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Finance

EDF, KOWEPO to build 1.5 GW solar project in UAE

Korea Western Power Co. (KOWEPO) and EDF Renewables have signed a joint development agreement for a 1.5 GW solar farm in Khazna, United Arab Emirates (UAE). The partners also recently won another project of the same size in the Al-Ajban region.

Weekend Read: Gray skies over Californian solar

There may be a global solar boom but a drastic revision of California’s net metering program has ruptured the industry overnight and is affecting everyone from installers to financiers to makers of power electronics.

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Shizen Energy takes full ownership of Juwi joint ventures

Japan’s Shizen Energy has acquired all shares of renewable contractors juwi Shizen Energy and juwi Shizen Energy Operation, its two joint venture companies with Germany’s Juwi GmbH.

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JinkoSolar claims top spot in 2023 PV module shipment rankings

Chinese manufacturer JinkoSolar says its solar module shipments reached 78.5 GW in 2023. This year, it says it hopes to sell up to 110 GW of panels.

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Romanian plastics manufacturer secures financing for 4.56 MW of PV

TeraPlast SA has secured financing for 4.56 MW of solar, with approximately one-quarter of the project’s total value obtained through non-refundable financing from the Romanian government’s National Recovery and Resilience Plan. The project, which will include a 920 kW storage facility, is set to be completed in June.

Algeria’s Sonelgaz awards 3 GW of solar projects

Representatives of Algerian state-owned utility Sonelgaz have signed contracts with local and foreign companies for the construction of 20 solar projects from two tenders.

Bulgaria launches renewables-plus-storage tenders

Bulgarian businesses can apply for funding under two new tenders that aim to facilitate 1,425 MW of renewable energy generation capacity coupled with 350 MW of energy storage. Funding support is only offered for the storage component.

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Brite Energy Partners, LG Innotek sign 84.7 MW deal in South Korea

LG Innotek will secure electricity and supply renewable energy certificates (REC) under a 20-year fixed-price agreement, procuring 100 GWh of renewable energy per year.

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Decarbonizing aviation attracts venture capital

Since 2016, some $2.4 billion worth of venture capital flowed to companies developing electric aviation and other air travel decarbonization technologies with a strong start in investment volume in 2024, according to Dealroom.co, a Dutch data and intelligence firm.

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KKR set to potentially acquire Encavis

Encavis operates 2.2 GW of wind and PV assets across 12 European countries.

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