Power Plants

Renewable energy investment fund manager Copenhagen Infrastructure Partners (CIP) launched its second Growth Markets Fund (GMF) this week (4th December), seeking US$3 billion in financing for renewable energy generation.

Enfinity Global has secured €118 million to construct four utility-scale solar PV plants with a total capacity of 101MW in Italy.

DEPCOM Power, a provider of engineering, procurement and construction (EPC) work, is midway through construction on what it has called Puerto Rico’s "largest" solar-plus-storage project.

UAE state-owned renewable energy developer Masdar has signed a number of solar PV and renewables agreements in small and emerging global solar markets.

Spanish developer Acciona Energia will begin constructing a 380MW solar PV plant in Australia in the first quarter of 2024.

Scatec has signed an agreement with the Egyptian Electricity Holding Company to develop a project consisting of 1GW of solar and 200MWh of battery storage during the COP28.

The solar industry in California “has experienced devastating results in the form of business closures and depression-level layoffs”.

According to Spanish tracker provider Soltec, hailstorms resulted in construction-related losses exceeding US$1 billion in 2021 in the US.

New York state has installed 2GW of community solar capacity, according to the New York State Energy and Research Development Authority.

Solar PV developer and asset owner Photon Energy has signed an operations & maintenance (O&M) contract with Swedish developer OX2 AB for 100.19MWp of solar PV in Poland.