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.
The ADB has signed a transaction advisory service mandate with utility Électricité du Cambodge to support the development of 2GW of solar power in Cambodia.
The US installed 1,877MW of utility-scale solar during Q3 2022, a 23% drop year-on-year, amidst ongoing policy issues, according to trade body the American Clean Power Association (ACP).
