Power Plants

The cumulative capacity of installed and commissioned PV increased by more than 25% last year, and reached about 1.2TW by the end of 2022.

Lightsource bp has begun construction of the first utility-scale solar PV project in Trinidad & Tobago, a 148MWp project owned by oil subsidiaries bp Alternative Energy Trinidad and Tobago and Shell Renewables Caribbean.

Despite the tracker market being dominated by European and US companies, TrinaTracker targets to expand its national and global reach.

Renewables developer Oracle Power PLC has signed a cooperation agreement with Chinese state-owned energy company PowerChina to jointly develop a 1GW solar PV project in Pakistan.

Testing and certifications company UL Solutions has published a new set of cyber security certification requirements for solar, wind and storage assets connected to the distribution grid, as well as other inverter-based resources (IBR).

For the first time in two years, European solar power purchase agreements (PPAs) have dropped during the first quarter of 2023.

A solar-plus-storage project is being planned for the capital of South Africa, as the city looks to move “away from Eskom reliance and towards a load-shedding-free Cape Town”, its Mayor said.

The EU has announced a request for proposals (RFP) for a 400MW solar PV tender for projects in Finland, with financing for the tender voluntarily provided by Luxembourg. It is the first cross-border renewable energy tender ever proposed in Europe.

Innovative power purchase agreement structures enable solar asset owners to boost returns and leverage their positions while providing offtakers with the opportunity to protect against increasing electricity prices and enhance their decarbonisation efforts.

Globally, 32% of business leaders estimated that their country will fully transition to renewables after 2050, while 8% said it would never happen.