Norwegian platform invests $50 million in Egyptian renewables
Empower New Energy, a Norwegian solar investment platform, has signed a $50 million agreement with Egyptian independent power producer Engazaat to fund a renewable energy project portfolio in Egypt.
Nord/LB to invest €73 million in 100 MW Polish solar farm
Renewables developer OX2 has secured a €73 million ($76.8 million) financing package from bank Nord/LB for a 100 MW solar farm currently under development in southwestern Poland.
US grants $305 million loan guarantee for California VPP with ice storage
The US Department of Energy (DoE) has granted a $305 million loan guarantee to finance Project IceBrick, a virtual power plant (VPP) that will deploy up to 193 cold thermal energy storage systems across commercial buildings in California.
Malaysia’s OCK Group invests $79.1 million in solar portfolio
OCK Group, a telecom services provider, says that it plans to invest MYR 350 million ($79.1 million) in a 116 MW solar facility.
Juniper Green places 1 GW PV module order with First Solar
Juniper Green Energy has signed an agreement to buy 1 GW of First Solar’s Series 7 FT1 cadmium telluride (CdTe) thin-film PV modules. The modules will power projects in the Indian states of Rajasthan, Gujarat, and Maharashtra.
BNEF: Lithium-ion battery pack prices drop to record low of $115/kWh
Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.
Researchers complete Europe’s first PV soiling loss assessment
A European research group has adapted a soiling model for use across the continent, analyzing scenarios with complete and partial rain cleaning to calculate energy losses and increases in the levelized cost of energy (LCOE), marking Europe’s first techno-economic PV soiling assessment.
Guyana inaugurates grid-forming 0.65 MW solar plant
Guyana has unveiled a new 0.65 MW grid-forming solar project, paired with a 1,500 kWh battery energy storage system (BESS) and a 13.8 kV transmission line.
Land availability for US solar continues to slide, says Paces
Paces, a renewable energy software producer, says in a new report that available land for renewable energy sites has fallen by 22% in the United States.
Australia’s CIS Tender 1 to deliver 2.75 GW of solar
Australia’s Capacity Investment Scheme (CIS) Tender 1 will add 2.75 GW of solar generation to the National Electricity Market (NEM), with 12 of the 19 successful bids allocated across New South Wales, Victoria, and Queensland.
