Huasun Energy has announced a partnership with ITRAMAS Corporation Sdn. Bhd., to advance 1.5 GW of photovoltaic projects. Under this agreement, starting in 2025, Huasun will gradually supply ITRAMAS with 700W+ high-efficiency heterojunction (HJT) modules for large-scale solar developments.
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TOYO has announced its plans to build an advanced solar cell manufacturing facility with an expected annual capacity of 2 GW. The company has secured a lease for the site in Hawassa, Ethiopia, leveraging the country’s favourable investment environment, tariff-free benefits, and abundant hydropower resources.
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Gensol Engineering Limited bags a contract from a major sustainable development and clean energy company in the UAE. This contract entails the design, construction, and long-term operation and maintenance of rooftop solar photovoltaic (PV) systems for the facilities of a leading aviation company in Dubai. The total installed capacity for the project is 23.178 MW.
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JinkoSolar has signed a supply contract with ACWA Power for approximately 3 GW of photovoltaic modules for the Saudi PIF4 project. The latest contract reflects the implementation of a previously signed framework agreement for global photovoltaic project collaboration. The contract includes two sub-projects within the PIF4 cluster: the Haden and Al-Khushaybi solar power stations.
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Europe’s cumulative renewable capacity is forecast to increase 700 GW (78%), from 894 GW in 2023 to almost 1 600 GW by 2030. The majority (70%) of the expansion is concentrated in just seven countries, led by Germany, followed by the United Kingdom, Italy, Türkiye, France, Spain and the Netherlands. Solar PV makes up the largest share by far, at almost 70% of the region’s capacity growth during 2024-2030. Over the forecast period, 478 GW of solar PV is forecast to come online, more than three times onshore wind and eight times more than offshore. The European Union is on track to fulfill its 2030 ambitions for solar PV, but more effort is needed for wind
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OMV Petrom has acquired a 50 per cent stake in Electrocentrale Borzești from RNV Infrastructure. This entity holds renewable energy projects with a combined capacity of around 1,000 MW, consisting of 950 MW in wind power and 50 MW in solar power. The wind farms will be developed, constructed, and operated in partnership with RNV Infrastructure, while the solar project is currently undergoing production tests.
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To achieve universal electricity access and rapid economic development, Sub-Saharan Africa needs to significantly accelerate its electricity generation. Despite rising real per capita incomes over the past two decades, electricity production per capita has been declining. In addition, while hydropower is prominent in some countries, solar and wind power generation has lagged other world regions, even though sub-Saharan Africa has some of the most favorable conditions, particularly in terms of solar potential.
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Runergy has begun production at its advanced solar module manufacturing facility in Huntsville, Alabama and thereby expanding into the North American market. The facility is set to deliver its first customer orders in October and deliver cutting-edge solar solutions to its users. With an annual production capacity of 2 GW, the Huntsville facility is positioned to become a major hub for solar manufacturing in US.
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SolaX Power has planned on investing a significant sum of $1.5 billion to establish a research and manufacturing facility in Zhejiang Province, China. The project will prioritise the development of utility-scale energy storage systems and integrated smart energy solutions.
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Masdar has successfully concluded the acquisition of 50 per cent share in Terra-Gen Power Holdings II, LLC, a prominent independent renewable energy producer in US. This acquisition was made from Energy Capital Partners, which has now fully divested its stake in Terra-Gen. Igneo Infrastructure Partners retains its 50 per cent interest in the company.
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Renewable electricity generation increased 19 per cent in the second quarter of 2023 with the share of generation from renewable sources reaching a record high at 51.6 per cent of total generation. UK generation of electricity hit a record low at 63.5 TWh. The drop in electricity generation from gas contributed to a record low for the fossil fuel share of 26.6 per cent. Total final energy consumption was 1 per cent higher than in the second quarter of 2023.
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Skyborn Renewables, part of the Global Infrastructure Partners (GIP) portfolio, has entered a significant US offshore wind partnership by acquiring a 50 per cent stake in the Revolution Wind and South Fork Wind projects from Eversource Energy. With Orsted holding the remaining 50 per cent in both ventures, Skyborn will co-manage these developments.
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Utah has developed its first floating solar project in collaboration with the Mountain Regional Water Special Service District, featuring a 587.5 KW system installed on a holding pond at the Signal Hill facility. The project, backed by a $400,000 grant from Rocky Mountain Power’s Blue Sky Award program, will generate 871,086 kWh of clean energy annually.
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B.Grimm Power has signed 25-year power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) and the Provincial Electricity Authority (PEA) for a total of 323.3 MW across eight solar projects in Thailand. The agreements, involving B.Grimm’s subsidiaries and joint ventures, have commercial operation dates set from 2026 to 2030.
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Octopus Energy has revealed plans to invest £2 billion in UK clean energy projects by 2030. As part of this initiative, the company, through its Octopus Energy Development Partnership (OEDP) and the Sky fund (ORI SCSp), has signed agreements with BayWa r.e. to develop four new solar farms in Bristol, Essex, East Riding of Yorkshire, and Wiltshire.
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The evidence from this summer’s sizzling heat is in, and the verdict is clear: Renewables are reliably and economically transitioning the grid from fossil fuels. Heat waves pummeled California (in July and again in early September) and Texas (in August), but grid operators in both states had little trouble meeting demand, in large part due to the rapid growth of renewable energy generation (particularly utility-scale solar) and the installation of thousands of megawatts (MW) of battery storage capacity. For two of the largest power markets in the country, and for the U.S. as a whole, these are the hallmarks of a transformative shift.
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Renewable power capacity additions set a record in 2023 with 473 GW of new installed capacity – a 54% increase compared to 2022 additions, and the largest annual growth since 2000. Total global renewables capacity in 2023 increased by 14% rate, from 3391 GW in 2022 to 3865 GW in 2023. In 2023, the global weighted average costs of electricity from newly-commissioned utility scale solar photovoltaic (PV), onshore wind, offshore wind, concentrated solar power (CSP) and hydropower fell.
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Latvia’s transmission system operator (TSO), Augstsprieguma Tīkls (AST), has signed contracts with 12 wind and solar power plant developers for connecting more than 1,100 MW of renewable energy sources (RES) projects to the transmission network. This exceeds the capacity of existing solar and wind power plants installed in Latvia by more than 150 per cent.
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Origis Energy and the Tennessee Valley Authority (TVA) have entered into a power purchase agreement to expand their solar and storage projects in Mississippi. Origis will develop, construct, and manage the operations of the Hope Solar + Storage project in Clay County. The project includes a 200 MWac solar facility combined with 200 MW (800 MWh) of storage.
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RWE Supply & Trading has signed a MoU with AM Green Ammonia B.V. (AMG) for the long-term provision of 250,000 tonnes of green ammonia annually from AMG’s facilities in India. The ammonia will be produced at the Kakinada and Tuticorin sites, with an initial production of 50,000 tonnes at Kakinada and up to 200,000 tonnes sourced from Tuticorin.
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