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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French energy giant Engie and ndependent power producer Neoen have announced plans to develop Europe’s largest solar-plus-storage plant . The project, “Horizeo” will have a installed capacity of 1 GW and include a green hydrogen production unit, an agrivoltaic plant, and a data center. It is estimated to cost Euro 1 billion and will be managed by French energy regulator CRE.
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Following a tough first half when corporate funding was down 25% year-over-year, recovery has been swift and broad, with corporate funding up 24% for the year. The solar ETF was up 225%, with 15 solar stocks up over 100% in 2020. Public market funding was also up with the help of several IPOs, and debt financing was up on the back of securitization deals.
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Total Solar Distributed Generation, a division of Total, has completed a 1 MW solar PV system at Renault Nissan Automotive India car manufacturing plant located in Chennai, India. The PV system is an integrated carport covering an area of 9,000 square metres and is expected to produce 2.1 GWh of renewable energy per year.
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After an 11% improvement in demand for solar in 2020, a 23% boost is predicted for Europe in 2021 with annual installations reaching 22.4 GW. This growth will continue into the later years with new annual additions reaching 27.4 GW in 2022. Despite a slight decrease in growth rates in 2023 and 2024, deployments of over 30 GW are expected in both years, with 30.8 GW in 2023 and 35.1 GW in 2024.
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ReneSola Power, a leading fully integrated solar project developer, has signed a Memorandum of Understanding with the asset management firm Eiffel Investment Group with 3 billion Euros under management. As part of this agreement, the two companies will form a joint venture that will provide financing for ReneSola Power’s current and future solar projects across Europe.
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Israel’s Electricity Authority has announced the results of its 608.95 MW solar auction. Seven bidders have been awarded projects in the country’s second solar tender with the power supply tariff set at 0.1745 Israeli Shekel (~$0.054)/kWh for all projects. This was the lowest quoted tariff in the bid which is now applicable for all winning projects and was determined using the uniform price method.
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Canadian Solar has sold its stake in two solar projects, Hays and Jenner, to BluEarth Renewables. Both of the solar projects have an installed capacity of 23 MW each and are slated to be operational by 2021. The management responsibilities of this project will also be taken up by BluEarth.
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ENCAVIS has connected the second major project in Spain to the grid well within the timeline. The project, Talayuela, is the largest solar park within the portfolio of ENCAVIS. It has an installed capacity of 300 MW.
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Located in Talavan, in the province of Cáceres, in the country’s southern region of Extremadura, the solar park is currently the third largest PV installation in Spain, after the 500 MW Núñez de Balboa solar plant owned by Iberdrola and the 493 MW Mula project owned by the Spanish industrial group Cobra.
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The Moroccan Agency for Sustainable Energy (MASEN) has opened a new tender (expiring on January 31, 2021) for six new solar energy projects with a cumulative capacity of 400 MW. According to the MASEN, the solar photovoltaic plants will be located across the country near Sidi Bennour, Kalaa Sraghna, Taroudant, Bejaad, El Hajeb and Ain Beni Mathar.
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Holaluz has signed a power purchase agreement with the German company Enerparc to acquire power generated from a total of 84 MW of solar photovoltaic parks in the Balearic Islands, Spain. The agreement has been signed for a period of 10 years.
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Spanish renewable energy company, Endesa has announced the commissioning of its first solar power plants to be connected to the grid in Seville, Spain. The solar parks, Las Corchas and Los Naranjos were developed by Enel Green Power and are located between the towns of Carmona and La Rinconada. The two projects have a combined capacity of 100 MW and could potentially generate 202 GWh of electricity annually.
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Hannon Armstrong Sustainable Infrastructure Capital Inc. has announced a preferred equity investment in about 1.6 GW onshore wind and utility-scale solar portfolio which was developed and operated by the Clearway Energy Group in the United States. The portfolio includes 974 MW of onshore wind, 192 MW of solar capacity, and 557 MW of utility-scale solar combined with 395 MW of co-located storage.
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Total Eren, an independent French power producer, in partnership with Greentech- Angola Environment Technology plans to develop a 35 MW solar power plant in Lubango, Angola. The two companies have signed an agreement with Angola’s Ministry of Energy and Water (MINEA).
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Pacifico Energy has started the construction of the 77 MW (DC) solar power plant in Ako-gun and Sayo-gun, in Japan. The commercial operations are expected to begin in 2023.
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Yadlamalka Energy Trust has developed an innovative solar power integrated energy storage project using vanadium flow battery (VFB). It is expected to be one of the largest solar-powered VFB projects and will come online in 2021 at Yadlamalka, South Australia.
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In the latest auction conducted by Poland’s Energy Regulatory Office, 800 MW of solar and 900 MW of wind capacities were allocated. The ERO had received 127 bids which included 64 bids for wind projects and 63 bids for solar projects. 96 bids submitted by 70 renewable energy developers were selected and a total of 46.3 TWh of capacity worth $3.83 billion was sold in the auction.
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A VPP is essentially a network that aggregates multiple smaller-scale generation sources, alongside energy storage systems and flexible power consumers. These VPPs relieve grid load with smart software applications that will enable the balancing and management of power sources to support both the integration of intermittent renewable sources and the adoption of more distributed energy resources (DERs), largely in rooftop solar.
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Silicon Ranch Corporation, which is based in Nashville, has finalised an investment round with $225 million in new equity capital. The proceeds from this funding round will be used to develop 1 GW or more of solar power capacity in the coming two years.
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