Scatec Solar reaches financial close on 47 MW Ukranian solar project
Scatec Solar ASA, in partnership with the Rengy Development Group, has closed financing on its 47 MW solar PV project in the Mykolaiv region of Ukraine.
Australia’s NSW gives two large-scale solar farms go-ahead
After approving a major solar+storage project at Darlington Point this week, Australia’s New South Wales (NSW) Department of Planning and Environment has just greenlit two more utility-scale solar PV projects: The 170 MW Suntop Solar Farm and the 47 MW Gregadoo Solar Farm.
Afghanistan announces EoI for 2 GW solar tender
Afghanistan’s Ministry of Energy and Water is calling for expressions of interest (EoI) for 2 GW of grid connected solar PV projects. The last date of submissions is December 20.
Zola receives $32.5 million for expansion in Tanzania
Zola Electric has received financial backing worth $32.5 million from social investment firm Symbiotics and the Dutch development bank FMO. The lending facility will be used to grow Zola’s operations in Tanzania over the following five years.
Renewables to account for 38% of Germany’s 2018 gross electricity consumption
The figure released by German industry associations BDEW and ZSW shows that no technology has grown as much as solar PV. Indeed, they say production increased 18% year-on-year. Overall, wind energy remains the largest producer of renewables, with annual growth of 7% over 2017.
275 MW solar+100 MWh storage at Darlington Point, Australia get regulatory nod
The New South Wales Department of Planning and Environment has given the green light to a massive solar farm coupled with a utility-scale energy storage facility. The Australian project proposed by Edify Energy is valued at AU$407 million.
US: Tariffs bite Q3 solar market
Wood Mackenzie and SEIA’s latest Solar Market Insight report shows a big fall in utility-scale project completions from July through the end of September, but the promise of a massive fourth quarter.
Room for US residential solar to reach 41 GW by 2025
A new analysis by Credit Suisse forecasts that installed residential solar capacity in the United States could grow more than 3x to reach 41 GW by 2025, and shows that there is plenty of space on rooftops to do this.
ADB invests $155 million in Thai green bonds
The bank continues its involvement in Thailands largest IPP B.Grimm, which is set to grow its renewable energy portfolio. According to ADB, the green bond proceeds will go to nine operational solar PV plants with a cumulative rating of 67.7 MW, and 30.8 MW that are currently still under construction.
Policy plan for rapid transition to 100% renewable-powered Europe handed to politicians
Politicians take note: “The energy transition is not a question of technical feasibility or economic viability, but one of political will.” Indeed, according to a new study, it is possible to rapidly transition to a Europe 100% powered by renewables and with zero greenhouse gas emissions. Solar PV leads the charge, followed by wind. Overall, eight policy recommendations have been laid out to achieve this bold goal by 2050.
