pv power plants

Renewable energy, such as wind and solar, is expected to dominate power generation out to 2050 thanks to the continuing cost competitiveness and the adoption of these sources into the power systems. However, significant acceleration in financing and building new capacity remains the challenge to continue the growth, according to the latest edition of bp’s Energy Outlook.

Solar tracker manufacturer Soltec has obtained environmental permits for 401MW of PV plants in two provinces of Spain.

NextEra Energy has reported a 16.1% increase in net attributable profit for 2022, while it has also introduced growth outlook through 2026.

Spanish energy company Cepsa has announced plans for a 200MW solar PV project to supply power to a green hydrogen plant in Andalusia, Spain.

Solar PV manufacturer Qcells has signed a deal with Microsoft to supply at least 2.5GW of its modules to projects from which the tech giant will purchase renewable energy.

Renewables developer Fotowatio Renewable Ventures (FRV) has declared its entry into the German market, opening its first German office in Munich in December and expressing the intention to develop 2GW of solar and energy storage assets in the next four years.

Filipino conglomerate Ayala corporation’s energy arm ACEN has started constructing a 300MW solar farm in the Philippines.

Colorado-based electricity distributor CORE Electric Cooperative has penned a wholesale power supply agreement with power generation developer Invenergy, which will give CORE access to an additional 1.2TWh of renewable energy a year.

Enlight Renewable Energy has filed for an initial public offering (IPO) to list its ordinary shares on the Nasdaq stock market in the US.

The European Investment Bank (EIB) has committed €28.5 million (US$30.8 million) to support the construction of 230MWp of solar PV projects in Greece’s Western Macedonia Region.