | , ,

Palladium Energy (Palladium), through its joint venture with Arava Power Company (Arava), has sold the solar plus storage portfolio to Exus Renewables North America (Exus). The portfolio has 364 MW of solar and 280 MWh of storage capacity. The portfolio includes three mid-stage projects situated in PJM and MISO. The development, construction, and asset management of the portfolio will be carried out by Exus.

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JA Solar delivers modules for PV project in Inner Mongolia

JA Solar delivers modules for PV project in Inner Mongolia

April 22, 2025 | , ,

JA Solar has commenced delivery of 1 GW DeepBlue 4.0 Pro high efficiency PV modules for Suji Sandland PV project in Urad Front Banner, Inner Mongolia. Furthermore, after being completed by the end of 2025, the Suji Sandland project is expected to generate 2.96 billion kWh of electricity annually. The PV modules have been designed to endure high ultraviolet radiation, frequent sandstorms, and large temperature fluctuations.

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GreenYellow, STOA, and DEG achieve closing of YieldCo

GreenYellow, STOA, and DEG achieve closing of YieldCo

April 17, 2025 | , ,

GreenYellow, along with STOA and DEG, has achieved the financial close of a 189 MWp asset platform, YieldCo. YieldCo is a Singapore-based asset platform dedicated to operating self-consumption solar assets in Vietnam and Thailand. Furthermore, GreenYellow will continue to be the majority industrial shareholder with 51 per cent share in the asset platform. STOA and DEG together own 49 per cent stake in the asset platform.

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Enlight secures $243 million construction financing for Quail Ranch project in US

Enlight secures $243 million construction financing for Quail Ranch project in US

April 16, 2025 | , ,

Enlight Renewable Energy (Enlight) has secured $243 million in construction financing commitments for the Quail Ranch project. This has been secured through Enlight’s US subsidiary Clenera Holdings LLC. The construction loan is a part of the financial close for Quail Ranch, which is located near Albuquerque, New Mexico, USA. Furthermore, the project combines 128 MW of solar generation with 400 MWh of battery storage capacity.

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