Projects

The co-location of renewable generation and energy storage demands new contractual arrangements to make such projects commercially viable. Jack Rankin, Miguel Valderrama and Brian Knowles of Pexapark explore how hybrid PPAs are becoming a favoured solution for structuring deals that capture the full value of both assets.

Indian conglomerate Larsen & Toubro has been contracted to build a 1.8GWac solar PV project as part of Dubai's Mohammed bin Rashid Al Maktoum Solar Park.

New solar installations in China reached 216.88GW in 2023, a 148.12% year-on-year increase, according to the National Energy Administration of China.

Scatec posted record-high revenues and construction figures over 2023 which it said was facilitated by lower module and BESS prices.

Schroders Greencoat has revealed that it will complete the UK’s “largest-ever solar acquisition”, securing 53 solar farms from Toucan Energy.

US community solar company Nautilus Solar Energy has signed a US$72 million tax equity deal with institutional investment management firm Foss & Company for a 62MW solar portfolio.

Verano Energy has submitted an environmental impact assessment for its proposed 5.85GW Horizonte de Verano solar project in Peru.

Earlier this month California-based solar manufacturer Auxin Solar announced that it was suing the US Department of Commerce (DOC) and Customs & Border Patrol over unclaimed payments from the antidumping and countervailing duty (AD/CVD) tariffs.

UK BESS developer Harmony Energy has established a joint venture with New Zealand energy group Clarus' subsidiary First Renewables to develop a 200MWac solar project.

Grenergy has signed a power purchase agreement (PPA) for the fourth phase of its Oasis de Atacama solar-plus-storage project in Chile.