Americas

The Spanish company expects that 1.2GW – or 40% of the total capacity purchased from the American IPP – to be live by 2023.

The deal, which Dominion says is largest ever brokered by a US state government, comprises four different solar projects set to come online before 2023, as well as one wind project.

Solar players reap combined 530MW in contracts of 2.9GW awarded to wind, hydro and thermal plants, with average PV prices the lowest at around US$20.5/MWh.

The firm’s new acquisitions were unveiled just one day after reports emerged that it plans to sell a 39MW utility-scale North Carolina PV portfolio to London-headquartered US Solar Fund.

The news comes weeks after the technology giant announced a raft of 1.6GW of undisclosed global renewable energy deals, including 720MW of US solar.

Independent global private asset management firm Capital Dynamics and US-based independent solar and storage developer 8minute Solar Energy have completed the 121MW Springbok 3 Solar Farm.

GES to build 97MW solar plant for Engie in Chile, Sterling & Wilson bags 200MW EPC order in Australia, BHEL tenders for floating solar equipment at Indian coal plant, ACC and Hyperion for JV in Hong Kong.

Cubico Sustainable Investments progresses on another project following acquisition of Cypress Creek portfolio.

Major polysilicon producer Wacker Chemie has warned its overall group profitability for 2019 would be around 30% lower than the prior year, due to continued weak demand from the solar industry in China and continued polysilicon prices declines to industry record lows.

Renewables investor NextEnergy Capital (NEC) has made its second major solar acquisition in the US, cementing its position in the market.