Strong PV growth was 'chief driver' of 24% rise in group-wide EBITDA between H1 2018 and H1 2019, says IPP as it notes this year’s European tender milestones.
Launch of construction works in South American desert should see US$180m project become commercially active by December 2020, IPP says.
Projects were originally to be joint ventures with the government.
State utility secures over US$20 million in funding to build complex in Kampong Chhnang province and will now tender for developers to deploy a 60MW first batch.
IPP hits 244MW capacity mark in European country after acquiring five solar car parks from Glennmont, an infra investor fast divesting PV assets.
The Alberta Investment Management Corporation (AIMCo) has completed the acquisition of over 90% ownership in Eolia Renovables de Inversiones through funds managed by Oaktree Capital Management. Financial terms of the transaction were not disclosed.
Renewable energy Independent Power Producer Total Eren has signed off on a shares purchase agreement that will see the company acquire NovEnergia Holding Company, another IPP based in Luxembourg.
Saudi Arabia has launched the second round of its solar power tender programme with a request for proposals for 1.5GW of solar.
French energy giant ENGIE has signed power purchase agreements for two solar power plants in Senegal.
French developer and independent power producer (IPP) Neoen will look to raise in excess of €620 million when it floats on the Paris stock exchange.
French energy major Total has completed the acquisition of a 73.04% stake in gas and renewable power provider Direct Energie.
Oman has confirmed a competitive tender for a 500MW PV project.
The Hawaiian Electric Company (HECO) will buy power from 110MW of new NRG-owned solar projects after state regulators approved the deal.
India’s leading renewable independent power producer (IPP) ReNew Power has brought online what is claimed to be the largest PV plant in Telangana with the 143MW Dichpally solar farm.
Having retroactively damaged its solar sector once before, Spain's latest renewable energy tender does little to repair the damage. While Saudi Arabia embraces a cost-based solar auction, Spain is tipping the scales in favour of the status quo.