Corporations inked 19.5 GW of clean energy contracts in 2019
Corporations contracted a record amount of wind and solar energy through power purchase agreements in 2019, up more than 40% from the previous year’s record, says a new report from BloombergNEF. The bulk of this purchasing occurred in the U.S. with tech companies and oil and gas majors leading the charge.
Panda Green settles $350m notes with hours to spare
The debt-saddled developer now has to hope its latest, $230 million state bail-out goes ahead before summer or it will be left $260 million in hock to its Beijing-owned main shareholder.
Scatec Solar swung from profit to loss last year
The Norwegian solar developer has gone from a $15.5 million profit at the end of 2018 to a $4.33 million loss just as its project co-financiers banked $21.5 million.
India’s solar cell and module exports grow 157% in eight months
Following a dip in the last fiscal year, the value of cell exports saw a massive surge to an estimated INR13.3 billion from April to November. Exports to the U.S. tripled during the eight-month period as shipments to Turkey and Belgium rebounded to become the next two biggest export markets.
Renewables deals dwarfed by oil and gas at UK-Africa Investment Summit
The scale of fossil fuel deals signed between African governments and U.K. oil and gas interests reportedly amounted to more than 11 times the volume of renewable energy commitments as Britain scrambles for post-Brexit financial opportunities.
Engie sells controlling stake in 813 MW Indian solar portfolio
This transaction is part of Engie’s develop, build, share and operate strategy which involves selling part of its stake in renewables assets while carrying out operations and maintenance.
Galp to buy ACS solar assets for €2.2 billion – enough to rebuild Real Madrid
Portuguese gas company Galp Energía says it will become “the largest solar energy company in the Iberian peninsula”. The agreement includes operating PV plants with an installed generation capacity of 900 MW plus a further 2.9 GW under development.
Deal reached to keep Energyra module production in the Netherlands
The Dutch PV manufacturer plans to start production this year after a last-minute rescue package arrived as the company’s equipment was being auctioned off.
Navajo Nation land could host 2.2 GW pumped hydro storage station
The Federal Energy Regulatory Commission has accepted Daybreak Energy’s application to develop a 2,230 MW pumped-hydro facility on the banks of Lake Powell in Utah.
Qatar’s 800 MW tender draws world record solar power price of $0.01567/kWh
Utility Kahramaa has revealed the winning consortium initially offered $0.01745/kWh with the price then reduced based on financial market indices.
