The Solar Energy Corporation of India (SECI) has announced its intent to buy 500MW worth of ‘firm and dispatchable’ clean power from grid-connected renewable energy projects in 25-year power purchase agreements (PPA).
The Polish hydrogen company Hynfra has established a new company in Jordan to establish a green ammonia plant powered by a 530MW solar PV installation.
Romanian oil and gas producer OMV Petrom has bought a 710MW solar PV portfolio in its home country, which it said will be one of Southeastern Europe’s ‘most significant’ solar projects.
Global demand for solar PV could rise up to 40% in 2023 as favourable economics in the solar sector combine with broad policies like the Inflation Reduction Act (IRA) and REPowerEU schemes.
