Nestlé is the sole tax equity investor of the 326MW Stampede solar-plus-storage project and will also acquire the renewable energy attributes from the whole capacity of the solar PV plant.
Net revenues for the quarter (for both CSI Solar and Recurrent Energy, the manufacturing and project development businesses) were US$1.6 billion, a 23% increase from US$1.3 billion in Q1.
Through a joint venture (JV) between the two companies, Atlas will build the project as part of the Luiz Carlos Solar Photovoltaic Complex in the Southeastern state of Minas Gerais.
According to data from the US Energy Information Administration (EIA) latest report “Preliminary Monthly Electric Generator Inventory”, solar PV accounted for 59% of all additions.
In Australia, the Victoria government detailed a new decarbonisation plan yesterday (21 August), with the aim of introducing around 7.6GW of rooftop solar PV generation by 2035.
Horizon Power, Western Australia’s region energy provider, has inked its first Indigenous Land Use Agreement (ILUA) with the Nyul Nyul people of Beagle Bay in Kimberley for a proposed solar PV development.
Singapore-headquartered renewable energy producer Vena Energy has signed an investment agreement with MGen Renewable Energy for a 550MW solar PV project in the Philippines.
Japanese PV inverter manufacturer Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) has expanded its footprint in the US with the construction of a 9GW inverter facility.
