Category: Big Moves

First Solar sells 10 GW solar project portfolio to Leeward

First Solar is in the process of selling a 10 GW utility-scale solar project platform to Leeward Renewable Energy Development in a $261 million transaction. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest benefit pension plans. The deal is expected to close in the first quarter, subject to regulatory approvals and customary closing conditions.

Read More

ACWA power to build wind farms in Uzbekistan

ACWA Power, a Saudi Arabia based power producer plans to build two wind farms and a thermal plant under a $2.5 billion public-private partnership in Uzbekistan. These are a part of the Uzbek government’s plans to build nine new electric power plants this year, including four thermal power plants and two wind farms.

Read More

Gujarat calls for proposals to set up 500 MW solar power projects

Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a Request for Selection (RfS) of solar developers to purchase power from 500 MW grid-connected solar photovoltaic power projects. GUVNL shall enter into a power purchase agreement with successful bidders for 25 years from the project’s scheduled commercial operation date.

Read More

Enel and QIA form a joint venture to develop renewable energy projects in south-Saharan Africa

Enel Green Power, a subsidiary of the Italian energy giant, Enel, has announced that it has signed a joint venture partnership with the Qatar Investment Authority to develop and exploit renewable energy resources in countries south of Saharan-Africa. Under the agreement, QIA will acquire a 50 per cent stake in four projects which are under construction and being developed by Enel Green Power in South Africa. Further, they will also acquire two operating plants in South Africa and in Zambia which will take the total acquired capacity to 800 MW.

Read More

Lightsource BP acquires 1.06 GW of solar projects in Spain

Lightsource BP has announced the acquisition of a portfolio consisting of 1.06 GW of solar projects in Spain from RIC Energy. Additionally, the sales agreement specifies a partnership with RIC Energy to develop solar projects in 14 sites across Madrid, Andalusia, and Castile and Leon. The first batch of projects is projected to reach ready-to-build status by the end of 2021 and be commissioned between 2022 and 2025.

Read More

Aker Horizons invests in Mainstream Renewable Power

Norway-based Aker Horizons, a wholly owned subsidiary of Aker ASA, will invest in a 75 per cent equity stake in Mainstream Renewable Power, with a valuation of Euro 1 billion, which includes an earn-out of up to Euro 100 million in 2023 and is subject to customary adjustments

Read More

Tesla enters solar inverter market

Tesla has come a step closer to a more comprehensive ecosystem by launching a proprietary solar inverter. The product – the Tesla Solar Inverter – comes in 3.8 kW and 7.6 kW versions featuring two and four maximum power point trackers (MPPTs), respectively.

Read More

Daystar Power mobilizes $38 million from development partners

Daystar Power, a Nigerian supplier of solar off-grids, has since been helping, along with other companies, to fill this gap. To increase the spread of its solution to households in West Africa, the company recently carried out a financial mobilisation that raised $38 million. The solar off-grid provider will use these funds to expand its activities in West Africa.

Read More

Senegal issues tender for 133 solar mini grids

The Senegalese Rural Electrification Agency (ASER) has announced tenders for supplying mini-grids for the electrification of 117 villages through solar power. The project implementation is being undertaken by the Senegalese Ministry of Oil and Energy. Further, it is being financially supported by the Islamic Development Bank and the Islamic Solidarity Fund for Development.

Read More

Trina Solar secures 4 GW order from NextEra

Trina Solar has signed a long-term PV module supply deal with US energy major NextEra Energy totalling 4GW, thought to be the largest order of its kind outside of China. In a financial statement, Trina Solar said the PV module supply deal was for its high-efficiency large-area (210mm x 210mm) wafer-based modules, known at the Vertex series launched at the beginning of 2020.

Read More

Plug Power to receive $1.5 billion strategic investment from SK Group

Plug Power Inc, a provider of hydrogen fuel cell and fuelling solutions enabling e-mobility, and South Korea- based SK Group, have announced that they intend to form a strategic partnership to accelerate hydrogen as an alternative energy source in Asian markets. In line with this partnership, the companies have also entered into a definitive agreement for SK Group to make a $1.5 billion strategic investment in Plug Power and are announcing a plan to form a joint venture company in South Korea.

Read More

Iberdola enters Polish wind power market

Spanish multinational electric utility company, Iberdola has announced the acquisition of a 50 per cent stake in offshore wind company, Sea Wind. The two companies are set to jointly develop a project portfolio of 7.3 GW going forward. The move marks Iberdola’s entry into the Polish market and is expected to drive the company’s expansion.

Read More

Carlyle Group invests in Amp Energy

US-based investment firm The Carlyle Group has committed $374 million to Amp Energy, a Canada-based renewable energy infrastructure manager, developer, and owner. Equity capital for the transaction has been committed from Carlyle’s Global Infrastructure Opportunity Fund and Carlyle’s Renewable & Sustainable Energy Fund.

Read More

Israel’s Ellomay commissions a 300 MW solar project in Spain

Located in Talavan, in the province of Cáceres, in the country’s southern region of Extremadura, the solar park is currently the third largest PV installation in Spain, after the 500 MW Núñez de Balboa solar plant owned by Iberdrola and the 493 MW Mula project owned by the Spanish industrial group Cobra.

Read More
Loading