News

A group of investment firms led by the Asian Development Bank (ADB) has partnered with the government of the Solomon Islands to finance new solar PV power plants, increase rooftop solar PV installations, and support the islands’ power sector reforms.

EDF Renewables, the Korea Western Power Company (KOWEPO) and Masdar have reached financial close for the 1.5GW Al Ajban solar project.

The power will be produced at the Khavda solar park, a hybrid technology renewable energy generation facility with a maximum output of 30GW located in the Indian state of Gujarat.

Monarch Private Capital and Invenergy have closed US$170 million in financing for the second phase of its Samson Solar Energy Center.

Development of the projects has already begun according to the companies, which have collaborated in the past.

State-owned energy company Stanwell has inked a 15-year power purchase agreement (PPA) to secure renewable energy derived from 775MW of solar PV owned by Genex Power in Queensland, Australia.

Eurowind Energy has signed a shares purchase agreement for a 55MW solar portfolio, currently under construction in Portugal.

The winning bid from SunPower assets are the Blue Raven Solar business, New Homes business and non-installing Dealer network.

Section 301 tariffs to be implemented in 2024 will take effect on 27 September, such is the case for solar cells.

Solarcycle will supply Heliene with 4GW of glass over the next five years, marking a significant partnership between to US manufacturers.