Jonathan Touriño Jacobo

Energy technology company AES Corporation has commenced operations of a 100MW solar PV plant in Eloy, Arizona, its third in the area.

High development costs and an unstable regulatory environment have increased average solar power purchase agreement (PPA) prices in Europe to a new high of €76.84 (US$82.4)/MWh in Q4 2022.

A round-up of the latest news from the power purchase agreement market, including a virtual PPA between EDF and Thermo Fisher Scientific in Texas, Engie signing a 116MW PPA with Digital Realty in Germany and PG&E securing 30MW of community solar PPAs.

Independent power producer (IPP) Scatec refinanced US$100 million of its US$193 million bridge-to-bond facility with a new term loan due in Q4 2027.

Danish developer Better Energy and pension fund Industriens Pension have expanded their partnership with a further investment of €800 million in solar parks across Northern Europe.

Activities under the new Regional Emergency Solar Power Intervention Project, a US$311 million regional project for which the World Bank supports, have started in Freetown, Sierra Leone.

The Ministry of Ecological Transition (MITECO) in Spain has authorised 132 solar PV projects across the country with a total capacity of 24.8GW.

Tech giant Amazon has added 8.3GW of renewable energy capacity in 2022 globally, across 133 new projects in 11 countries.

The European Commission has released its Green Deal Industrial Plan based upon four pillars aimed to scale up a domestic manufacturing capacity for net-zero technologies.

Non-profit environmental law organisation Earthjustice has filed a complaint with the US Federal Energy Regulatory Commission challenging a rule that prevents renewables to provide ancillary services.