Power Plants

As Italy’s solar market looks to be finding its feet after a decade of stumbling around below the 1GW mark, 2024 could be the year it starts to cover real ground again.

The European Space Agency (ESA) will present an initiative aiming to deliver space-based solar power at a conference in London this week.

US solar developer Origis Energy has secured a US$136 million construction financing facility and conversion to term loan with financial group Mitsubishi UFJ Financial Group (MUFG) for a PV plant in Florida, US.

Rooftop solar capacity has surpassed 20GW in Australia, becoming the second largest source of renewable electricity generation.

Singaporean C&I renewables developer BECIS has secured US$50 million to expand business in Southeast Asia and India.

Indian renewables company Mahindra Susten has planned to develop a 153MW hybrid project in Maharashtra, India.

About AU$2.5 million of the funding will be used to ensure that residential solar modules can avoid landfills and are repurposed for parts.

Japanese power company Jera has created a subsidiary that will develop 20GW of renewable capacity by 2035.

Israel-headquartered independent power producer (IPP) Econergy has begun commercial operations at a 92MW solar PV project in Romania.

Two solar PV developers - Soltec and Recurrent Energy - have closed financial deals for projects in Brazil this week .