The World Bank has approved funding for a US$497 million renewable energy project in South Africa that will see 150MW of solar and 70MW of wind capacity installed in place of the coal-fired Komati power plant.
Average construction costs for US utility-scale solar PV installations continued to drop in 2020, research from the US Energy Information Administration (EIA) has said, whilst onshore wind and natural gas costs rose.
Aspen Power Partners, a US distributed generation developer, has received a US$350 million investment from global investment firm Carlyle. It said that the funds will be used to fuel its growth and acquisitions strategy.
Canadian renewables company Westbridge Renewable Energy Corporation has added the Eastervale solar-plus-storage project in Alberta, Canada, to its portfolio.
EE North America, a subsidiary of Danish renewables developer European Energy, will develop a 2GW pipeline of solar power and energy storage in Arizona and surrounding states. The pipeline is part of an agreed partnership with Elio Energy, a utility-scale renewables developer, and is expected to commence construction between 2023-25.
The US installed 1,877MW of utility-scale solar during Q3 2022, a 23% drop year-on-year, amidst ongoing policy issues, according to trade body the American Clean Power Association (ACP).
Rezolv Energy, backed by sustainable infrastructure investor Actis, has acquired rights to a 1,044MW PV plant in western Romania. Actis has said the project is “expected to be the largest solar PV plant in Europe”.
Erthos, an Arizona-based energy technology company and creator of Earth Mount Solar PV, has announced 14MW of contracted projects and a memorandum of understanding (MOU) for a 107MW single project.
