BP-backed renewables group Lightsource BP is set to invest €900 million (US$1.1 billion) in solar company INSUN to fund the development of five utility-scale solar projects across Portugal.
After receiving record-low prices in both its previous solar auctions, Portugal is now aiming to support the development of floating PV projects through its next tender process. Pedro Amaral Jorge, CEO of Portuguese renewable energy association APREN, talks to PV Tech about the prospects for the country’s solar sector.
Solar electricity output in the US outpaced all other renewables and grew by nearly a quarter (24.3%) in the first three months of 2021 compared to last year, new data from the country’s Energy Information Administration (EIA) has shown
ReneSola Power is aiming to build on its solid first quarter financial performance to reach a 2GW PV project pipeline by the end of the year, as it prepares to enter at least two new Europen markets.
Trade association SolarPower Europe (SPE) has called on the European Union to increase the share of renewables in final energy demand to at least 45% by 2030, a move it says would put the bloc on track to deliver on the 1.5° Paris Agreement scenario.
Solar developer and distributor BayWa r.e. has acquired French wind and solar developer Enerpole to grow its presence in the country’s renewable energy sector.
Solar contractor iSun’s pre-tax earnings fell further at the start of 2021 compared to the same period last year, while its gross margin took a hit due to project delays brought on by COVID-19.
