Power Plants

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.

India’s Ministry of New and Renewable Energy (MNRE) has published its latest figures for clean power capacity additions in the country, which show that the country added 15GW of new solar capacity in the 12 months to the end of March 2024.