Power Plants

The European Space Agency (ESA) will present an initiative aiming to deliver space-based solar power at a conference in London this week.

US solar developer Origis Energy has secured a US$136 million construction financing facility and conversion to term loan with financial group Mitsubishi UFJ Financial Group (MUFG) for a PV plant in Florida, US.

Rooftop solar capacity has surpassed 20GW in Australia, becoming the second largest source of renewable electricity generation.

Singaporean C&I renewables developer BECIS has secured US$50 million to expand business in Southeast Asia and India.

Indian renewables company Mahindra Susten has planned to develop a 153MW hybrid project in Maharashtra, India.

About AU$2.5 million of the funding will be used to ensure that residential solar modules can avoid landfills and are repurposed for parts.

Japanese power company Jera has created a subsidiary that will develop 20GW of renewable capacity by 2035.

Israel-headquartered independent power producer (IPP) Econergy has begun commercial operations at a 92MW solar PV project in Romania.

Two solar PV developers - Soltec and Recurrent Energy - have closed financial deals for projects in Brazil this week .

The rapid deployment of solar and other renewables is creating new pressures on the efficient operation of electricity markets. Stephen Woodhouse looks at whether a shift from national to locational pricing offers a solution to optimal market design as decarbonisation efforts gather.