Power Plants

Renewables are set to contribute 80% of new power capacity to 2030 in the stated policies scenario (STEPS), with solar PV alone accounting for more than half of it, according to the International Energy Agency (IEA).

The US Department of Energy (DOE) announced a new tax incentive last week (19th October) for solar and wind projects in low-income and “underserved” communities, as well as Tribal lands.

Legislators in Texas face a balancing act when considering grid reliability and the ratio of different methods to generate power.

Renewables investor Magnora ASA has sold a 90MW solar PV project in South Africa to independent power producer (IPP) Globeleq.

Mining major Rio Tinto and Aboriginal energy partnership the Yindjibarndi Energy Corporation (YEC) have signed a memorandum of understanding (MOU) to pursue the development of solar and wind projects in the Pilbara region of Western Australia.

Spanish independent power producer Opdenergy has secured US$252 million for two solar projects with a combined capacity of 260MWdc.

Clearway Energy has started commercial operations at its Daggett solar-plus-storage facility in the US state of California.

Solar developer Lightsource bp has completed construction of the 135MW Conway Solar at Happy project in White County, Arkansas alongside state utility Conway Corp.

From 2023-2025, investments in Southeast Asian renewables will exceed US$76 billion, and this investment amount will likely continue to rise. 

India’s cabinet has approved a 13GW renewable energy project, which a 7.5GW solar park, in the most northern state of Ladakh.