Power Plants

Independent power producer (IPP) Scatec targets to invest NOK10 billion (US$946 million) of equity for new renewable power plants through 2027.

The ADB has signed a transaction advisory service mandate with utility Électricité du Cambodge to support the development of 2GW of solar power in Cambodia.

EE North America, a subsidiary of Danish renewables developer European Energy, will develop a 2GW pipeline of solar power and energy storage in Arizona and surrounding states. The pipeline is part of an agreed partnership with Elio Energy, a utility-scale renewables developer, and is expected to commence construction between 2023-25. 

The US installed 1,877MW of utility-scale solar during Q3 2022, a 23% drop year-on-year, amidst ongoing policy issues, according to trade body the American Clean Power Association (ACP).

Rezolv Energy, backed by sustainable infrastructure investor Actis, has acquired rights to a 1,044MW PV plant in western Romania. Actis has said the project is “expected to be the largest solar PV plant in Europe”.

Erthos, an Arizona-based energy technology company and creator of Earth Mount Solar PV, has announced 14MW of contracted projects and a memorandum of understanding (MOU) for a 107MW single project.

rPlus Energies, the Salt Lake City-based renewables developer, has broken ground on the 200MW Appaloosa Solar 1 project in Iron County, Utah.

Norwegian energy company Equinor has acquired Danish solar developer BeGreen, strengthening Equinor’s solar PV portfolio and capabilities.

One third of US households who installed solar PV in 2021 had incomes between US$50,000-100,000, according to a report from LBNL.