Despite a significant drop in global renewable energy investment last year, a corresponding rise in renewables deployment spelled encouraging news for the sector, according to a new UN Environment Programme (UNEP) report entitled ‘More Bang for the Buck’.
Enel Green Power has signed a 25-year PPA with Zambia’s state-owned utility ZESCO for a 34MW PV project in the Lusaka South Multi-Facility Economic Zone in southern Zambia.
German PV systems integrator Phoenix Solar has reported a return to operating profit for the first time since 2010, with earnings before interest and taxes (EBIT) at €0.6 million (US$0.64 million), up from losses of €1.6 million last year.
Vertically integrated PV power plant developers such as First Solar and SunPower are losing ground to dedicated PV tracker firms, according to the latest analysis from IHS Markit.
Saudi Arabian power engineering firm ACWA Power has signed a power purchase agreement (PPA) for a 61.3MW solar plant in eastern Jordan, which it claims has the lowest PV tariff in the country to date.
President Trump’s long anticipated executive order advising the Environmental Protection Agency to withdraw parts of the Clean Power Plan (CPP) has left clean energy advocates unabashed, despite critics viewing the order as a total wipe out of Obama’s climate action legacy.
