Texas-based Vistra will develop nearly 1GW of solar and storage projects in the next two years as the utility plans to achieve net zero carbon emissions by 2050.
US utility Ameren will invest nearly US$8 billion to develop renewable energy over the next 20 years as it targets net-zero carbon emissions by 2050 across all operations in Missouri and Illinois.
A round-up of the latest project development news from the solar industry, as Vattenfall completes its maiden floating solar project, Acciona breaks ground on a 238MWp array in Chile and one of the Middle East’s largest bifacial solar projects completes three months early.
Vietnam will prioritise the development of renewables as the country’s government announces its ambition to invest around US$130 billion in new power plants and transmission networks over the next ten years.
Asset management firm Capital Dynamics has entered into an agreement to acquire interests in three US solar PV projects with a total capacity of 316MW from developer LS Power.
Indian state-owned power company Damodar Valley Corporation (DVC) will focus solely on solar projects to add additional capacity, as it looks to develop an extensive floating PV portfolio.
The renewables sector has been named among the most pandemic-resilient infrastructure sub-sectors, thanks in part to its ability to secure finance as well as government efforts to grow the green economy, according to a new white paper from investment firm Foresight Group.
South Africa’s solar industry has welcomed new government plans to purchase 6.8GW of additional renewables from independent power producers as of 2022, but warned that an “urgent response” is needed to tackle the country’s ongoing energy crisis.
