Iberdrola has paused tenders for goods and services associated with the construction of renewables projects in Spain following the introduction of new measures in the country that limit the profitability of non-emitting power plants.
Concerns have been raised that new measures introduced by Spain’s government to limit windfall profits of renewable energy plants could dent investor confidence and impact the stability of the country’s solar sector.
The amount of solar installed in the US in 2020 was 4000% higher than was installed in 2010, with 8,894MW of utility-scale solar projects being added, as corporate demand becomes almost on par with utilities
US utility Alliant Energy has started construction work on a 675MW portfolio of solar projects in Wisconsin after securing approval from state authorities.
Engie has been awarded rights to develop two hybrid projects in Chile that will combine solar, wind and battery storage and have a combined capacity of 1.5GW.
Michigan utility Consumers Energy has revealed plans to build nearly 8GW of solar by 2040 as part of efforts to accelerate its transition away from coal.
Spanish utility Acciona has set a price range for its planned initial public offering (IPO) of its renewables division of up to €29.76 (US$35.36), potentially valuing the business unit at as much as €9.8 billion (US$11.6 billion).
The US installed more than 5GWdc of solar capacity in Q1 2021, taking its cumulative capacity past the 100GW barrier, but supply chain constraints could pose a major barrier to further growth.
