Power Plants

Vietnam’s planned solar capacity is “too high” and needs to be downgraded, according to local media reports that reference a government communication.

Solar power generation in the US rose by 25.23% in 2021, making it the country’s fastest-growing source of electricity, while renewables accounted for 21.02% of all electricity and look set to surpass coal in terms of total production in 2022.

Australian mining magnate Andrew Forrest’s Squadron Energy will invest AU$3 billion (US$2.16 billion) in wind, solar and battery storage project in Central Queensland, Australia.

Indian independent power producer (IPP) ReNew Power posted a 25.6% jump in revenue for the first nine months of the fiscal year 2022 (FY22) compared with the same period in the 2021 fiscal year, while its net losses soared as a result of its August IPO on the NASDAQ.

Clean energy marketplace and technology services platform Palmetto has raised US$375 million to support its business expansion as it looks to drive uptake of rooftop solar and expand to offer new products. 

unnova continued to reduce net losses in the closing quarter of 2021 despite interconnection delays in late December, helping reduce the company’s net loss year-on-year.

Commission (CEC) over the state's renewables progress were premature, citing ongoing concerns over the future of net metering.

Lightsource bp is eyeing solar opportunities throughout Asian markets as it progresses towards its target of deploying 25GW of solar PV by 2025.

China is expected to add 83 – 99GW of PV capacity every year from 2022 to 2025, while Europe is now its largest export market for solar products, according to a China Photovoltaic Industry Association (CPIA) report on the outlook for the PV industry over the next few years.

Gigawatts of solar and wind plants from renewables developer Apex Clean Energy could be used to power a green hydrogen hub in Texas that would help decarbonise hard-to-abate industries.