utility-scale solar

Shell Overseas Investments and renewable energy company Emerging Power Inc. (EPI) have agreed to jointly develop, own, operate and maintain 1GW of utility-scale solar PV in the Philippines by 2028.

Investor CleanCapital has acquired renewable energy developer BQ Energy, adding 300MW of late-stage solar development to its pipeline.

D.E. Shaw Renewables Investments (DESRI) has secured up to US$400 million in new capital finance to support its US renewables strategy.

Arab-speaking countries in the MENA region have planned to increase utility-scale solar capacity by 49.5 GW by 2030, according to Global Energy Monitor.

Investment firm General Capital has invested US$500 million in developer Pine Gate, which will support its utility-scale solar expansion.

Solterra Energy has entered into a partnership with renewable investors Leyline Renewable Capital, under which Leyline will provide US$10 million to support up to 1GW of distributed generation (DG) and utility-scale solar projects across the eastern US.

Utility-scale solar in the US remains plagued by underperformance issues as capex costs have risen for the “first time in decades”.

Global investment manager CarVal has invested €100 million (US$107 million) in Swedish solar company Svea Solar to support its expansion of utility-scale solar plants in Europe.

Norwegian energy giant Statkraft has opened its first large-scale solar plant in India as it targets long-term growth in the South Asia country.

Arizona Public Service (APS) has issued an all-source request for proposals (RFP) for 1-1.5GW of resources to be added before 2027.