The investment, which is contingent on approvals, would help the Mansour Group-owned developer roll-out solar, wind, distribution infrastructure and EV charging systems in Egypt and neighbouring states.
Divestment of DG portfolio to Denmark’s Obton follows sales in countries including Poland and emerges after firm returned to profitability but noted rising short-term debt levels.
REC Group has officially started volume production of heterojunction solar cells and modules at its manufacturing complex in Singapore that will provide 600MW of annual capacity, when fully ramped.
Australian renewables investor Lyon Group has penned an agreement with China Huadian Corporation which will see the duo co-develop and invest in power-plus-battery energy storage systems across Australia, China and other Asian markets.
In an email exchange with PV Tech, the Dubai utility declined to comment on whether the tariff – allegedly submitted by a consortium led by Saudi Arabia's ACWA – was correct, with its CEO telling Bloomberg on Sunday it was "the lowest price worldwide."
Developer's plan to ensure projects can tap into 30% ITC rate before it tapers follows similar move by installer SunPower, which bought 200MW of panels this week.
Partner duo tell PV Tech their new 400MW platform will exclusively feature ground-mounted PV projects, with plans to initially target 10 installations.
TenneT commits €215m to 380kV/110kV substations and other grid upgrades to relieve congestion, following months of political pressure over PV-driven bottlenecks.
Canada's Brookfield adds to growing solar portfolio by becoming co-owner alongside financial giant KKR, in deal that saw original owner Acek shed final 20% stake.
