MRC Allied, a property development firm based in the Philippines, is making a powerful foray into the energy scene, by revealing an ambitious plan to build up a portfolio of 1GW of clean energy by 2022 – with solar PV constituting half of that capacity.
UK solar and wind asset owner Greencoat Renewables is eying an IPO to raise as much as €250 million (US$280 million) to pursue additional wind and solar projects across Europe.
Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.
Wind and solar power produced more than 10% of the electricity generated in the US for the time in March, according to new analysis by the Energy Information Administration (EIA).
UK alternative investment firm Ingenious has teamed with Australian developer Stellata Energy for a landmark joint venture to develop large-scale solar energy in Australia, including a flagship 120MW ground-mounted project.
French solar developer Neoen is developing the state of Washington’s largest solar PV project to date – a 20MW site to be built on former Hanford Nuclear Reservation land near Richland.
The European Bank of Restructuring and Development (EBRD) is financing a second solar park in Kazakhstan following the 50MW Burnoye Solar 1 established in April 2014.
Following on from the successful year for solar that was 2016, the US market added 2,044MW of new capacity in Q1 2017 alone. As installations grow, prices continue to fall to new lows and utility-scale system prices dropped below US$1/Watt for the first time according to GTM Research.
Abu Dhabi has broken ground on what will be the world’s largest independent solar plant, the deputy chairman of the country’s Executive Council has said.
Saudi Arabia’s Alfanar Energy has signed a PPA with the Egyptian Electricity Transmission Company (EETC) for the development of a 50MW solar plant in Egypt, according to local reports.
Representatives from the Anderson Municipal Light and Power utility (AML&P) and wholesale provider Indiana Municipal Power (IMPA) cut the ribbon on the 5MW Anderson solar park last week.
The US Trade and Development Agency (USTDA) is continuing its mission of funding priority development projects in emerging economies, this time by signing two grants that leverage US technology and investment to increase access to affordable, reliable electricity in Kenya.
