Power Plants

Oceans of Energy has been working for the past four years in bringing offshore solar from R&D to commercialisation and scalability.

Offshore solar developer Oceans of Energy has received an approval in principle from certification services company Bureau Veritas for its high-wave offshore solar system design.

Sungrow, the Chinese-headquartered inverter and energy storage system supplier, has signed a contract with Samsung C&T to provide its inverter solutions to an 814MW solar PV project in Qatar.

African power development company Ncondezi Energy has secured a land agreement for its 300MW solar PV project in Tete, Mozambique.

Lithuanian renewables company Green Genius and Swedish developer OX2 have signed an agreement on the acquisition of 152MW of solar projects in Spain.

Renewables developer Econergy Renewable Energy has finalised a €150 million (US$157.7 million) loan agreement with Phoenix Insurance to support its pipeline of solar PV projects in Romania and Poland.

Lithuanian renewable energy company Green Genius has secured financing from Polish bank entity mBank to build 69MW of solar plants in Poland.

In early December, the Dutch government announced a €130/MWh revenue cap on solar and wind generation. The decision to lower the cap draws eyes, and potentially spells trouble for the country that installed Europe’s fourth largest solar capacity in 2022.

The share of renewables in net electricity generation in Germany nearly accounted for half of total power generation in 2022 with 49.6%, according to the Fraunhofer Institute for Solar Energy Systems (ISE).

A Madrid-headquartered developer has proposed a solar-plus-storage system in Spain with a 100MW/200MWh battery energy storage system (BESS).