A round-up of the latest project news, featuring Lightsource BP’s first Spanish project to begin operations, Risen’s module supply partnership with the US Mammoth Solar project, and the establishment of an 800MW pipeline in Latin America
Canadian Solar has secured a €50 million (US$59.7 million) bilateral corporate facility with Banco Santander to support its project development efforts in Europe, the Middle East and Africa (EMEA).
The amount of renewable energy that came in cheaper than the most competitive fossil fuel option doubled last year, according to new analysis from the International Renewable Energy Agency (IRENA).
Mozambique-based coal operator Ncondezi Energy has announced a joint venture (JV) with South African-based NESA to target South Africa’s C&I solar and storage markets.
With South Africa faced with ongoing power cuts, Jules Scully explores the how solar PV can help decarbonise the country’s coal-heavy grid while providing energy security.
South Africa’s solar sector has welcomed a new reform that will increase the country’s licensing exemption threshold for embedded generation projects from 1MW to 100MW.
Scatec will develop three projects in South Africa totalling 540MW of solar and 225MW / 1,140MWh of battery storage after being awarded preferred bidder status through a government tender.
Renewables are set to account for 70% of global investment in new power generation capacity this year with solar PV leading the growth, but spending on clean energy must accelerate much more rapidly if the world is to meet its climate goals.
