Mainstream Renewable Power has reached financial close for the second phase of its 1.3GW Andes Renovables wind and solar power generation platform in Chile.
Driven by declining module costs, solar was by far the world’s leading power-generating technology installed in 2019, making up 45% of new capacity, according to BloombergNEF.
‘Solar Module Super League’ (SMSL) member Trina Solar has reported its first financial results since delisting from the New York Stock Exchange (NYSE) almost four years ago, starting with record first half year PV module shipments of 5,840MW, a 37% increase of the prior year period.
Investment firm The Carlyle Group has acquired a 100MW-strong portfolio of solar assets under development in the state of Maine, the largest portfolio under construction in the state.
PV project developer and operator ReneSola Power is doubling down on efforts to expand its business in the US and Europe, targeting a total project pipeline of 1GW by the end of 2020.
Italian oil major Eni has bolstered its exposure to clean energy in the US after its Falck Renewables-led joint venture acquired project developer Building Energy US.
Two more utility-scale solar projects in Texas with a combined capacity of more than 400MWdc have closed financing, continuing the Lone Star state’s booming solar run.
The US federal government must use every tool available, and do so at an unprecedented scale, if it is to sufficiently tackle the climate crisis and stimulate a clean economy.
The US Energy Storage Association (ESA) has adopted a target of 100GW of energy storage capacity in the country by 2030, a capacity it said would help facilitate greater penetration of renewables.
