Power Plants

Xcel Energy has announced plans to construct 3.6GW of new renewable power generation capacity and 600MW of new storage facilities.

The combination of strict land legislation, elaborate permitting and a fiercely competitive solar developer market trying to meet ambitious PV deployment targets is causing issues for the French solar market.

Norwegian renewable energy developer Scatec has started commercial operation of 150MW solar PV plants in Pakistan.

Community solar developer Reactivate has partnered with US retailer Walmart and US Bancorp Impact Finance, a subsidiary of financing entity US Bank, to develop solar projects in Illinois and New York, US.

US solar developer Vesper Energy has closed US$590 million in financing for its 600MW Hornet solar project in Swisher County, Texas.

London-based renewable energy investor Cubico Sustainable Investments has acquired a portfolio of 12 solar and hybrid power projects in Mexico

Germany’s latest solar PV auction for ground-mounted capacity has ended three and half times oversubscribed with nearly 5.5GW of bidding capacity submitted.

Lightsource bp, the solar power arm of oil and gas major bp, has sold a 294MW solar portfolio in Italy to asset manager EOS Investment Management Group.

Two solar PV plants have been installed in gold mines in the Democratic Republic of Congo (DRC) and Mongolia to supply clean energy to their operations.

The co-location of renewable generation and energy storage demands new contractual arrangements to make such projects commercially viable. Jack Rankin, Miguel Valderrama and Brian Knowles of Pexapark explore how hybrid PPAs are becoming a favoured solution for structuring deals that capture the full value of both assets.