Power Plants

India has approved implementation of Phase-Ill of its ‘Off-grid and Decentralised Solar PV Application Programme’, which targets an additional 118MW off-grid solar PV capacity by 2020, in street lights, study lamps and home systems.

Port operator DP World’s Jebel Ali Free Zone (Jafza), a free economic zone at the western end of Dubai, has launched the UAE’s first green storage and warehouse facilities and is set to install 88,000 PV modules across its Dubai facilities' rooftops.

French power giant ENGIE has acquired Brittany-based renewable energy firm the LANGA Group, which has activity in solar, wind, biogas and biomass.

BlackRock has acquired an additional 57MW of operational UK solar as part of its £1 billion Kingfisher partnership with Lightsource BP.

Gold producer B2Gold has officially opened a solar plant at its Otjikoto Mine in Namibia.

Brazil’s Votorantim Energia, managed by Votorantim SA, and the Canada Pension Plan Investment Board (CPPIB) agreed to form a 50-50 joint venture company that will invest in renewable energy across Brazil, Reuters reports.

Canadian commercial-scale renewable energy company BluEarth has started construction on a 54MW PV project located in the province of Ontario.

According to Bloomberg New Energy Finance (BNEF), the global average selling price (ASP) of solar modules is expected to decline by 35% in 2018, compared to previous forecasts of a 20% to 27% decline, due to the Chinese government curtailing solar growth through new policies initiated last Friday.

Greenko acquires Orange Renewables, Energy minister praises achievements, CLEAN and GOGLA jointly launch India DRE Data Collection.

China-based solar PV project developer and operator ReneSola is one of the first companies to publically echo the impact expected from the Chinese government’s decision to significantly curtail solar deployment, highlighting the solar module ASP decline of modules as a key benefit to downstream developers.