Projects

British renewables company Savannah Energy has signed a memorandum of agreement (MoA) with the government of Niger to develop up to 200MW of solar PV.

Industrial group Baywa recorded €1.5 billion (US$1.63 billion) in revenues from its renewable energy business in Q1 2023, just under a 25% of the group’s total quarterly revenue of €6.3 billion (US$6.8 billion).

Falling solar module prices in recent years mean it can be beneficial to oversize the DC capacity in PV plants. John Leslie of BTY presents findings from a study that suggests developers should, in certain cases, investigate using higher DC/AC ratio designs.

Australia’s Federal Budget 2023-2024 included AU$4 billion (US$2.71 billion) new investment in the energy transition, and confirmation of tenders for renewables and energy storage.

Solar developers GreenGo and Hydro Rein have inked a partnership agreement to develop utility-scale PV projects in Sweden, with the first two projects signed for this week.

US renewables developer Pivot Energy has closed a US$203 million financing facility to fund 100MW of distributed solar PV projects across numerous states.

Dutch solar project developer and asset owner Photon Energy Group has completed two solar PV projects in Romania with a combined capacity of 9.5MWp.

Renewables developer Sonnedix has signed a 10 year power purchase agreement (PPA) with US data company Equinix for 150MWp worth of solar PV.

French renewables developer Akuo Energy and managing asset company Atlantica Sustainable Infrastructure have closed the financing of a Chilean solar PV portfolio.

Independent power producer (IPP) Scatec has posted strong results in the first quarter of the year driven by strong operational and financial performance.