Projects

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.

The US Department of Energy (DOE) has closed loan financing for a 15MW solar-plus-storage project to be built on Tribal land in California.

The European Investment Bank (EIB) and FirstRand Bank have allocated €400 million (US$444 million) to support the development of solar PV and wind generation projects in South Africa.

Niam Infrastructure and Evecon have announced plans to build a new solar-plus-storage portfolio in Latvia.

AMEA Power is set to build one of Africa’s largest solar PV projects in Egypt, with a generation capacity of 1GW, after signing several PPAs.

French independent power producer (IPP) Neoen has inked a four-year power purchase agreement (PPA) with energy retailer SmartestEnergy Australia for 50% of the energy generated from the 440MW Culcairn Solar Farm in New South Wales.