Energy utility American Electric Power (AEP) has agreed to a sale of its 1.3GW unregulated renewables portfolio for approximately US$1.5 billion including project debt, with a view to investing in its regulated wires and generation business.
US distributed solar provider Sunrun has reported GAAP revenue growth of 44% year-on-year through 31 December 2022, with a similar 40% rise in Q4 last year compared with Q4 2021. 2022 also saw record solar installations for the company.
The China Petroleum and Chemical Corporation, also known as Sinopec, has inaugurated a green hydrogen facility in the Erdos region of Inner Mongolia which will employ 270MW of solar PV generation.
Finnish renewables developer Taaleri Energia – the renewables arm of Taaleri Group – and Nordics-focused developer Landinfra Energy have entered a partnership to develop 1.9GW of hybrid solar, energy storage and wind projects in Sweden.
Renewable energy developer MPC Energy Solutions has signed a long-term power purchase agreement (PPA) with a subsidiary of Guatemalan sugar cane processor and exporter Ingenio Magdalena S.A (IMSA) for power produced at a 65MW solar PV plant in the country.
Energy major TotalEnergies has signed two power purchase agreements (PPA) with fellow French industrial gases company Air Liquide for 260MW of solar PV and wind power. The power offtaken will supply the Secunda oxygen production site in South Africa.
Long-term domestic supply deals and strategic partnerships between companies in the PV value chain are increasingly key to long-term supply chain security and ensuring project delivery to appropriate standards.
PV manufacturer Risen Energy has recorded a 23.89% efficiency rating on its Hyper-ion heterojunction technology (HJT) solar module, which it claims is a new world record for HJT module efficiency.
India needs to issue more renewable energy tenders if it is to meet the government’s target of 450GW of installed capacity by 2030, as the changing preferences of distribution companies have seen less uptake and states have been inconsistent in fulfilling purchase obligations.
US-based independent power producer Altus Power has reached financial close on 220MW of solar PV assets representing an investment of approximately US$293 million.
