The World Bank has approved funding for a US$497 million renewable energy project in South Africa that will see 150MW of solar and 70MW of wind capacity installed in place of the coal-fired Komati power plant.
Renewables asset owner Brookfield Renewable is planning to commission at least 10GW of clean energy projects in the next three years, leveraging its newly acquired US solar businesses.
Average construction costs for US utility-scale solar PV installations continued to drop in 2020, research from the US Energy Information Administration (EIA) has said, whilst onshore wind and natural gas costs rose.
Aspen Power Partners, a US distributed generation developer, has received a US$350 million investment from global investment firm Carlyle. It said that the funds will be used to fuel its growth and acquisitions strategy.
Solar Media’s head of Market Research, Finlay Colville, examines the state of European PV manufacturing and discusses whether the continent’s domestic production will ever rise to sufficient levels to support the energy transition
