Jera Nex acquires US solar sites from Lightsource bp
Jera Nex has purchased two US solar arrays totaling 395 MW from Lightsource bp. The acquisition marks Jera Nex’s first deal since it launched in April. Lightsource bp will continue to manage assets and provide maintenance services at the projects.
Romania gives green light to CfD scheme
Romania’s Ministry of Energy has approved a new contracts-for-difference (CfD) mechanism, set to launch later this year. The first round will include 500 MW of solar, with the remaining capacity to be allocated in next year’s tender.
New bidding strategy for PV asset owners operating in spot market
Conceived by an international research team, the new bidding strategy applies to the day-after and the intraday markets. It uses a technique that transforms results from probabilistic models into actual scenarios. Their method showed its ability to yield increased revenues and reduced imbalance.
Greencoat Renewables acquires Irish solar farm, enters long-term PPA
Irish investment company Greencoat Renewables has acquired a 80.5 MW solar farm in eastern Ireland. It has also entered into a long-term power purchase agreement for 100% of the energy produced.
Funding secured for 60 MW solar plant in Romania
The European Bank for Reconstruction and Development and Eiffel Investment Group are providing €24.4 million in funding for the construction of a 60 MW solar plant in southern Romania.
Amea Power begins construction of 24 MW plant in Uganda
Construction of a 24 MW solar plant is underway in northwestern Uganda. Once commissioned, it will be the first solar asset in the region and Amea Power’s first operational asset in the country.
Global PV investment to surpass $500 billion in 2024
The International Energy Agency projects that solar will attract more investment than all other electricity generation sources combined. Global energy spending is set to surpass $3 trillion for the first time this year.
Hydronic closed-loop cooling system for photovoltaic modules
An international research team has developed a closed-loop PV cooling system that can reportedly offer 24-hour continuous operation. The system is claimed to be particularly suitable for hot and arid regions and to improve the lifespan of solar panels by up to 8.2%.
Quantum algorithm for photovoltaic maximum power point tracking
Researchers have developed a quantum particle swarm optimization algorithm for maximum power point tracking that reportedly generates 3.33% more power in higher temperature tests and 0.89% more power in partial shading tests compared to conventional swarm optimization algorithms.
Acciona Energía wins 12-year CfD for 189 MW in Croatia
The Spanish utility says the 189 MW Promina project, currently under development, will be Croatia’s largest solar farm upon commissioning in 2027.
