Greece’s Hellenic Petroleum has secured financing to develop 190 MW of combined solar PV and wind power capacity in Greece. The company was awarded 8.6 MW of PV capacity in Greece’s inaugural renewable energy tender in December 2016.
Overall, 11 similar proposals for PV and hydropower projects of up to 2 MW have been filed to date by the Albanian Ministry of Energy and Industry.
Around 3,909 MW of solar was assigned in yesterday’s auction. This is 400 MW more than what Spanish solar association UNEF had estimated in its provisional forecast.
The Chinese PV investor said it may record a net profit of up to CNY 40 million ($5.9 million) for the first half of 2017. The preliminary figures point to a sharp turnaround from last year, as it posted a net loss of CNY 124.4 million in the first six months of 2016.
British renewable energy developer Lightsource has entered into a £1 billion partnership with asset manager BlackRock Real Assets to create Kingfisher, which will target 1 GW of solar capacity in the U.K. Partnership will also eye storage opportunities.
The company has increased the mine’s PV power generation capacity to 674 kW with the supply of another solar container.