Author: solarenergy

Nofar Energy has secured €110 million ($122.5 million) in financing from the European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International to build two solar projects in Romania with a combined capacity of 300 MW. August 22, 2024 Patrick Jowett Image: Jadon Kelly, UnsplashIsraeli renewable energy company Nofar Energy has secured €110 million in financing to build and operate two solar power plants in southeastern Romania. The money comes from the EBRD and Vienna-based Raiffeisen Bank International. The EBRD provides a loan of €55 million, supplemented by the Raiffeisen Bank in two tranches of €25 million and €30…

Avantus (formerly 8minute) and Toyota Tsusho America have announced the start of construction of the 159 MWdirect current/125 MWAC Norton Solar Project in Runnels County, Texas. The issuance of a Notice to Proceed (NTP) follows Avantus’ sale of the Norton project in November 2023 to TAI, a 100% subsidiary of Toyota Tsusho Corporation of Japan, one of the Toyota Group Companies. TAI has also entered into a construction and term financing agreement with global financial group Mitsubishi UFJ Financial Group. The continued collaboration between Avantus and TAI underlines the value that Avantus and its portfolio can provide to leading, multinational…

Swiss consultancy Pexapark says European developers signed 24 power purchase agreements (PPAs) in July totaling 1,196 MW, with a capacity increase of 27% month-on-month, led by solar agreements such as Europe’s largest decentralized PPA for solar energy in France. August 22, 2024 Patrick JowettAccording to Pexapark’s latest report, European developers signed 24 PPAs for 1,196 MW in July.July ended with a 27% increase in PPA volume compared to Junewith 24 signed deals. Pexapark said this makes July the fourth strongest month of 2024 so far.Tracked PPA prices reached €51.60 ($57.38)/MWh in July, up 3.1% month-on-month. French and Scandinavian PPA prices…

Let it Shine: top solar energy projects worldwide Australia on Wednesday approved plans for a massive solar hub aimed at powering millions of homes domestically and supplying electricity to Singapore. The SunCable project is expected to produce 6 gigawatts (GW) and begin delivering power by 2030. Here’s a look at other major solar projects that have been announced, are under construction, or are already operating worldwide. Midong solar project, China Most of the largest operational solar farms are in China, which is adding renewable capacity at a pace that far outpaces the rest of the world. In June, the Midong…

Jos Molenaar Generate capital And KeyState renewable energy sources have closed their third joint fund, Generate NY Community Solar VI, which was used to build, develop and operate 11 projects in New York with a total capacity of 53.5 MW. The deal included a $64 million investment from KeyState. Three of the projects are in areas where renewable energy development is being promoted to address above-average unemployment and historic economic dependence on fossil fuel extraction or production. The projects, funded through KeyState’s SOLCAP solar tax credit platform, are expected to produce a combined 76.48 million…

Sineng Electric has commissioned a 150MW/300MWh standalone energy storage station in Guangxi, China, with battery energy storage system (BESS) containers, a central power conversion system (PCS) and a booster station. August 21, 2024 Lior Kahana Sineng Electric has announced the recent completion of a 150 MW/300 MWh standalone energy storage plant in Guangxi, China. The facility includes BESS containers, a 220 kV booster station and PCS.“Our 4MW central PCS medium voltage (MV) turnkey solution has played an important role in achieving this success,” the company said. “It stands out for its high power density, which significantly reduces both the floor…

The partnerships will allow AMPYR to expand into the ground-mounted solar market. Image: Mariana Proenca/AMPYR AMPYR Distributed Energy has formed strategic partnerships with two companies to drive the rollout of solar projects. AMPYR has signed a £10 million framework agreement with Harvest Green Developments, which will see the two companies work together to provide long-term financing for energy purchase agreements (PPA) to companies looking to decarbonize their operations. As part of the deal, Harvest Green sold its 1.4 MWp solar portfolio to AMPYR. Sam Brown, Managing Director of Harvest Green, said: “This is an important milestone in the growth of…

The company says the announcement reinforces its commitment to rewarding its existing customers. Image: MCS. British energy company Good Energy Group PLC has announced that an export tariff of 40 cents per kilowatt hour will be available to customers of its solar business Good Energy Solar. The new export rate, which is fixed for 12 months, is double the company’s previous “Solar Savings Exclusive” rate, and Good Energy claims it is the highest rate available on the market. In March 2023, the country launched its first export tariff, ‘Power for Good’. Good Energy customers who have installed a solar panel…

This week, solar practitioners with a combined quarter of a century of experience, Energy Allies And Solar energy United Neighbors (ZON) has announced that the two nonprofits will combine. They do this to expand their capacity to help low- and middle-income families benefit from solar energy energy. Energy Allies will bring their deep community solar expertise to SUN’s deep rooftop solar experience. “The sun is shining everywhere, but not everyone can benefit from the sun’s rays yet,” says Anya Schoolman, executive director of Solar United Neighbors. “Together with Energy Allies will create a powerful force to help more families save…

ABB’s programmable logic controller-based automation solutions now serve more than 10 GW of renewable power plants in India, including solar, wind and battery energy storage systems. August 22, 2024 Uma Gupta By pv magazine IndiaABB has delivered an automation solution for 10 GW of renewable power plants in India. About seven years ago, the company started with a 100 MW project and has reached the 10 GW milestone with over 300 renewable energy projects across the country using its Internet of Things (IoT)-based PLC solution.ABB’s PLC-based SCADA system helps collect and analyze real-time data to keep the plant running optimally…