Power Plants

Greek transmission system operator Independent Power Transmission Operator (IPTO) has signed a long-term loan agreement with the European Investment Bank (EIB) to finance a power connector between mainland Greece and outlying islands.

Renewable energy, such as wind and solar, is expected to dominate power generation out to 2050 thanks to the continuing cost competitiveness and the adoption of these sources into the power systems. However, significant acceleration in financing and building new capacity remains the challenge to continue the growth, according to the latest edition of bp’s Energy Outlook.

Australia and Germany have collaborated to boost research into green hydrogen production with a A$110 million (US$77.8 million) investment in four projects.

Renewables investment firm Copenhagen Infrastructure Partners (CIP) has sold the entire ownership interest in the Travers solar project in Canada.

Enfinity Global has signed a 10-year PPA with renewable energy generator Statkraft, producing 191GWh of electricity in Italy a year. 

Solar tracker manufacturer Soltec has obtained environmental permits for 401MW of PV plants in two provinces of Spain.

Solar developer GreenGo Energy has partnered with a Danish municipality to develop a 4GW energy park consisting of solar and wind projects.

Spanish energy company Cepsa has announced plans for a 200MW solar PV project to supply power to a green hydrogen plant in Andalusia, Spain.

Solar PV manufacturer Qcells has signed a deal with Microsoft to supply at least 2.5GW of its modules to projects from which the tech giant will purchase renewable energy.

US hydrogen production company Element Resources has announced a plan to build and operate a new facility in Lancaster, California, producing 20,000 tons of renewable hydrogen annually.