ACWA Power has signed an agreement with Badeel – the water and electric holding company of the Saudi Arabian Public Investment Fund (PIF) – to develop 4.5GW of solar PV projects in Saudi Arabia. The projects will represent an investment of SAR12.2 billion (US$3.3 billion).
Infinity Power and Greek infrastructure investor Copelouzos Group has signed a Memorandum of Understanding (MoU) to develop a project that can carry green energy from Egypt to Europe.
UAE state-owned renewable energy developer Masdar has signed a joint development agreement (JDA) with the Uzbekistan government to develop more than 2GW of solar and wind projects.
US renewables developer rPlus energies has signed a long-term power purchase agreement (PPA) with Idaho Power – a state utility – for its planned 200MW Pleasant Valley Solar project in Ada County, Idaho. The power will support operations at a data centre owned by Silicon Valley giant Meta.
Only one percent of land in Italy is suitable without limitations for ground-mounted solar PV projects in Italy, according to analysis company McKinsey.
According to BSW solar, questions about the mobilisation of storage and the appropriate assessment of required market premiums and maximum bid values for commercial PV investments were largely left out.
The solar projects are part of Repsol's plan to expand its business to international markets, as Italy offers great potential to strengthen its position in crucial European markets.
Spanish renewables platform Matrix Renewables has completed construction and financing of two 143MW/80MWh solar-plus-storage projects in California, with five power purchase agreements (PPA) in place with utilities and cities across the state.
