Americas

Canadian solar developer OYA Renewables has secured US$27 million in financing from City National Bank, the US subsidiary of the Royal Bank of Canada.

Power generated by the PV plant will be sold to Colombian energy trading firm Spectrum through a power purchase agreement.

Brazil will invest BRL50 billion (US$9.5 billion) in new transmission lines and infrastructure to boost solar and wind deployments.

Hanwha Advanced Materials Georgia (HAGA) – part of Hanwha Solutions – will increase its investment in the US state of Georgia to support the integrated supply chain plans of its PV manufacturing subsidiary QCells.

In general, solar panels mounted over vegetation demonstrate surface temperature drops compared to arrays mounted over bare ground due to evapotranspiration from vegetation.

The residential solar industry in the US will be set for a growth spurt in 2023 and beyond as homeowner concerns combine with the blossoming impacts of the Inflation Reduction Act (IRA). So says the first “Solar Industry Snapshot” report from solar PV software provider Aurora Solar.

Solar technology and renewable energy company Canadian Solar posted a nearly 152% increase in net income last year, while its solar project development pipeline increased.

Two projects are in Massachusetts and the remaining one is in New York State.

Enel North America  and global food giant Nestlé have partnered on a Texas solar-plus-storage project with both an investment and a power purchase agreement (PPA) in place.

IRENA said a total of 192GW of solar capacity was installed in 2022, up 22% yoy.