Power Plants

Lightsource bp has closed a tax equity deal, worth US$267 million, with financial services company Wells Fargo for a 481MW solar portfolio.

Solar PV will be the most dominant non-hydropower renewable in added capacity, with 12GW, during the next ten years in South Korea.

UAE-owned renewables company Masdar has signed a memorandum of understanding (MOU) and a joint development agreement with Zambia state-owned utility Zesco to develop 2GW of solar PV in the African country.

250MW of solar PV in Wisconsin owned by state utility Alliant Energy has come online this week, completed by engineering group Burns & McDonnell.

Renewables investor Cubico Sustainable Investments (Cubico) has signed an agreement with energy solutions platform ZEG Energias Renováveis (ZEG) to acquire a developing solar PV project in Brazil. 

Middle Eastern renewable energy company AMEA Power has signed an agreement with the Ivory Coast government for a solar PV project.

Renewable energy investor and asset manager NextEnergy Capital has launched its most recent international solar capital fund, NextPower V ESG (NPV ESG), with a target of US$1.5 billion in capital commitments and a ceiling of US$2 billion.

The US’s blocked solar supply chain combined with the threat of operational modules being damaged by extreme weather could leave project developers and asset owners at risk of revenue loss as replacement equipment becomes hard to source.

Module manufacturer JA Solar has partnered with UAE-based developer AMEA Power to supply modules to a 560MW solar PV in Egypt.

The Offshore Solar Platform (POS) has been officially launched in the Netherlands, together with Dutch independent research organisation TNO (Netherlands Organisation for Applied Scientific Research).