Finance

The rising popularity of “baseload” power purchase agreements (PPAs) has posed questions to solar electricity suppliers in the German market. How can projects that do not generate at night, and with wide seasonal output variation, effectively supply constant power to consumers? More importantly, who shoulders the price risk?

Swell Energy has raised funds to support the development of virtual power plants (VPP) and the deployment of 200 MWh of additional contracted capacity.

The US Inflation Reduction Act of 2022 sets aside $369 billion to decarbonize the economy and respond to climate change. pv magazine USA’s Anne Fischer and Ryan Kennedy report on the boost the landmark legislation is expected to provide to solar and battery deployment and manufacturing.

Serentica Renewables is developing 1.5 GW of solar and wind power projects in India. Over the medium term, it aims to install 5 GW of clean energy capacity, coupled with different storage technologies. The investment by KKR will support its industrial decarbonization projects.

SunPower says more American people are turning to solar, as US retail energy prices rose 14.3% year over year through August.

Corporations in the Asia-Pacific region are set to contract a record 7 GW of renewable capacity in 2022, according to a new report by Wood Mackenzie. Solar accounts for 57% of the region’s contracted corporate renewable power purchase agreements (PPAs) to date. India, Australia and Taiwan account for 89% of overall capacity in the region.

Equinor is set to fully acquire developer BeGreen, which has a project pipeline of more than 6 GW in Denmark, Sweden and Poland.

UK independent power producer Rezolv Energy has acquired the late-stage development rights to a 1,044 MW solar project in Arad county, Romania. The Eastern European country is preparing to roll out a contract-for-difference (CfD) scheme early next year to deploy 3.5 GW of solar and wind.

The Asian Development Bank (ADB) and Électricité du Cambodge (EDC) have signed an agreement to develop 2 GW of solar in the Southeast Asian country. EDC will conduct a nationwide study to identify potential solar and storage projects for implementation up to 2030.

With installers who cater to African businesses making the headlines this year, Jasper Graf von Hardenberg – whose C&I solar business was recently bought by Shell – explains here how the story of the continent’s commercial and industrial (C&I) solar segment was far from an overnight success.