ACWA Power has signed an agreement with Badeel – the water and electric holding company of the Saudi Arabian Public Investment Fund (PIF) – to develop 4.5GW of solar PV projects in Saudi Arabia. The projects will represent an investment of SAR12.2 billion (US$3.3 billion).
Infinity Power and Greek infrastructure investor Copelouzos Group has signed a Memorandum of Understanding (MoU) to develop a project that can carry green energy from Egypt to Europe.
UAE state-owned renewable energy developer Masdar has signed a joint development agreement (JDA) with the Uzbekistan government to develop more than 2GW of solar and wind projects.
US renewables developer rPlus energies has signed a long-term power purchase agreement (PPA) with Idaho Power – a state utility – for its planned 200MW Pleasant Valley Solar project in Ada County, Idaho. The power will support operations at a data centre owned by Silicon Valley giant Meta.
Only one percent of land in Italy is suitable without limitations for ground-mounted solar PV projects in Italy, according to analysis company McKinsey.
PV tracker supplier Nextracker has commissioned a new factory to produce steel components for its tracker systems. The facility was opened in partnership with MSS Steel Tubes USA, a joint venture subsidiary between Metalogalva and Soufe, two international industrial manufacturers.
Korean-owned PV manufacturer Qcells has plans to invest US$100 million into a perovskite-tandem cell production line at its factory in Jincheon, South Korea.
AES Corporation has signed a Recycling Services Agreement with US solar recycling company Solarcycle, which will see modules from AES’ projects sent to Solarcycle’s Texas facility to be recycled and repurposed.
