Norwegian oil, gas and renewables multinational Equinor ASA has acquired a 9.7% stake in Oslo-headquartered PV developer Scatec Solar ASA at a total purchase price of approximately NOK700 million (US$82.4 million).
Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has issued a request for selection (RfP) for a 200MW solar park to be awarded through competitive bidding.
The third round of Malaysia's Large-Scale Solar (LSS) tenders will be for another 500MW of capacity and details will be annonuced in January, according to energy minister Yeo Bee Yin.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has lowered its full-year 2018 revenue guidance for a second time, citing a closer focus on profitability through PV power plant project selection and manufacturing cost and capacity expansion controls.
India is expected to deploy just 4.1GW of solar in FY2018/19, down 55% year-on-year and roughly a quarter of the government’s annual target of 16GW, according to the latest report from consultancy firm Bridge to India.
A consortium of Saudi-based developer ACWA Power and contractor AlGihaz have closed financing of the SAR1.2 billion (US$319 million) Sakaka solar project standing at 300MW in Al Jouf, Saudi Arabia, a project that attracted headlines across the world last year after the government chose ACWA Power despite Masdar putting in the lowest ever solar bid.
The new chairperson of the Philippines Energy Regulatory Commission (ERC) has showed clear intention to solve the huge build-up of pending approvals of power projects, in what she dubbed as the ‘Zero Backlog Program’.
State-run utility Electricity Generating Authority of Thailand (EGAT) is planning to facilitate 1GW of hybrid floating solar-hydro projects across eight dams throughout the country.
Solar PV is “charging ahead” across the world as it outpaces other renewables, but far more significant action is required if a climate crisis is to be averted, the International Energy Agency (IEA) has warned.
