lightsource bp

Solar developer Lightsource bp has signed a power purchase agreement (PPA) with a subsidiary of Taiwanese energy firm HD Renewable Energy (HDRE).

A joint venture featuring global oil major bp will begin construction on a 240MW solar PV project in Azerbaijan.

The rapidly changing nature of the world’s energy mix has necessitated similarly rapid changes in the solar PPA space.

Vesper sets a date to commission its Hornet Solar project, and Lightsource bp and Innergex commission projects in Louisana and Hawaii.

Under the terms of the agreement, the PV plant will provide renewable energy at a volume to achieve 100% renewable energy for NCIG’s Kooragang Island facility from 2030 onwards. 

Nozomi Energy has appointed Shizen Operations, a subsidiary of the Shizen Energy Group, to manage a 312MW solar portfolio in Japan.

Australia’s Clean Energy Council said 2024 was the best year for renewable energy investment since 2018, with AU$9 billion committed.

The portfolio comprises two projects: the 163MW Starr Solar in Starr County and the 125MW Second Division Solar project in Brazoria County.

Lightsource bp, the solar power development arm of oil and gas major bp, has commissioned the 187MW Peacock solar project in Texas.

The high cost of capital and growing community opposition to projects will be pressing challenges for the European solar industry in 2025.