Despite an initial selection of 15 bidders, Chile’s latest power auction awarded only two companies contracts, with 777GWh of solar PV co-located with energy storage and wind secured.
Australian energy software company Evergen has closed a AU$15 million (US$10.4 million) series B funding round, its largest capital investment to date.
Canadian pension investor OMERS Infrastructure has acquired a 49% interest in the Australian renewable energy platform of utility-scale solar developer Fotowatio Renewable Ventures (FRV).
As energy markets continue to adapt and grow, energy arbitrage could overtake frequency markets as a key revenue stream for many co-located solar plus storage projects.
Utility-scale PV developer Fotowatio Renewable Ventures (FRV) has signed off on a power purchase agreement (PPA) with Snowy Hydro, one of Australia’s main electricity generation and retailing companies.
The US$180 million twin projects were awarded in the second round of Jordan's solar programme in 2015 and will help Arab nation hit 10%-by-2020 clean energy goal.
Support from Bancomext and World Bank’s IFC will help Fotowatio take Potrero Solar project to finish line, with operational launch scheduled in mid-2020.
