Power Plants

During 2022, capex for solar PV manufacturing fabs reached a record high - at more than US$27 billion - with spending dominated by Chinese companies building out new fabs in China and across Southeast Asia.

Solar module underperformance has nearly doubled since 2019, accounting for around US$2.5 billion in projected losses for the global solar industry.

Energy company AES Corporation expects to complete 3.4GW of new renewable energy projects globally in 2023.

US independent power producer (IPP) Silicon Ranch has expanded its master supply deal with domestic PV module manufacturer First Solar, bringing the total agreed supply between the companies to 6.2GW.

US utility Entergy Texas has signed a 150MW solar PV power purchase agreement (PPA) with renewables developer Longroad Energy in the US.

German research body Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has signed a letter of intent (LoI) with the Indian Department of Science and Technology (DST) to pursue developments in green hydrogen technology in the country.

The joint venture of Masdar and Taaleri, the Baynouna Solar Energy Company, has announced the inauguration of a 200MW solar park in Jordan.

Swiss renewable investment group GoldenPeaks Capital has completed the construction of 176MW of solar PV projects in Poland.

French financier Rgreen Invest and Echosys Advisory-backed investment advisor Echosys Invest have closed a new fund to finance solar power production across Africa.

Indian government-owned NTPC Renewable Energy has launched a bidding process seeking 310MW of floating and ground-mounted solar PV in India.