The European Bank for Reconstruction and Development (EBRD) is providing an initial $4.2 million loan to TAQA PV for Solar Energy, TAQA Arabia’s renewable energy subsidiary. This loan will support one of the first green private-to-private projects in the country and is part of a financing package of up to $10 million to expand TAQA Arabia’s private-to-private renewable energy business.
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Centrica Energy Trading, a subsidiary of Centrica PLC, has signed a long-term power purchase agreement (PPA) with Finnish renewable energy developer Taaleri Energia for procuring renewable power from the latter’s assets in Finland. As part of a five-year agreement, Centrica Energy Trading will buy power from Taaleri Energia’s 312 MW of operational renewable power portfolio spread across 13 sites in Finland.
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McDonald’s plans to finance three renewable projects in the United States. The company has already completed new virtual power purchase agreements for developing up two wind farms and a set of solar projects. These projects will be constructed across Illinois, Oklahoma, North Carolina and Ohio.
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The Ministry of Energy, Uzbekistan has shortlisted 11 bidders under the final phase of a tender for a 200 MW solar park. The project is set to be developed at Sherabad in the Surkhandarya region. The project site is 46km west of the Surkhan substation which is the main hub for electricity supply within Surkhandarya.
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ENGIE North America and Hannon Armstrong have announced a new partnership to jointly invest in a distributed generation portfolio of solar and solar-storage assets located across the US.
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The Royal Automobile Club of Victoria has announced a $1 million investment in solar and battery installations for bushfire-prone areas of Victoria over the next two years.
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The Dubai Water and Electricity Authority (DEWA) has reported that the third phase of the Mohammed bin Rashid Al Maktoum (MBRAM) Solar Park has been commissioned. This signifies an addition of 800 MW of solar capacity to the existing operating capacity of 213 MW. The third phase was developed by French renewables company, EDF in collaboration with DEWA and the Abu Dhabi Future Group.
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The IEA’s Renewables 2020 report concludes that while other fuels have struggled due to Covid-19 this year, the market for renewables has proved “more resilient than previously thought”. The continued growth of wind and solar means renewables, including hydro and bioenergy, would displace coal as the largest source of the world’s power by 2025, says the IEA’s report.
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AEP Energy Partners (AEPEP), a subsidiary of American Electric Power Company is seeking proposals for off-take from new solar and new wind projects located in Ohio and Texas.
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KKR & Co. Inc. has announced the signing of agreements with NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc. and NextEra Energy Partners LP to acquire equity interests in portfolios of contracted utility-scale wind and solar power assets. , KKR will invest a total of about $1.4 billion in two transactions for equity interests in 1,625 MW of renewable energy assets.
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European Energy, a renewable energy developer plans to develop a solar power project with a capacity of 300 MW in Denmark. The project will be set up in the municipality of Aabenraa in southern Jutland. The construction of the project would require an estimated investment of $159 million, set to be the biggest solar installation in the Nordic region.
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Clean Energy Infrastructure, a renewable energy investment management business of Capital Dynamics, has entered into an agreement with LS Power to acquire three of the latter’s solar power projects. These three projects, with a combined capacity of 316 MW, are located in California, Arizona, and Delaware.
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Independent renewable power producer, Innergex Renewable Energy, has signed two 25-year power purchase agreements (PPAs) with the Hawaiian Electric Company to supply power at a fixed price from two solar and energy storage projects. The projects, Barbers Point and Kahana, will be located on the Hawaiian Islands of Oahu and Maui, respectively.
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Statkraft Ireland has acquired five fully permitted solar projects from Lightsource bp, a global leader in the development and management of solar energy projects. The total capacity of the five projects is 275 MWdc. These acquisitions are the most recent in Statkraft Ireland’s series of renewable energy transactions since 2018.
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The fusion of agriculture and solar – where elevated panels shelter crops beneath – can be seen in two ways: it makes the same piece of land doubly productive, or it slices away performance from both. There is something to be said for both arguments, as more and more so-called agroPV projects are being rolled out globally.
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Mainstream Renewable Power, a global wind and solar developer, has reached financial close for the second phase of its Andes Renovables renewable power platform in Chile. This second phase, called Huemul, will have a total capacity of 630 MW. It comprises of three onshore wind and two solar PV assets.
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The preliminary results of Portugal’s latest solar auction for 700 MW of capacity have been released with the winning bid price dropping to a record low of €0.01114/kWh. This is lower than the record low bid price of €0.0146/kWh witnessed in the 1,150 MW solar auction in Portugal in June 2019.
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Two African energy companies, Groupe Filatex and Dera Energy, have partnered to develop a total of 170 MW of solar power capacity in Madagascar. Together, the two partners plan to build three kinds of solar power plants, hybrid power plants to support existing heavy fuel oil plants, fixed solar power plants and mobile power plants.
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Duke Energy Renewables, a subsidiary of Duke Energy, has closed a preferred tax equity funding of $109.4 million from Goldman Sachs’ Alternative Energy Investing Group. This investment will be used to implement around 75 MW of solar and solar with energy storage projects over an 18-months period.
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Qatar’s 800 MW Siraj 1 solar project has reached financial closure with the Japan Bank for International Cooperation (JBIC) and Mizuho Bank agreeing to finance the construction of the project. The Japanese lenders have signed a $330 million syndicated loan according to the Qatar General Electricity and Water Corporation.
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