Projects

BNZ has secured a €166 million (US$185.4 million) loan from the European Investment Bank (EIB) for 700MW of new solar capacity in Europe.

One of the “market signals” the company cited is an increase in negative electricity prices across Europe, as supply exceeds demand.

The world is on pace to add 593GW of new solar power capacity in 2024, a 29% increase over the capacity added in 2023.

Arevon started construction at the 251MW project, located in Gibson County, last month. It will sell the project to NIPSCO once completed.

Coca-Cola Europacific Partners (CCEP) has signed a virtual power purchase agreement (VPPA) with French developer Engie to source green electricity from the newly-built 300MW Wellington North Solar Farm in New South Wales, Australia.

A group of investment firms led by the Asian Development Bank (ADB) has partnered with the government of the Solomon Islands to finance new solar PV power plants, increase rooftop solar PV installations, and support the islands’ power sector reforms.

The power will be produced at the Khavda solar park, a hybrid technology renewable energy generation facility with a maximum output of 30GW located in the Indian state of Gujarat.

Some key takeaways from the solar industry at this year's RE+ event held in Anaheim, California, including the upcoming election and IRA.

Development of the projects has already begun according to the companies, which have collaborated in the past.

State-owned energy company Stanwell has inked a 15-year power purchase agreement (PPA) to secure renewable energy derived from 775MW of solar PV owned by Genex Power in Queensland, Australia.