Power Plants

Companies are purchasing solar, wind, and other forms of renewable energy more than ever before. The power purchase agreement (PPA) market in Europe has grown to a cumulative capacity of over 12GW, with a record 4GW signed in 2020. Corporate climate commitments are opening doors for investment in renewable energy, and continued price declines are convincing companies to sign new contracts. Is the European market ready to fulfil its potential? By Dr. Mercè Labordena, senior policy advisor at SolarPower Europe, and Milena Koot, communications advisor at SolarPower Europe

German PV solutions provider IBC Solar is adding microinverters and energy storage systems from Enphase Energy to its product portfolio.

Power product supplier Generac’s sales bounced back in the first three months of 2021, increasing 70% compared with the same period last year.

Scatec’s posted an improved first-quarter financial performance after closing its acquisition of hydropower developer SN Power in January and completing solar projects in South Africa and Ukraine.

Solar developer Solarcentury’s brand name has been retired following the company’s acquisition by Norwegian state-owned utility Statkraft.

China installed 5.56GW of solar in Q1 2021, new data from the country’s National Renewable Energy Consumption Monitoring and Warning Center has revealed.

Elon Musk pitched a new vision for Tesla’s home solar-storage product this week, labelling it a “profound” alternative to the status quo. Liam Stoker analyses Tesla’s newly-described offering, the integration of Tesla’s solar and storage into a single product and explores benefits that may have been overlooked.

Sunnova has reported a surge in Q1 2021 revenue as the US residential solar installer lauded its software and services capabilities.

California-headquartered solar tracker manufacturer Nextracker is moving forward with a proposed initial public offering (IPO) of the company.

French utility Engie has doubled its renewables deployment targets in Chile as part of plans to end its coal-fired generation activities in the country by 2025.