US FERC counts 48 GW-AC of large solar projects planned by 2021
Proposed utility-scale projects have begun piling up at the U.S. federal agency, as the end of the 30% Investment Tax Credit (ITC) draws closer.
Mexico to hold new power auction including solar in November
This year’s auction will be carried out by Mexico’s energy regulatory commission, CRE. Final results will be announced in early November.
Peru to hold new auction for solar and renewables in 2H of 2018 – Interview
In an interview with pv magazine, the president of the Peruvian Society of Renewable Energies, Juan Coronado, discusses the auction for solar and renewables, which the government is obliged to hold this year, and the different options large-solar has to resume its development in the Andean country. According to him, when the obstacles that are currently impeding private PPAs are eliminated, utility-scale PV projects could be conceived outside of the auction mechanism.
YES Bank lends $146.3 million to India’s Mahindra Renewables for 250 MW project
The project is part of the 750 MW Rewa solar park in India’s Madhya Pradesh. YES Bank has also reaffirmed its commitment to mobilize US$5 billion for financing solar power projects in India by 2030 with the International Solar Alliance (ISA) at the latter’s founding ceremony in New Delhi, held last week.
Norway’s Statoil changes name to Equinor to reflect new clean energy strategy
The Norwegian oil company announced its intention to enter the solar energy business in October, when it launched a US$197 million fund dedicated to renewable energies.
KGAL further invests in large-scale PV in southern European countries
The solar plans of the German independent investment and asset manager in Spain, Italy and Portugal are part of a broader plan to further invest in renewables, including wind and hydropower.
Alten Africa secures $50 million for 45 MW PV project in Namibia
Alten Africa has secured up to US$50 million for its planned 45.5 MWp solar PV plant in Namibia. When complete, the generated energy is expected to meet 3% of the country’s energy needs.
BayWa enters Dutch solar market with 2 GW, €159 million deal
The Munich-based company will acquire a 70% stake in a solar PV project pipeline totaling 2 GW in the Netherlands through its renewable energy arm Baywa re. The transaction will have to be approved by antitrust authorities.
Egypt’s largest PV plant inaugurated
German firm, ib vogt and Egypt’s Infinity Solar inaugurated first 64.1 MW PV farm in the Aswan Governorate, Southern Egypt this week. pv magazine, which attended the event, reports on the future plans of the two partners, and looks at the Egyptian solar market.
The US residential solar market fell 16% in 2017
GTM Research and SEIA’s final report on the U.S. solar market in 2017 shows both the struggle of the residential sector, as well as a larger than anticipated fall in utility-scale volumes, leading to a 30% contraction overall.
