Projects

The project is expected to be operational in the first half of 2024, with the total financial volume estimated at US$245.95 million.

A combination of supply chain disruptions and extreme weather events that damage operational assets can lead to extended solar project downtimes. Rosa van Reyk, a senior underwriter at GCube Insurance, explores how the industry can ease supply chain pressure by rethinking cost efficiency and increased collaboration between developers and insurers.

US-headquartered global renewable energy developer Enfinity Global has signed another power purchase agreement (PPA) with Statkraft for 34GWh of solar energy produced at one of its Italian PV facilities.

Argentinian state-owned utility YPF Luz has commissioned a 100MW solar PV plant in the western province of San Juan, in Argentina.

The cumulative capacity of installed and commissioned PV increased by more than 25% last year, and reached about 1.2TW by the end of 2022.

Lightsource bp has begun construction of the first utility-scale solar PV project in Trinidad & Tobago, a 148MWp project owned by oil subsidiaries bp Alternative Energy Trinidad and Tobago and Shell Renewables Caribbean.

Renewables developer Oracle Power PLC has signed a cooperation agreement with Chinese state-owned energy company PowerChina to jointly develop a 1GW solar PV project in Pakistan.

For the first time in two years, European solar power purchase agreements (PPAs) have dropped during the first quarter of 2023.

The EU has announced a request for proposals (RFP) for a 400MW solar PV tender for projects in Finland, with financing for the tender voluntarily provided by Luxembourg. It is the first cross-border renewable energy tender ever proposed in Europe.

Innovative power purchase agreement structures enable solar asset owners to boost returns and leverage their positions while providing offtakers with the opportunity to protect against increasing electricity prices and enhance their decarbonisation efforts.